Profund Advisors LLC Decreases Holdings in Synchrony Financial (SYF)

Profund Advisors LLC trimmed its holdings in shares of Synchrony Financial (NYSE:SYF) by 22.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,536 shares of the financial services provider’s stock after selling 5,185 shares during the period. Profund Advisors LLC’s holdings in Synchrony Financial were worth $588,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SYF. Bedel Financial Consulting Inc. acquired a new position in shares of Synchrony Financial in the 1st quarter valued at $142,000. Financial Advocates Investment Management acquired a new position in shares of Synchrony Financial in the 1st quarter valued at $212,000. QUANTRES ASSET MANAGEMENT Ltd acquired a new position in shares of Synchrony Financial in the 1st quarter valued at $215,000. MML Investors Services LLC acquired a new position in shares of Synchrony Financial in the 4th quarter valued at $217,000. Finally, Wetherby Asset Management Inc. acquired a new position in shares of Synchrony Financial in the 4th quarter valued at $227,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

In other news, insider David P. Melito sold 2,094 shares of the company’s stock in a transaction on Monday, May 21st. The shares were sold at an average price of $35.60, for a total transaction of $74,546.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul Whynott sold 1,750 shares of the company’s stock in a transaction on Monday, April 30th. The stock was sold at an average price of $33.27, for a total transaction of $58,222.50. The disclosure for this sale can be found here. Insiders have sold 6,143 shares of company stock valued at $207,923 in the last ninety days. Insiders own 0.07% of the company’s stock.



Several equities analysts recently issued reports on SYF shares. ValuEngine upgraded shares of Synchrony Financial from a “hold” rating to a “buy” rating in a research note on Thursday, April 12th. UBS Group started coverage on shares of Synchrony Financial in a research note on Tuesday, March 27th. They issued a “sell” rating and a $32.00 target price for the company. Royal Bank of Canada started coverage on shares of Synchrony Financial in a research note on Tuesday, April 17th. They issued an “outperform” rating and a $45.00 target price for the company. Buckingham Research started coverage on shares of Synchrony Financial in a research note on Wednesday, March 14th. They issued a “buy” rating and a $42.00 target price for the company. Finally, BMO Capital Markets decreased their target price on shares of Synchrony Financial from $55.00 to $51.00 and set an “outperform” rating for the company in a research note on Monday, April 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $40.69.

Shares of Synchrony Financial opened at $34.93 on Monday, according to Marketbeat.com. The firm has a market capitalization of $26.58 billion, a P/E ratio of 13.39, a P/E/G ratio of 1.15 and a beta of 1.13. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.46. Synchrony Financial has a one year low of $28.33 and a one year high of $40.59.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results on Friday, April 20th. The financial services provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.74 by $0.09. The company had revenue of $3.84 billion during the quarter, compared to analyst estimates of $3.89 billion. Synchrony Financial had a net margin of 12.36% and a return on equity of 15.60%. During the same quarter in the previous year, the firm earned $0.61 EPS. equities research analysts expect that Synchrony Financial will post 3.39 earnings per share for the current year.

About Synchrony Financial

Synchrony Financial operates as a consumer financial services company in the United States. The company offers private label credit cards, dual cards, general purpose co-branded credit cards, and small and medium-sized business credit products; and promotional financing for consumer purchases, such as private label credit cards and installment loans.

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

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