AHL Partners LLP Has $7.14 Million Position in Synchrony Financial (SYF)
AHL Partners LLP lifted its position in shares of Synchrony Financial (NYSE:SYF) by 80.6% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 239,397 shares of the financial services provider’s stock after buying an additional 106,818 shares during the quarter. AHL Partners LLP’s holdings in Synchrony Financial were worth $7,139,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SYF. BlackRock Inc. lifted its stake in shares of Synchrony Financial by 2,275.1% during the 1st quarter. BlackRock Inc. now owns 48,272,035 shares of the financial services provider’s stock valued at $1,655,730,000 after buying an additional 46,239,640 shares in the last quarter. FMR LLC lifted its stake in shares of Synchrony Financial by 27.1% during the 2nd quarter. FMR LLC now owns 36,964,054 shares of the financial services provider’s stock valued at $1,102,267,000 after buying an additional 7,874,689 shares in the last quarter. Boston Partners lifted its stake in shares of Synchrony Financial by 39.3% during the 2nd quarter. Boston Partners now owns 12,891,959 shares of the financial services provider’s stock valued at $384,439,000 after buying an additional 3,637,487 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Synchrony Financial during the 1st quarter valued at $106,320,000. Finally, Morgan Stanley lifted its stake in shares of Synchrony Financial by 66.3% during the 1st quarter. Morgan Stanley now owns 7,059,204 shares of the financial services provider’s stock valued at $242,130,000 after buying an additional 2,814,215 shares in the last quarter. Institutional investors own 87.06% of the company’s stock.
SYF has been the topic of a number of analyst reports. Morgan Stanley cut shares of Synchrony Financial from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $35.00 to $32.00 in a research note on Friday, September 8th. Zacks Investment Research cut shares of Synchrony Financial from a “hold” rating to a “sell” rating in a research note on Monday, September 25th. BMO Capital Markets restated a “buy” rating and set a $40.00 target price on shares of Synchrony Financial in a research note on Friday, August 25th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Synchrony Financial in a research note on Saturday, July 22nd. Finally, Instinet reiterated a “buy” rating and issued a $35.00 price target (down previously from $38.00) on shares of Synchrony Financial in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $37.48.
Synchrony Financial (NYSE SYF) opened at 31.31 on Thursday. The company’s 50-day moving average is $30.04 and its 200 day moving average is $30.09. Synchrony Financial has a one year low of $26.01 and a one year high of $38.06. The company has a market capitalization of $24.90 billion, a P/E ratio of 11.76 and a beta of 1.01.
Synchrony Financial (NYSE:SYF) last issued its earnings results on Friday, July 21st. The financial services provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. Synchrony Financial had a net margin of 13.84% and a return on equity of 15.30%. The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the previous year, the firm earned $0.58 earnings per share. On average, equities analysts anticipate that Synchrony Financial will post $2.59 earnings per share for the current year.
In related news, Director Paget Leonard Alves purchased 2,000 shares of the company’s stock in a transaction on Monday, July 24th. The stock was acquired at an average cost of $30.85 per share, for a total transaction of $61,700.00. Following the completion of the transaction, the director now directly owns 8,521 shares in the company, valued at $262,872.85. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.03% of the stock is owned by company insiders.
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.
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