Ausdal Financial Partners Inc. Takes Position in Synchrony Financial (NYSE:SYF)

Ausdal Financial Partners Inc. acquired a new position in Synchrony Financial (NYSE:SYF) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 3,123 shares of the financial services provider’s stock, valued at approximately $203,000.

Several other institutional investors have also modified their holdings of the company. Bogart Wealth LLC bought a new stake in Synchrony Financial in the fourth quarter worth about $26,000. TCTC Holdings LLC acquired a new position in shares of Synchrony Financial in the 4th quarter worth approximately $27,000. Y.D. More Investments Ltd raised its holdings 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 worth $31,000 after purchasing an additional 253 shares in the last quarter. Larson Financial Group LLC lifted its stake in 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. Finally, Raleigh Capital Management Inc. boosted its holdings in Synchrony Financial by 151.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider’s stock worth $52,000 after buying an additional 486 shares in the last quarter. Institutional investors and hedge funds own 96.48% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on SYF shares. Royal Bank of Canada upped their price target on Synchrony Financial from $70.00 to $73.00 and gave the company a “sector perform” rating in a report on Wednesday, January 29th. Barclays upgraded Synchrony Financial from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $59.00 to $79.00 in a research report on Monday, January 6th. UBS Group boosted their price objective on Synchrony Financial from $58.00 to $66.00 and gave the stock a “neutral” rating in a report on Monday, January 13th. Truist Financial reduced their price objective on shares of Synchrony Financial from $77.00 to $65.00 and set a “hold” rating for the company in a research note on Friday, March 21st. Finally, Compass Point lowered shares of Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 price target on the stock. in a report on Tuesday, January 28th. Seven equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.10.

Synchrony Financial Trading Down 3.3 %

NYSE:SYF opened at $52.39 on Friday. The company has a market capitalization of $20.37 billion, a P/E ratio of 6.13, a P/E/G ratio of 0.71 and a beta of 1.67. The stock’s 50 day moving average price is $61.17 and its 200 day moving average price is $60.41. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.24 and a current ratio of 1.24. Synchrony Financial has a 52 week low of $39.67 and a 52 week high of $70.93.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.91 EPS for the quarter, topping 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, research analysts forecast that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.00 annualized dividend and a yield of 1.91%. Synchrony Financial’s dividend payout ratio (DPR) is currently 11.71%.

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.