3,202 Shares in Synchrony Financial (NYSE:SYF) Acquired by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. bought a new stake in shares of Synchrony Financial (NYSE:SYF) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,202 shares of the financial services provider’s stock, valued at approximately $208,000.

A number of other hedge funds also recently modified their holdings of the business. Apollon Wealth Management LLC boosted its holdings in shares of Synchrony Financial by 2.3% during the fourth quarter. Apollon Wealth Management LLC now owns 7,094 shares of the financial services provider’s stock worth $461,000 after purchasing an additional 160 shares during the period. Gladstone Institutional Advisory LLC lifted its position in Synchrony Financial by 1.9% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 9,290 shares of the financial services provider’s stock worth $604,000 after buying an additional 176 shares in the last quarter. Graypoint LLC boosted its stake in shares of Synchrony Financial by 4.0% during the 3rd quarter. Graypoint LLC now owns 4,668 shares of the financial services provider’s stock valued at $233,000 after buying an additional 181 shares during the period. Wedmont Private Capital grew its holdings in shares of Synchrony Financial by 2.6% during the 4th quarter. Wedmont Private Capital now owns 7,700 shares of the financial services provider’s stock valued at $491,000 after acquiring an additional 192 shares in the last quarter. Finally, Empirical Finance LLC increased its stake in shares of Synchrony Financial by 1.3% in the third quarter. Empirical Finance LLC now owns 15,499 shares of the financial services provider’s stock worth $773,000 after acquiring an additional 204 shares during the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. UBS Group lifted their price objective on Synchrony Financial from $58.00 to $66.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. Barclays upgraded Synchrony Financial from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $59.00 to $79.00 in a report on Monday, January 6th. Royal Bank of Canada increased their price objective on Synchrony Financial from $70.00 to $73.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. upgraded shares of Synchrony Financial from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $59.00 to $72.00 in a research note on Monday, December 9th. Finally, Bank of America boosted their target price 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. Seven equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Synchrony Financial currently has an average rating of “Moderate Buy” and a consensus price target of $69.30.

Synchrony Financial Stock Performance

NYSE:SYF opened at $60.64 on Monday. The firm’s 50-day moving average is $65.96 and its 200-day moving average is $59.76. The company has a market cap of $23.57 billion, a price-to-earnings ratio of 7.10, a PEG ratio of 0.71 and a beta of 1.63. 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 issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.02. Synchrony Financial had a return on equity of 18.30% and a net margin of 15.36%. Equities research analysts anticipate that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.00 annualized dividend and a yield of 1.65%. Synchrony Financial’s dividend payout ratio (DPR) is currently 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.