Boyd Watterson Asset Management LLC OH Sells 13,835 Shares of Synchrony Financial (SYF)

Boyd Watterson Asset Management LLC OH trimmed its position in Synchrony Financial (NYSE:SYF) by 41.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 19,775 shares of the financial services provider’s stock after selling 13,835 shares during the period. Boyd Watterson Asset Management LLC OH’s holdings in Synchrony Financial were worth $764,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SYF. Westside Investment Management Inc. boosted its position in shares of Synchrony Financial by 32.1% in the 2nd quarter. Westside Investment Management Inc. now owns 3,567 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 867 shares during the last quarter. Patten Group Inc. boosted its position in shares of Synchrony Financial by 3,019.4% in the 3rd quarter. Patten Group Inc. now owns 106,713 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 103,292 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Synchrony Financial by 9.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,387 shares of the financial services provider’s stock worth $160,000 after purchasing an additional 486 shares during the last quarter. Highlander Capital Management LLC boosted its position in shares of Synchrony Financial by 83.6% in the 2nd quarter. Highlander Capital Management LLC now owns 5,492 shares of the financial services provider’s stock worth $165,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Sun Life Financial INC boosted its position in shares of Synchrony Financial by 40,207.1% in the 2nd quarter. Sun Life Financial INC now owns 5,643 shares of the financial services provider’s stock worth $168,000 after purchasing an additional 5,629 shares during the last quarter. Hedge funds and other institutional investors own 85.46% of the company’s stock.

In other Synchrony Financial news, insider David P. Melito sold 2,580 shares of Synchrony Financial stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $35.00, for a total value of $90,300.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Olympia J. Snowe purchased 3,000 shares of the company’s stock in a transaction on Friday, November 17th. The stock was purchased at an average cost of $33.40 per share, for a total transaction of $100,200.00. Following the purchase, the director now directly owns 10,608 shares in the company, valued at $354,307.20. The disclosure for this purchase can be found here. Insiders sold a total of 6,961 shares of company stock worth $244,508 in the last three months. Company insiders own 0.03% of the company’s stock.

Several research analysts have recently issued reports on the company. Barclays set a $40.00 price target on Synchrony Financial and gave the stock a “buy” rating in a research report on Monday, October 23rd. JMP Securities raised their price target on Synchrony Financial from $35.00 to $37.00 and gave the stock a “market outperform” rating in a research report on Monday, October 23rd. Wedbush set a $41.00 price objective on Synchrony Financial and gave the stock a “hold” rating in a research note on Monday, December 11th. Zacks Investment Research raised Synchrony Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, October 23rd. Finally, Wells Fargo & Co raised their price objective on Synchrony Financial from $33.00 to $35.00 and gave the stock a “market perform” rating in a research note on Monday, October 23rd. Ten equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $38.30.

Synchrony Financial (SYF) traded up $0.22 on Thursday, hitting $39.66. The company’s stock had a trading volume of 7,627,000 shares, compared to its average volume of 5,023,915. Synchrony Financial has a 1 year low of $26.01 and a 1 year high of $40.03. The firm has a market cap of $30,950.00, a P/E ratio of 15.08, a price-to-earnings-growth ratio of 1.62 and a beta of 1.06. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.47 and a quick ratio of 1.47.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings results on Friday, October 20th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 the consensus estimate of $3.78 billion. During the same quarter last year, the business posted $0.73 EPS. research analysts expect that Synchrony Financial will post 2.57 EPS for the current year.

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Synchrony Financial 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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