Elo Mutual Pension Insurance Co Buys 1,881 Shares of Synchrony Financial (NYSE:SYF)

Elo Mutual Pension Insurance Co raised its position in shares of Synchrony Financial (NYSE:SYF) by 5.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,976 shares of the financial services provider’s stock after acquiring an additional 1,881 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Synchrony Financial were worth $2,403,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. New Wave Wealth Advisors LLC acquired a new position in Synchrony Financial in the 4th quarter valued at $452,000. National Bank of Canada FI grew its stake in shares of Synchrony Financial by 119.0% in the third quarter. National Bank of Canada FI now owns 243,040 shares of the financial services provider’s stock valued at $12,123,000 after acquiring an additional 132,047 shares in the last quarter. Asset Management One Co. Ltd. increased its position in Synchrony Financial by 7.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 178,811 shares of the financial services provider’s stock worth $11,787,000 after acquiring an additional 12,492 shares during the period. Brophy Wealth Management LLC acquired a new stake in Synchrony Financial in the 3rd quarter worth about $544,000. Finally, Summit Trail Advisors LLC bought a new stake in Synchrony Financial in the 4th quarter valued at about $423,000. Institutional investors and hedge funds own 96.48% of the company’s stock.

Synchrony Financial Trading Down 3.3 %

Shares of NYSE SYF opened at $52.39 on Friday. The firm has a 50 day moving average price of $61.17 and a two-hundred day moving average price of $60.51. The stock has a market cap of $20.37 billion, a P/E ratio of 6.13, a price-to-earnings-growth ratio of 0.71 and a beta of 1.67. Synchrony Financial has a 52-week low of $39.67 and a 52-week high of $70.93. 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 (NYSE:SYF) last posted 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 return on equity of 18.30% and a net margin of 15.36%. As a group, equities analysts forecast that Synchrony Financial will post 7.67 EPS for the current 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 issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend was Monday, February 3rd. Synchrony Financial’s payout ratio is presently 11.71%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SYF. Royal Bank of Canada lifted 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 report on Wednesday, January 29th. Compass Point downgraded 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. JPMorgan Chase & Co. upgraded Synchrony Financial from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $59.00 to $72.00 in a research report on Monday, December 9th. Wells Fargo & Company raised shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $60.00 to $85.00 in a research report on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Synchrony Financial from $62.00 to $82.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Seven research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $68.10.

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.