BB&T Securities LLC lowered its stake in shares of Synchrony Financial (NYSE:SYF) by 4.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 55,685 shares of the financial services provider’s stock after selling 2,886 shares during the period. BB&T Securities LLC’s holdings in Synchrony Financial were worth $1,895,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Synchrony Financial by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 55,339,419 shares of the financial services provider’s stock valued at $1,918,618,000 after purchasing an additional 1,497,768 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Synchrony Financial by 26.2% in the 2nd quarter. AQR Capital Management LLC now owns 13,694,041 shares of the financial services provider’s stock valued at $472,034,000 after purchasing an additional 2,845,615 shares during the last quarter. APG Asset Management N.V. lifted its stake in shares of Synchrony Financial by 6.9% in the 2nd quarter. APG Asset Management N.V. now owns 11,007,486 shares of the financial services provider’s stock valued at $335,116,000 after purchasing an additional 714,200 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in shares of Synchrony Financial by 14,246.0% in the 2nd quarter. Nuveen Asset Management LLC now owns 8,379,799 shares of the financial services provider’s stock valued at $290,527,000 after purchasing an additional 8,321,387 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Synchrony Financial by 14.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,257,139 shares of the financial services provider’s stock valued at $145,978,000 after purchasing an additional 541,423 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors.

SYF stock opened at $36.82 on Thursday. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $23.09 billion, a PE ratio of 9.84, a P/E/G ratio of 0.90 and a beta of 1.16. Synchrony Financial has a 12-month low of $21.77 and a 12-month high of $36.87. The business’s fifty day moving average price is $34.13 and its 200 day moving average price is $34.27.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data on Friday, October 18th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.10. The firm had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.33 billion. Synchrony Financial had a return on equity of 20.05% and a net margin of 19.54%. During the same quarter in the previous year, the business earned $0.91 EPS. Research analysts predict that Synchrony Financial will post 4.24 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, November 4th will be issued a $0.22 dividend. The ex-dividend date is Friday, November 1st. This represents a $0.88 annualized dividend and a dividend yield of 2.39%. Synchrony Financial’s dividend payout ratio is presently 23.53%.

Several equities analysts have recently commented on the company. ValuEngine lowered Synchrony Financial from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Nomura set a $43.00 price target on Synchrony Financial and gave the company a “buy” rating in a research note on Monday, October 21st. Buckingham Research assumed coverage on Synchrony Financial in a research note on Monday, July 22nd. They issued a “buy” rating and a $42.00 price target on the stock. Oppenheimer set a $39.00 price target on Synchrony Financial and gave the company a “buy” rating in a research note on Tuesday, October 15th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $42.00 price target on shares of Synchrony Financial in a research note on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $38.92.

In related news, Director Will W. Graylin sold 7,500 shares of the business’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $33.71, for a total value of $252,825.00. Following the sale, the director now owns 76,662 shares in the company, valued at approximately $2,584,276.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.32% of the stock is currently owned by insiders.

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: How to trade on quiet period expirations

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.