State of Wisconsin Investment Board trimmed its position in shares of Synchrony Financial (NYSE:SYF) by 4.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,147,504 shares of the financial services provider’s stock after selling 100,852 shares during the quarter. State of Wisconsin Investment Board owned about 0.27% of Synchrony Financial worth $66,680,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SYF. Berkshire Hathaway Inc. purchased a new stake in shares of Synchrony Financial during the second quarter valued at about $520,747,000. Janus Henderson Group PLC lifted its position in shares of Synchrony Financial by 1,820.5% during the second quarter. Janus Henderson Group PLC now owns 10,934,573 shares of the financial services provider’s stock valued at $326,070,000 after buying an additional 10,365,219 shares during the last quarter. FMR LLC lifted its position in shares of Synchrony Financial by 27.1% during the second 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 during the last quarter. Capital World Investors purchased a new stake in shares of Synchrony Financial during the second quarter valued at about $202,269,000. Finally, Boston Partners lifted its position in shares of Synchrony Financial by 39.3% during the second 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 during the last quarter. 88.60% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently commented on SYF shares. BidaskClub lowered shares of Synchrony Financial from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $39.00 price objective on shares of Synchrony Financial in a research report on Thursday, October 12th. BMO Capital Markets reaffirmed a “buy” rating on shares of Synchrony Financial in a research report on Friday, July 21st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Synchrony Financial in a research report on Thursday, September 21st. Finally, Wells Fargo & Company started coverage on shares of Synchrony Financial in a research report on Tuesday, October 10th. They issued a “market perform” rating and a $33.00 price objective for the company. Twelve research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $36.77.

In other news, insider Jonathan S. Mothner sold 1,500 shares of Synchrony Financial stock in a transaction on Monday, October 30th. The stock was sold at an average price of $32.82, for a total transaction of $49,230.00. Following the transaction, the insider now owns 113,934 shares in the company, valued at approximately $3,739,313.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jonathan S. Mothner sold 1,000 shares of Synchrony Financial stock in a transaction on Friday, October 20th. The stock was sold at an average price of $33.50, for a total value of $33,500.00. Following the transaction, the insider now owns 113,578 shares in the company, valued at approximately $3,804,863. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.

Shares of Synchrony Financial (NYSE:SYF) traded down $0.20 during mid-day trading on Monday, reaching $32.91. The company’s stock had a trading volume of 879,896 shares, compared to its average volume of 6,112,614. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.38. The stock has a market cap of $25,911.61, a price-to-earnings ratio of 12.64, a P/E/G ratio of 1.37 and a beta of 1.02. 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 company had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.78 billion. Synchrony Financial had a return on equity of 14.84% and a net margin of 13.17%. During the same quarter last year, the firm posted $0.73 EPS. equities research analysts predict that Synchrony Financial will post 2.6 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Monday, November 6th will be issued a $0.15 dividend. The ex-dividend date is Friday, November 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 1.82%. Synchrony Financial’s payout ratio is currently 22.90%.

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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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