Haverford Financial Services Inc. acquired a new position in Synchrony Financial (NYSE:SYF) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,750 shares of the financial services provider’s stock, valued at approximately $334,000.

Other large investors have also modified their holdings of the company. Westside Investment Management Inc. raised 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 worth $104,000 after buying an additional 867 shares in the last quarter. First Quadrant L P CA raised its stake in Synchrony Financial by 55.4% in the second quarter. First Quadrant L P CA now owns 3,726 shares of the financial services provider’s stock worth $111,000 after buying an additional 1,328 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in Synchrony Financial by 39.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,560 shares of the financial services provider’s stock worth $136,000 after buying an additional 1,280 shares in the last quarter. State of Alaska Department of Revenue raised 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 worth $159,000 after buying an additional 880 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised 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 worth $160,000 after buying an additional 486 shares in the last quarter. 87.23% of the stock is owned by institutional investors.

SYF has been the topic of several analyst reports. TheStreet raised shares of Synchrony Financial from a “c” rating to a “b” rating in a report on Monday, July 31st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $39.00 price target on shares of Synchrony Financial in a report on Thursday, October 12th. BMO Capital Markets reaffirmed a “buy” rating and issued a $40.00 price target on shares of Synchrony Financial in a report on Friday, August 25th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $40.00 price target on shares of Synchrony Financial in a report on Thursday, September 21st. Finally, Barclays PLC set a $40.00 price target on shares of Synchrony Financial and gave the stock a “buy” rating in a report on Monday, October 23rd. Twelve equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Synchrony Financial currently has a consensus rating of “Buy” and a consensus price target of $36.93.

In other Synchrony Financial news, insider Jonathan S. Mothner sold 1,500 shares of the company’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $32.82, for a total value of $49,230.00. Following the sale, the insider now directly owns 113,934 shares of the company’s stock, valued at $3,739,313.88. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Olympia J. Snowe purchased 3,000 shares of the stock in a transaction on Friday, November 17th. The stock was acquired at an average cost of $33.40 per share, for a total transaction 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. 0.03% of the stock is currently owned by corporate insiders.

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Shares of Synchrony Financial (NYSE:SYF) traded down $0.10 on Friday, hitting $33.67. 4,177,300 shares of the stock were exchanged, compared to its average volume of 6,999,298. The stock has a market capitalization of $26,349.86, a price-to-earnings ratio of 12.85, a PEG ratio of 1.69 and a beta of 1.02. 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 has a 12-month low of $26.01 and a 12-month high of $38.06.

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

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 6th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend was Friday, November 3rd. Synchrony Financial’s payout ratio is 22.90%.

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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