Synchrony Financial (NYSE:SYF) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its position in shares of Synchrony Financial (NYSE:SYF) by 2.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 66,715 shares of the financial services provider’s stock after acquiring an additional 1,778 shares during the period. Daiwa Securities Group Inc.’s holdings in Synchrony Financial were worth $4,337,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Bogart Wealth LLC bought a new position in shares of Synchrony Financial during the fourth quarter worth about $26,000. Larson Financial Group LLC grew its position in shares of Synchrony Financial by 92.7% during the third quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 292 shares during the last quarter. Y.D. More Investments Ltd grew its position in shares of Synchrony Financial by 111.5% during 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 grew its position in shares of Synchrony Financial by 301.3% during the third quarter. Quarry LP now owns 899 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 675 shares during the last quarter. Finally, Raleigh Capital Management Inc. grew its position 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 worth $52,000 after acquiring an additional 486 shares during the last quarter. Institutional investors own 96.48% of the company’s stock.

Synchrony Financial Stock Performance

Synchrony Financial stock opened at $53.55 on Thursday. The firm’s 50 day simple moving average is $64.16 and its 200-day simple moving average is $60.09. The company has a market cap of $20.82 billion, a P/E ratio of 6.27, a price-to-earnings-growth 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 fifty-two week low of $39.67 and a fifty-two week high of $70.93.

Synchrony Financial (NYSE:SYF) last posted 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%. As a group, equities research analysts predict that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Monday, February 3rd. Synchrony Financial’s dividend payout ratio is currently 11.71%.

Wall Street Analyst Weigh In

SYF has been the subject of a number of recent analyst reports. Wells Fargo & Company upgraded shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $60.00 to $85.00 in a research report on Tuesday, December 3rd. Bank of America increased their target price on shares of Synchrony Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Compass Point lowered shares of 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. Truist Financial increased their target price on shares of Synchrony Financial from $72.00 to $77.00 and gave the company a “hold” rating in a research report on Thursday, January 30th. Finally, UBS Group increased their target price on shares of Synchrony Financial from $58.00 to $66.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. Six investment 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 company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $69.30.

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.