Synchrony Financial (NYSE:SYF) Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its position in shares of Synchrony Financial (NYSE:SYFGet Rating) by 30.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,303,702 shares of the financial services provider’s stock after buying an additional 303,877 shares during the quarter. Russell Investments Group Ltd. owned 0.29% of Synchrony Financial worth $36,759,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in SYF. Goldman Sachs Group Inc. grew its stake in Synchrony Financial by 5.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 8,547,277 shares of the financial services provider’s stock valued at $236,077,000 after acquiring an additional 423,606 shares in the last quarter. First Trust Advisors LP boosted its position in Synchrony Financial by 853.5% during the first quarter. First Trust Advisors LP now owns 6,218,641 shares of the financial services provider’s stock valued at $216,471,000 after purchasing an additional 5,566,481 shares during the last quarter. Millennium Management LLC raised its stake in shares of Synchrony Financial by 52.5% during the 2nd quarter. Millennium Management LLC now owns 4,078,589 shares of the financial services provider’s stock worth $112,651,000 after purchasing an additional 1,404,388 shares in the last quarter. UBS Asset Management Americas Inc. increased its holdings in Synchrony Financial by 1.3% in the second quarter. UBS Asset Management Americas Inc. now owns 3,901,645 shares of the financial services provider’s stock worth $107,763,000 after buying an additional 50,226 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in Synchrony Financial by 8.0% in the second quarter. Allianz Asset Management GmbH now owns 3,533,883 shares of the financial services provider’s stock valued at $97,606,000 after acquiring an additional 262,658 shares during the last quarter. 95.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. UBS Group began coverage on shares of Synchrony Financial in a research note on Monday, November 21st. They issued a “neutral” rating and a $42.00 price objective for the company. BMO Capital Markets dropped their price target on shares of Synchrony Financial from $56.00 to $53.00 and set an “outperform” rating on the stock in a research report on Tuesday. Citigroup upped their price objective on shares of Synchrony Financial from $44.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday. JMP Securities lifted their target price on shares of Synchrony Financial from $39.00 to $42.00 and gave the stock a “market outperform” rating in a report on Tuesday. Finally, Bank of America lowered Synchrony Financial from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 13th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $39.27.

Insider Buying and Selling

In other news, insider Carol Juel sold 31,303 shares of the business’s stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $40.00, for a total transaction of $1,252,120.00. Following the completion of the transaction, the insider now directly owns 55,929 shares in the company, valued at approximately $2,237,160. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Synchrony Financial news, insider Margaret M. Keane sold 68,369 shares of the firm’s stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $36.50, for a total transaction of $2,495,468.50. Following the sale, the insider now directly owns 762,786 shares in the company, valued at approximately $27,841,689. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Carol Juel sold 31,303 shares of the stock in a transaction on Friday, November 11th. The stock was sold at an average price of $40.00, for a total transaction of $1,252,120.00. Following the sale, the insider now directly owns 55,929 shares of the company’s stock, valued at approximately $2,237,160. The disclosure for this sale can be found here. 0.55% of the stock is owned by insiders.

Synchrony Financial Stock Up 2.3 %

Shares of NYSE:SYF opened at $35.37 on Wednesday. Synchrony Financial has a 12 month low of $27.22 and a 12 month high of $47.05. The firm has a market cap of $15.94 billion, a P/E ratio of 5.60, a P/E/G ratio of 0.98 and a beta of 1.61. The company has a quick ratio of 1.21, a current ratio of 1.20 and a debt-to-equity ratio of 1.17. The company’s 50-day moving average price is $34.25 and its two-hundred day moving average price is $33.43.

Synchrony Financial (NYSE:SYFGet Rating) last released its earnings results on Monday, January 23rd. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.14. Synchrony Financial had a net margin of 17.51% and a return on equity of 24.07%. The company had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.04 billion. During the same period in the prior year, the company posted $1.48 EPS. As a group, research analysts forecast that Synchrony Financial will post 5.02 EPS for the current fiscal year.

About Synchrony Financial

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Synchrony Financial engages in the provision of consumer financial services. It operates through three sales platforms: Retail Card, Payment Solutions, and CareCredit. The Retail Card platform is a provider of private label credit cards, and also provides Dual Cards and small-and medium-sized business credit products.

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

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