Ossiam Grows Stock Holdings in Synchrony Financial (NYSE:SYF)

Ossiam raised its position in Synchrony Financial (NYSE:SYFFree Report) by 178.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,392 shares of the financial services provider’s stock after acquiring an additional 31,028 shares during the quarter. Ossiam’s holdings in Synchrony Financial were worth $1,848,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of SYF. Massmutual Trust Co. FSB ADV grew its holdings in Synchrony Financial by 44.1% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,274 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 390 shares during the period. Wetzel Investment Advisors Inc. purchased a new stake in Synchrony Financial during the fourth quarter valued at approximately $55,000. Brown Brothers Harriman & Co. increased its holdings in Synchrony Financial by 56.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,445 shares of the financial services provider’s stock valued at $55,000 after buying an additional 522 shares during the last quarter. Principal Securities Inc. purchased a new stake in Synchrony Financial during the fourth quarter valued at approximately $60,000. Finally, Systematic Alpha Investments LLC purchased a new stake in shares of Synchrony Financial in the third quarter worth $100,000. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Synchrony Financial Price Performance

Shares of NYSE SYF opened at $44.34 on Tuesday. The firm has a market cap of $17.80 billion, a PE ratio of 6.36, a PEG ratio of 1.01 and a beta of 1.60. The firm has a fifty day moving average of $43.26 and a 200 day moving average of $40.25. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.23 and a current ratio of 1.24. Synchrony Financial has a one year low of $27.30 and a one year high of $46.72.

Synchrony Financial (NYSE:SYFGet Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $1.18 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.19). Synchrony Financial had a return on equity of 16.01% and a net margin of 13.49%. The company had revenue of $5.57 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the previous year, the firm posted $1.35 EPS. As a group, research analysts predict that Synchrony Financial will post 5.75 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Monday, May 6th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend was Friday, May 3rd. Synchrony Financial’s payout ratio is 14.35%.

Synchrony Financial declared that its Board of Directors has authorized a stock buyback program on Wednesday, April 24th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to reacquire up to 5.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts recently weighed in on SYF shares. BMO Capital Markets raised their target price on shares of Synchrony Financial from $40.00 to $41.00 and gave the company a “market perform” rating in a research note on Thursday, April 25th. TD Cowen raised their price target on shares of Synchrony Financial from $49.00 to $51.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Bank of America raised their price target on shares of Synchrony Financial from $43.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Oppenheimer reissued a “market perform” rating on shares of Synchrony Financial in a research report on Wednesday, March 6th. Finally, StockNews.com upgraded shares of Synchrony Financial from a “hold” rating to a “buy” rating in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Synchrony Financial has a consensus rating of “Hold” and a consensus target price of $44.55.

View Our Latest Report on Synchrony Financial

Insider Activity

In other news, insider Curtis Howse sold 6,179 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $42.82, for a total transaction of $264,584.78. Following the transaction, the insider now owns 152,604 shares of the company’s stock, valued at approximately $6,534,503.28. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.33% of the company’s stock.

Synchrony Financial Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Synchrony Financial (NYSE:SYF)

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