Apollon Wealth Management LLC Purchases 160 Shares of Synchrony Financial (NYSE:SYF)

Apollon Wealth Management LLC boosted its stake in Synchrony Financial (NYSE:SYF) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,094 shares of the financial services provider’s stock after acquiring an additional 160 shares during the period. Apollon Wealth Management LLC’s holdings in Synchrony Financial were worth $461,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SYF. Larson Financial Group LLC boosted its holdings in Synchrony Financial by 92.7% in the third quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 292 shares during the last quarter. Y.D. More Investments Ltd raised 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 purchasing an additional 253 shares during the period. Quarry LP raised 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 purchasing an additional 675 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Synchrony Financial during the third quarter worth approximately $50,000. Finally, Raleigh Capital Management Inc. raised 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 purchasing an additional 486 shares during the period. 96.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SYF has been the topic of a number of research reports. Wells Fargo & Company raised Synchrony Financial from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $60.00 to $85.00 in a research report on Tuesday, December 3rd. UBS Group increased their price target on Synchrony Financial from $58.00 to $66.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. Bank of America increased their price target on Synchrony Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Evercore ISI increased their price target on Synchrony Financial from $58.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada increased their price target on Synchrony Financial from $70.00 to $73.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 29th. Seven equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.30.

Synchrony Financial Stock Performance

Shares of SYF opened at $64.06 on Friday. The stock’s 50-day simple moving average is $67.04 and its 200 day simple moving average is $58.35. The stock has a market capitalization of $24.94 billion, a price-to-earnings ratio of 7.50, a price-to-earnings-growth ratio of 0.72 and a beta of 1.63. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.25 and a current ratio of 1.24. Synchrony Financial has a 52-week low of $38.78 and a 52-week high of $70.93.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.02. Synchrony Financial had a return on equity of 18.30% and a net margin of 15.36%. Research analysts forecast that Synchrony Financial will post 7.45 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.56%. Synchrony Financial’s payout ratio 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.