One Wealth Advisors LLC Invests $361,000 in Synchrony Financial (NYSE:SYF)

One Wealth Advisors LLC bought a new position in Synchrony Financial (NYSE:SYF) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 5,547 shares of the financial services provider’s stock, valued at approximately $361,000.

Other institutional investors have also recently made changes to their positions in the company. National Pension Service raised its position in shares of Synchrony Financial by 22.7% in the 3rd quarter. National Pension Service now owns 957,758 shares of the financial services provider’s stock worth $47,773,000 after acquiring an additional 177,051 shares in the last quarter. National Bank of Canada FI grew its stake in shares of Synchrony Financial by 119.0% in the 3rd quarter. National Bank of Canada FI now owns 243,040 shares of the financial services provider’s stock worth $12,123,000 after buying an additional 132,047 shares during the last quarter. Brophy Wealth Management LLC purchased a new stake in shares of Synchrony Financial in the 3rd quarter worth approximately $544,000. Principal Financial Group Inc. grew its stake in shares of Synchrony Financial by 2.2% in the 3rd quarter. Principal Financial Group Inc. now owns 487,720 shares of the financial services provider’s stock worth $24,327,000 after buying an additional 10,294 shares during the last quarter. Finally, Unigestion Holding SA purchased a new stake in shares of Synchrony Financial in the 3rd quarter worth approximately $985,000. Institutional investors own 96.48% of the company’s stock.

Synchrony Financial Price Performance

Shares of Synchrony Financial stock opened at $67.52 on Tuesday. Synchrony Financial has a one year low of $38.03 and a one year high of $70.93. The stock’s fifty day moving average is $67.16 and its 200 day moving average is $57.51. The stock has a market cap of $26.29 billion, a P/E ratio of 7.91, a P/E/G ratio of 0.76 and a beta of 1.63. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.25 and a current ratio of 1.24.

Synchrony Financial (NYSE:SYF) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.02. Synchrony Financial had a return on equity of 18.30% and a net margin of 15.36%. Sell-side analysts anticipate that Synchrony Financial will post 7.08 earnings per share for the current year.

Synchrony Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be issued a $0.25 dividend. The ex-dividend date is Monday, February 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.48%. Synchrony Financial’s dividend payout ratio is currently 11.71%.

Analysts Set New Price Targets

Several research firms recently weighed in on SYF. Wells Fargo & Company upgraded Synchrony Financial from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $60.00 to $85.00 in a research note on Tuesday, December 3rd. Evercore ISI upped their price target on Synchrony Financial from $58.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Truist Financial upped their price target on Synchrony Financial from $72.00 to $77.00 and gave the stock a “hold” rating in a research note on Thursday, January 30th. UBS Group increased their target price on Synchrony Financial from $58.00 to $66.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. Finally, JMP Securities reiterated a “market outperform” rating and set a $60.00 target price on shares of Synchrony Financial in a research note on Monday, October 14th. Seven equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.30.

Insider Buying and Selling

In related news, insider Jonathan S. Mothner sold 34,163 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $64.99, for a total value of $2,220,253.37. Following the transaction, the insider now directly owns 127,587 shares of the company’s stock, valued at approximately $8,291,879.13. This trade represents a 21.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.33% of the stock is owned by insiders.

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.