Bronfman E.L. Rothschild L.P. reduced its stake in Synchrony Financial (NYSE:SYF) by 16.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,855 shares of the financial services provider’s stock after selling 564 shares during the quarter. Bronfman E.L. Rothschild L.P.’s holdings in Synchrony Financial were worth $67,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. JOYN Advisors Inc. lifted its holdings in Synchrony Financial by 33.7% in the 4th quarter. JOYN Advisors Inc. now owns 1,349 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 340 shares during the last quarter. Corient Capital Partners LLC increased its position in Synchrony Financial by 0.5% in the 4th quarter. Corient Capital Partners LLC now owns 73,723 shares of the financial services provider’s stock worth $1,730,000 after buying an additional 356 shares during the period. PNC Financial Services Group Inc. increased its position in Synchrony Financial by 0.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 132,539 shares of the financial services provider’s stock worth $3,110,000 after buying an additional 388 shares during the period. Huntington National Bank increased its position in Synchrony Financial by 47.6% in the 4th quarter. Huntington National Bank now owns 1,908 shares of the financial services provider’s stock worth $45,000 after buying an additional 615 shares during the period. Finally, AGF Investments America Inc. increased its position in Synchrony Financial by 2.5% in the 4th quarter. AGF Investments America Inc. now owns 46,455 shares of the financial services provider’s stock worth $1,090,000 after buying an additional 1,155 shares during the period. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Several brokerages have commented on SYF. Zacks Investment Research raised Synchrony Financial from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Monday, March 18th. ValuEngine raised Synchrony Financial from a “sell” rating to a “hold” rating in a research report on Thursday, March 14th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Synchrony Financial in a research report on Wednesday, March 13th. Goldman Sachs Group raised Synchrony Financial from a “neutral” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Thursday, February 14th. Finally, CIBC raised Synchrony Financial from a “market perform” rating to an “outperform” rating and set a $43.00 price target on the stock in a research report on Thursday, January 24th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Synchrony Financial currently has an average rating of “Buy” and a consensus target price of $37.64.

Shares of NYSE SYF opened at $31.83 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.63. The company has a market capitalization of $23.36 billion, a price-to-earnings ratio of 8.51, a price-to-earnings-growth ratio of 0.84 and a beta of 1.29. Synchrony Financial has a 12 month low of $21.77 and a 12 month high of $36.32.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings data on Wednesday, January 23rd. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.16. The business had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.25 billion. Synchrony Financial had a return on equity of 19.41% and a net margin of 15.45%. During the same period in the previous year, the business posted $0.70 earnings per share. On average, research analysts forecast that Synchrony Financial will post 4.37 earnings per share for the current fiscal year.

In other news, insider Henry F. Greig sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $33.00, for a total transaction of $1,650,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David P. Melito sold 3,934 shares of the business’s stock in a transaction that occurred on Thursday, January 31st. The shares were sold at an average price of $30.00, for a total value of $118,020.00. Following the sale, the insider now owns 29,486 shares in the company, valued at $884,580. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 60,342 shares of company stock worth $1,966,668. 0.07% of the stock is currently owned by company insiders.

COPYRIGHT VIOLATION WARNING: “Bronfman E.L. Rothschild L.P. Has $67,000 Position in Synchrony Financial (SYF)” was originally posted by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright & trademark law. The original version of this piece of content can be accessed at https://www.watchlistnews.com/bronfman-e-l-rothschild-l-p-has-67000-position-in-synchrony-financial-syf/2913804.html.

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.

Further Reading: Why is insider trading harmful?

Want to see what other hedge funds are holding SYF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Synchrony Financial (NYSE:SYF).

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

Receive News & Ratings for Synchrony Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synchrony Financial and related companies with MarketBeat.com's FREE daily email newsletter.