Advisors Asset Management Inc. decreased its stake in shares of Synchrony Financial (NYSE:SYF) by 97.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,918 shares of the financial services provider’s stock after selling 72,927 shares during the quarter. Advisors Asset Management Inc.’s holdings in Synchrony Financial were worth $2,444,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Kiley Juergens Wealth Management LLC increased its position in shares of Synchrony Financial by 17.0% during the 2nd quarter. Kiley Juergens Wealth Management LLC now owns 10,722 shares of the financial services provider’s stock worth $357,000 after purchasing an additional 1,555 shares during the last quarter. Bank Hapoalim BM increased its position in shares of Synchrony Financial by 4.9% during the 2nd quarter. Bank Hapoalim BM now owns 34,618 shares of the financial services provider’s stock worth $1,156,000 after purchasing an additional 1,605 shares during the last quarter. Alps Advisors Inc. increased its position in shares of Synchrony Financial by 4.2% during the 2nd quarter. Alps Advisors Inc. now owns 42,942 shares of the financial services provider’s stock worth $1,433,000 after purchasing an additional 1,741 shares during the last quarter. United Asset Strategies Inc. increased its position in shares of Synchrony Financial by 17.6% during the 2nd quarter. United Asset Strategies Inc. now owns 12,912 shares of the financial services provider’s stock worth $431,000 after purchasing an additional 1,937 shares during the last quarter. Finally, Dupont Capital Management Corp increased its position in shares of Synchrony Financial by 39.0% during the 2nd quarter. Dupont Capital Management Corp now owns 7,140 shares of the financial services provider’s stock worth $238,000 after purchasing an additional 2,005 shares during the last quarter. 85.09% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have weighed in on the company. BMO Capital Markets lowered their price target on Synchrony Financial from $51.00 to $37.00 and set an “outperform” rating on the stock in a research report on Monday, July 30th. ValuEngine raised Synchrony Financial from a “sell” rating to a “hold” rating in a research report on Friday, September 14th. Oppenheimer reaffirmed a “hold” rating on shares of Synchrony Financial in a research report on Monday, August 6th. Compass Point reaffirmed a “buy” rating and set a $39.00 price target on shares of Synchrony Financial in a research report on Monday, July 30th. Finally, Edward Jones lowered Synchrony Financial from a “buy” rating to a “hold” rating in a report on Friday, July 27th. Eleven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $38.50.

In other news, Director Roy A. Guthrie purchased 10,000 shares of Synchrony Financial stock in a transaction that occurred on Monday, July 30th. The stock was acquired at an average cost of $29.53 per share, for a total transaction of $295,300.00. Following the purchase, the director now directly owns 47,997 shares of the company’s stock, valued at approximately $1,417,351.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.07% of the company’s stock.

SYF stock opened at $31.57 on Friday. The company has a market cap of $24.43 billion, a P/E ratio of 12.05, a price-to-earnings-growth ratio of 0.94 and a beta of 1.05. Synchrony Financial has a 1-year low of $28.64 and a 1-year high of $40.59.

Synchrony Financial (NYSE:SYF) last posted its earnings results on Friday, July 27th. The financial services provider reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.10. The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.82 billion. Synchrony Financial had a return on equity of 16.96% and a net margin of 13.39%. During the same period in the previous year, the firm earned $0.61 EPS. analysts anticipate that Synchrony Financial will post 3.4 earnings per share for the current fiscal year.

Synchrony Financial Profile

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.

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

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