State of Alaska Department of Revenue reduced its position in shares of Synchrony Financial (NYSE:SYF) by 7.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,389 shares of the financial services provider’s stock after selling 8,607 shares during the period. State of Alaska Department of Revenue’s holdings in Synchrony Financial were worth $3,297,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of Synchrony Financial by 3.3% during the fourth quarter. BlackRock Inc. now owns 46,496,604 shares of the financial services provider’s stock worth $1,090,810,000 after buying an additional 1,503,876 shares during the period. Geode Capital Management LLC raised its stake in shares of Synchrony Financial by 7.1% in the fourth quarter. Geode Capital Management LLC now owns 10,348,447 shares of the financial services provider’s stock valued at $242,414,000 after acquiring an additional 686,204 shares in the last quarter. CI Investments Inc. raised its stake in shares of Synchrony Financial by 15.5% in the fourth quarter. CI Investments Inc. now owns 9,911,915 shares of the financial services provider’s stock valued at $232,534,000 after acquiring an additional 1,332,748 shares in the last quarter. Northern Trust Corp raised its stake in shares of Synchrony Financial by 0.3% in the fourth quarter. Northern Trust Corp now owns 7,298,832 shares of the financial services provider’s stock valued at $171,232,000 after acquiring an additional 19,276 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Synchrony Financial in the fourth quarter valued at $168,722,000. Institutional investors and hedge funds own 86.54% of the company’s stock.

In related news, insider David P. Melito sold 3,934 shares of the firm’s stock in a transaction dated Thursday, January 31st. The stock was sold at an average price of $30.00, for a total transaction of $118,020.00. Following the transaction, the insider now owns 29,486 shares of the company’s stock, valued at $884,580. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Henry F. Greig sold 50,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $33.00, for a total value of $1,650,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 60,342 shares of company stock worth $1,966,668. Corporate insiders own 0.07% of the company’s stock.

A number of analysts have weighed in on the company. Zacks Investment Research upgraded Synchrony Financial from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Monday, March 18th. ValuEngine raised Synchrony Financial from a “sell” rating to a “hold” rating in a report on Thursday, March 14th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Synchrony Financial in a report on Wednesday, March 13th. Goldman Sachs Group raised Synchrony Financial from a “neutral” rating to a “buy” rating and set a $38.00 price objective on the stock in a report on Thursday, February 14th. Finally, CIBC raised Synchrony Financial from a “market perform” rating to an “outperform” rating and set a $43.00 price objective on the stock in a report on Thursday, January 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. Synchrony Financial has a consensus rating of “Hold” and an average price target of $37.64.

NYSE SYF opened at $33.00 on Monday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.41 and a current ratio of 1.41. Synchrony Financial has a 52-week low of $21.77 and a 52-week high of $36.32. The stock has a market cap of $22.56 billion, a P/E ratio of 8.82, a P/E/G ratio of 1.01 and a beta of 1.28.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings results on Wednesday, January 23rd. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.16. Synchrony Financial had a return on equity of 19.41% and a net margin of 15.45%. The firm had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.25 billion. During the same quarter last year, the company posted $0.70 earnings per share. Analysts predict that Synchrony Financial will post 4.21 earnings per share for the current fiscal year.

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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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