Dorsey & Whitney Trust CO LLC Raises Position in Synchrony Financial (NYSE:SYF)

Dorsey & Whitney Trust CO LLC increased its stake in shares of Synchrony Financial (NYSE:SYF) by 3.0% in the 4th quarter, Holdings Channel reports. The firm owned 8,741 shares of the financial services provider’s stock after buying an additional 253 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Synchrony Financial were worth $568,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in SYF. Bogart Wealth LLC purchased a new position in shares of Synchrony Financial during the fourth quarter valued at approximately $26,000. Larson Financial Group LLC raised its holdings in shares of Synchrony Financial by 92.7% during the third quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 292 shares during the last quarter. Y.D. More Investments Ltd raised its holdings in shares of Synchrony Financial by 111.5% during the fourth quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 253 shares during the last quarter. Quarry LP raised its holdings in shares of Synchrony Financial by 301.3% during the third quarter. Quarry LP now owns 899 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 675 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in shares of Synchrony Financial during the third quarter valued at approximately $50,000. 96.48% of the stock is owned by hedge funds and other institutional investors.

Synchrony Financial Stock Performance

SYF opened at $54.77 on Monday. The firm has a market cap of $21.29 billion, a P/E ratio of 6.41, a PEG ratio of 0.71 and a beta of 1.67. Synchrony Financial has a 1-year low of $39.67 and a 1-year high of $70.93. The company has a 50 day simple moving average of $64.91 and a two-hundred day simple moving average of $60.07. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.24.

Synchrony Financial (NYSE:SYF) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.02. Synchrony Financial had a net margin of 15.36% and a return on equity of 18.30%. Equities analysts forecast that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a dividend of $0.25 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.83%. Synchrony Financial’s dividend payout ratio is 11.71%.

Analyst Ratings Changes

Several research analysts have recently weighed in on SYF shares. UBS Group boosted their price objective on shares of Synchrony Financial from $58.00 to $66.00 and gave the company a “neutral” rating in a report on Monday, January 13th. JPMorgan Chase & Co. raised shares of Synchrony Financial from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $59.00 to $72.00 in a report on Monday, December 9th. Truist Financial boosted their target price on shares of Synchrony Financial from $72.00 to $77.00 and gave the company a “hold” rating in a research report on Thursday, January 30th. Compass Point lowered shares of Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 target price for the company. in a research report on Tuesday, January 28th. Finally, The Goldman Sachs Group boosted their target price on shares of Synchrony Financial from $72.50 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Synchrony Financial presently has an average rating of “Moderate Buy” and an average target price of $69.30.

Synchrony Financial Company Profile

Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products, and consumer installment loans. The company also offers private label credit cards, dual co-brand and general purpose credit cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts, and sweep and affinity deposits, as well as accepts deposits through third-party securities brokerage firms.