ING Groep NV raised its holdings in Synchrony Financial (NYSE:SYF) by 63.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 64,610 shares of the financial services provider’s stock after acquiring an additional 25,176 shares during the period. ING Groep NV’s holdings in Synchrony Financial were worth $2,006,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Synchrony Financial by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 52,233,692 shares of the financial services provider’s stock worth $1,557,609,000 after buying an additional 956,331 shares during the last quarter. FMR LLC increased its holdings 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 worth $1,102,267,000 after buying an additional 7,874,689 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in shares of Synchrony Financial by 2.1% during the 3rd quarter. First Eagle Investment Management LLC now owns 17,666,015 shares of the financial services provider’s stock worth $548,530,000 after buying an additional 362,810 shares during the last quarter. Berkshire Hathaway Inc. acquired a new stake in shares of Synchrony Financial during the 2nd quarter worth $520,747,000. Finally, Boston Partners increased its holdings 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 worth $384,439,000 after buying an additional 3,637,487 shares during the last quarter. Institutional investors own 87.23% of the company’s stock.

Shares of Synchrony Financial (NYSE:SYF) traded down $0.18 during trading on Friday, reaching $33.49. 2,370,000 shares of the company were exchanged, compared to its average volume of 5,031,987. The company has a current ratio of 1.47, a quick 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. The stock has a market cap of $26,349.86, a PE ratio of 12.85, a price-to-earnings-growth ratio of 1.69 and a beta of 1.02.

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

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, November 6th were given a dividend of $0.15 per share. The ex-dividend date was Friday, November 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 1.79%. Synchrony Financial’s dividend payout ratio (DPR) is 22.90%.

In related 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 transaction of $49,230.00. Following the completion of the sale, the insider now directly owns 113,934 shares of the company’s stock, valued at approximately $3,739,313.88. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jonathan S. Mothner sold 1,000 shares of the company’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $33.50, for a total transaction of $33,500.00. Following the sale, the insider now directly owns 113,578 shares of the company’s stock, valued at $3,804,863. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by corporate insiders.

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

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About Synchrony Financial

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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