First National Advisers LLC Has $3.89 Million Stock Holdings in Synchrony Financial (NYSE:SYF)

First National Advisers LLC raised its holdings in Synchrony Financial (NYSE:SYF) by 7.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,857 shares of the financial services provider’s stock after acquiring an additional 4,283 shares during the quarter. First National Advisers LLC’s holdings in Synchrony Financial were worth $3,891,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SYF. Bogart Wealth LLC acquired a new stake in shares of Synchrony Financial in the fourth quarter worth $26,000. Y.D. More Investments Ltd lifted its stake in shares of Synchrony Financial by 111.5% in the fourth quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider’s stock worth $31,000 after buying an additional 253 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of Synchrony Financial by 92.7% in the third quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock worth $30,000 after buying an additional 292 shares during the last quarter. Raleigh Capital Management Inc. lifted its stake in shares of Synchrony Financial by 151.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider’s stock worth $52,000 after buying an additional 486 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Synchrony Financial by 46.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 810 shares of the financial services provider’s stock worth $53,000 after buying an additional 257 shares during the last quarter. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SYF shares. Royal Bank of Canada boosted their price objective on shares of Synchrony Financial from $70.00 to $73.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods upped their target price on shares of Synchrony Financial from $62.00 to $82.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Barclays upgraded shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $59.00 to $79.00 in a research note on Monday, January 6th. Truist Financial boosted their price target on shares of Synchrony Financial from $72.00 to $77.00 and gave the company a “hold” rating in a report on Thursday, January 30th. Finally, UBS Group boosted their price target on shares of Synchrony Financial from $58.00 to $66.00 and gave the company a “neutral” rating in a report on Monday, January 13th. Six 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $69.30.

Synchrony Financial Stock Performance

Synchrony Financial stock opened at $53.42 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.01. Synchrony Financial has a 1 year low of $39.67 and a 1 year high of $70.93. The company has a market cap of $20.77 billion, a PE ratio of 6.25, a PEG ratio of 0.71 and a beta of 1.67. The company’s 50-day moving average is $63.63 and its two-hundred day moving average is $60.14.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results 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 net margin of 15.36% and a return on equity of 18.30%. Equities analysts anticipate that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.87%. Synchrony Financial’s dividend payout ratio is 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.