Integrated Quantitative Investments LLC Acquires New Holdings in Synchrony Financial (NYSE:SYF)

Integrated Quantitative Investments LLC bought a new position in shares of Synchrony Financial (NYSE:SYF) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,000 shares of the financial services provider’s stock, valued at approximately $390,000.

Several other institutional investors and hedge funds also recently modified their holdings of SYF. Bogart Wealth LLC acquired a new position in shares of Synchrony Financial during the 4th quarter worth approximately $26,000. TCTC Holdings LLC purchased a new position in Synchrony Financial during the fourth quarter worth $27,000. Y.D. More Investments Ltd raised its holdings in shares of Synchrony Financial by 111.5% in the fourth quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 253 shares during the last quarter. Quarry LP lifted its position in shares of Synchrony Financial by 301.3% in the third quarter. Quarry LP now owns 899 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 675 shares in the last quarter. Finally, Raleigh Capital Management Inc. boosted its stake in shares of Synchrony Financial by 151.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 486 shares during the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Synchrony Financial Price Performance

Shares of NYSE SYF opened at $43.76 on Friday. The company has a market capitalization of $17.01 billion, a price-to-earnings ratio of 5.12, a PEG ratio of 0.71 and a beta of 1.67. 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 has a 1-year low of $39.67 and a 1-year high of $70.93. The business has a 50-day moving average of $59.21 and a 200-day moving average of $60.54.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.02. Synchrony Financial had a net margin of 15.36% and a return on equity of 18.30%. On average, equities analysts anticipate that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 2.29%. Synchrony Financial’s dividend payout ratio is currently 11.71%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SYF. StockNews.com lowered shares of Synchrony Financial from a “buy” rating to a “hold” rating in a report on Monday, March 24th. Royal Bank of Canada upped their price objective on shares of Synchrony Financial from $70.00 to $73.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 29th. Bank of America lifted their target price on shares of Synchrony Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. Truist Financial reduced their price target on Synchrony Financial from $77.00 to $65.00 and set a “hold” rating on the stock in a research note on Friday, March 21st. Finally, JPMorgan Chase & Co. raised Synchrony Financial from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $59.00 to $72.00 in a research report on Monday, December 9th. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Synchrony Financial currently has an average rating of “Moderate Buy” and an average target price of $68.26.

About Synchrony Financial

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.