Haverford Financial Services Inc. lifted its position in Synchrony Financial (NYSE:SYF) by 75.3% in the 1st quarter, HoldingsChannel reports. The fund owned 21,900 shares of the financial services provider’s stock after acquiring an additional 9,410 shares during the quarter. Haverford Financial Services Inc.’s holdings in Synchrony Financial were worth $734,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bedel Financial Consulting Inc. bought a new stake in shares of Synchrony Financial in the 1st quarter worth $142,000. Flossbach Von Storch AG bought a new stake in shares of Synchrony Financial in the 4th quarter worth $202,000. TRUE Private Wealth Advisors bought a new stake in shares of Synchrony Financial in the 4th quarter worth $204,000. QUANTRES ASSET MANAGEMENT Ltd bought a new stake in shares of Synchrony Financial in the 1st quarter worth $215,000. Finally, MML Investors Services LLC bought a new stake in shares of Synchrony Financial in the 4th quarter worth $217,000. Hedge funds and other institutional investors own 89.93% of the company’s stock.

Synchrony Financial opened at $34.93 on Friday, according to MarketBeat.com. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market cap of $26.11 billion, a P/E ratio of 12.18, a P/E/G ratio of 1.14 and a beta of 1.13. Synchrony Financial has a fifty-two week low of $34.11 and a fifty-two week high of $34.72.

Synchrony Financial (NYSE:SYF) last issued its earnings results on Friday, April 20th. The financial services provider reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.09. The firm had revenue of $3.84 billion during the quarter, compared to analyst estimates of $3.89 billion. Synchrony Financial had a net margin of 12.36% and a return on equity of 15.60%. During the same quarter last year, the business earned $0.61 earnings per share. analysts predict that Synchrony Financial will post 3.37 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 17th. Shareholders of record on Monday, May 7th were given a dividend of $0.15 per share. The ex-dividend date was Friday, May 4th. This represents a $0.60 dividend on an annualized basis and a yield of 1.72%. Synchrony Financial’s dividend payout ratio is presently 22.90%.

SYF has been the subject of several recent analyst reports. ValuEngine lowered shares of Synchrony Financial from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Zacks Investment Research lowered shares of Synchrony Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Barclays set a $53.00 price target on shares of Synchrony Financial and gave the company a “buy” rating in a research report on Monday, January 22nd. Royal Bank of Canada initiated coverage on shares of Synchrony Financial in a research report on Tuesday, April 17th. They set an “outperform” rating and a $45.00 price target for the company. Finally, Buckingham Research initiated coverage on shares of Synchrony Financial in a research report on Wednesday, March 14th. They set a “buy” rating and a $42.00 price target for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $40.69.

In other Synchrony Financial news, insider Neeraj Mehta sold 2,299 shares of the stock in a transaction dated Wednesday, April 4th. The shares were sold at an average price of $32.69, for a total transaction of $75,154.31. Following the completion of the transaction, the insider now owns 65,867 shares in the company, valued at $2,153,192.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul Whynott sold 1,750 shares of the stock in a transaction dated Monday, April 30th. The stock was sold at an average price of $33.27, for a total transaction of $58,222.50. The disclosure for this sale can be found here. Insiders have sold 14,761 shares of company stock valued at $526,829 in the last quarter. Company insiders own 0.07% of the company’s stock.

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.

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

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