Synchrony Financial (SYF) Shares Sold by Tredje AP fonden

Tredje AP fonden lessened its position in Synchrony Financial (NYSE:SYF) by 9.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,468 shares of the financial services provider’s stock after selling 7,900 shares during the quarter. Tredje AP fonden’s holdings in Synchrony Financial were worth $2,405,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SYF. Westside Investment Management Inc. increased its stake in Synchrony Financial by 32.1% in the second quarter. Westside Investment Management Inc. now owns 3,567 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 867 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Synchrony Financial by 19.7% in the second quarter. State of Alaska Department of Revenue now owns 5,338 shares of the financial services provider’s stock valued at $159,000 after acquiring an additional 880 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Synchrony Financial by 9.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,387 shares of the financial services provider’s stock valued at $160,000 after acquiring an additional 486 shares during the last quarter. Highlander Capital Management LLC increased its stake in Synchrony Financial by 83.6% in the second quarter. Highlander Capital Management LLC now owns 5,492 shares of the financial services provider’s stock valued at $165,000 after acquiring an additional 2,500 shares during the last quarter. Finally, Sun Life Financial INC increased its stake in Synchrony Financial by 40,207.1% in the second quarter. Sun Life Financial INC now owns 5,643 shares of the financial services provider’s stock valued at $168,000 after acquiring an additional 5,629 shares during the last quarter. 85.77% of the stock is currently owned by institutional investors and hedge funds.

Shares of Synchrony Financial (NYSE:SYF) traded down $0.14 during trading hours on Wednesday, hitting $37.31. The stock had a trading volume of 8,227,400 shares, compared to its average volume of 7,061,038. Synchrony Financial has a 52-week low of $26.01 and a 52-week high of $38.06. The company has a market capitalization of $29,308.06, a PE ratio of 14.29, a P/E/G ratio of 1.89 and a beta of 1.06. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.38.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data on Friday, October 20th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.06. Synchrony Financial had a return on equity of 14.84% and a net margin of 13.17%. The firm had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same period last year, the firm earned $0.73 earnings per share. research analysts expect that Synchrony Financial will post 2.59 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Monday, November 6th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, November 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.61%. Synchrony Financial’s dividend payout ratio is currently 22.90%.

A number of research analysts recently commented on SYF shares. JMP Securities increased their target price on Synchrony Financial from $35.00 to $37.00 and gave the company a “market outperform” rating in a research note on Monday, October 23rd. Wells Fargo & Company increased their target price on Synchrony Financial from $33.00 to $35.00 and gave the company a “market perform” rating in a research note on Monday, October 23rd. Bank of America cut Synchrony Financial from a “buy” rating to a “neutral” rating and reduced their target price for the company from $35.00 to $33.00 in a research note on Friday, October 6th. Morgan Stanley cut Synchrony Financial from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $35.00 to $32.00 in a research note on Friday, September 8th. Finally, Zacks Investment Research cut Synchrony Financial from a “hold” rating to a “sell” rating in a research note on Monday, September 25th. Twelve equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $37.14.

In other news, insider David P. Melito sold 2,580 shares of the stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $35.00, for a total transaction of $90,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Olympia J. Snowe bought 3,000 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were purchased at an average price of $33.40 per share, with a total value of $100,200.00. Following the completion of the acquisition, the director now owns 10,608 shares of the company’s stock, valued at approximately $354,307.20. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 5,080 shares of company stock valued at $173,030. 0.03% of the stock is currently owned by company insiders.

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Synchrony Financial Company Profile

Synchrony Financial is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Company’s revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit.

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

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