Synchrony Financial (NYSE:SYF) is Kerusso Capital Management LLC’s 3rd Largest Position

Kerusso Capital Management LLC boosted its holdings in shares of Synchrony Financial (NYSE:SYF) by 0.2% in the 4th quarter, Holdings Channel reports. The fund owned 78,175 shares of the financial services provider’s stock after acquiring an additional 173 shares during the quarter. Synchrony Financial accounts for 3.2% of Kerusso Capital Management LLC’s holdings, making the stock its 3rd largest holding. Kerusso Capital Management LLC’s holdings in Synchrony Financial were worth $5,081,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Bogart Wealth LLC purchased a new stake in shares of Synchrony Financial in the 4th quarter valued at approximately $26,000. Y.D. More Investments Ltd grew its stake in shares of Synchrony Financial by 111.5% in the 4th quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider’s stock valued at $31,000 after buying an additional 253 shares during the period. Larson Financial Group LLC grew its stake in shares of Synchrony Financial by 92.7% in the 3rd quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock valued at $30,000 after buying an additional 292 shares during the period. Raleigh Capital Management Inc. grew its stake in shares of Synchrony Financial by 151.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider’s stock valued at $52,000 after buying an additional 486 shares during the period. Finally, Quarry LP grew its stake in shares of Synchrony Financial by 301.3% in the 3rd quarter. Quarry LP now owns 899 shares of the financial services provider’s stock valued at $45,000 after buying an additional 675 shares during the period. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Wall Street Analyst Weigh In

SYF has been the subject of several analyst reports. Evercore ISI increased their price target on shares of Synchrony Financial from $58.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Royal Bank of Canada increased their price target 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 increased their price objective on shares of Synchrony Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Barclays raised shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $59.00 to $79.00 in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. raised shares of Synchrony Financial from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $59.00 to $72.00 in a research report on Monday, December 9th. Seven analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $69.30.

Synchrony Financial Price Performance

Synchrony Financial stock opened at $65.19 on Monday. Synchrony Financial has a 52-week low of $39.26 and a 52-week high of $70.93. The company’s 50 day moving average is $66.93 and its two-hundred day moving average is $58.55. The firm has a market cap of $25.38 billion, a PE ratio of 7.63, a price-to-earnings-growth ratio of 0.72 and a beta of 1.63. The company has a quick ratio of 1.25, a current ratio of 1.24 and a debt-to-equity ratio of 1.01.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share for the quarter, beating 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%. On average, research analysts expect that Synchrony Financial will post 7.45 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders 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 dividend yield of 1.53%. Synchrony Financial’s payout ratio is 11.71%.

Synchrony Financial 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.