Rothschild Investment Corp IL acquired a new stock position in Synchrony Financial (NYSE:SYF – Get Rating) during Q1, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,400 shares of the financial services provider, valued at around $258,000.

Other large investors also bought and sold shares of the company. Moors & Cabot Inc. acquired a new stake in Synchrony Financial during the third quarter worth approximately $26,000. CVA Family Office LLC bought a new stock position in Synchrony Financial in the fourth quarter for about $30,000. Blue Bell Private Wealth Management LLC bought a new stock position in Synchrony Financial in the fourth quarter worth about $30,000. Spire Wealth Management increased its stake in Synchrony Financial shares by 1,219.7% in the fourth quarter. Spire Wealth Management now owns 871 shares of the financial services provider worth $40,000 after buying an additional 805 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its stake in Synchrony Financial shares by 115.7% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 964 shares of the financial services provider worth $45,000 after buying 517 more shares in the last quarter. 98.26% of the shares are currently held by institutional investors and hedge funds.

SYF opened at $29.45 on Tuesday. The company has a market capitalization of $14.77 billion, a P/E ratio of 4.00, a PEG ratio of 0.23 and a beta of 1.43. Synchrony Financial has a 1 year minimum of $27.40 and a 1 year maximum of $52.49. The company has a 50-day simple moving average of $34.61 and a two-hundred-day simple moving average of $39.36. The company has a debt ratio of 1.05, a current ratio of 1.24 and a quick ratio of 1.18.

Synchrony Financial (NYSE:SYF – Get Rating) last released its results on Monday, April 18. The financial services provider reported earnings per share of $1.73 for the quarter, beating analyst consensus estimates of $1.53 by $0.20. Synchrony Financial had a net margin of 26.26% and a return on equity of 29.99%. The company posted revenue of $3.79 billion in the quarter, versus analyst estimates of $2.66 billion. In the same quarter a year earlier, the company had earned earnings per share of $1.73. Stock analysts expect Synchrony Financial to post earnings per share of 5.63 for the current year.

Synchrony Financial said its board authorized a stock buyback program on Monday, April 18 that allows the company to repurchase $2.80 billion in stock. This repurchase authorization authorizes the financial services provider to repurchase up to 13.6% of its shares through purchases on the open market. Share repurchase programs usually indicate that the company’s board of directors believe its shares are undervalued.

The company also recently announced a quarterly dividend, which was paid on Thursday, May 12. Investors of record on Monday, May 2 received a dividend of $0.22 per share. The ex-dividend date was Friday, April 29. This represents a dividend of $0.88 on an annualized basis and a dividend yield of 2.99%. Synchrony Financial’s dividend payout ratio is 11.94%.

Several research analysts have recently released reports on SYF shares. Bank of America lowered its price target on Synchrony Financial shares from $52.00 to $45.00 in a Thursday, March 17 research note. Morgan Stanley downgraded shares of Synchrony Financial from an “overweight” rating to a “weighted” rating and lowered its target price for the stock from $56.00 to $40.00 in a Monday 28 research note. march. Wolfe Research downgraded Synchrony Financial shares from a “peer performing” rating to an “underperforming” rating and set a price target of $22.00 for the company. in a report on Thursday, May 12. StockNews.com upgraded Synchrony Financial shares from a “hold” rating to a “buy” rating in a Monday, June 20 report. Finally, Stephens cut his price target on Synchrony Financial shares from $54.00 to $47.00 and set an “equal weight” rating for the company in a Tuesday, April 19 report. One research analyst rated the security with a sell rating, five assigned a hold rating and thirteen assigned a buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $51.00.

Synchrony financial profile (Get an assessment)

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 cards, co-branded 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 for retail and commercial customers, as well as deposits through brokerage firms in third-party securities.

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