Synchrony Financial (SYF) Shares Sold by Blair William & Co. IL

Blair William & Co. IL trimmed its holdings in Synchrony Financial (NYSE:SYF) by 67.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,455 shares of the financial services provider’s stock after selling 21,549 shares during the quarter. Blair William & Co. IL’s holdings in Synchrony Financial were worth $351,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of SYF. Rockefeller Capital Management L.P. acquired a new stake in Synchrony Financial in the 1st quarter valued at about $92,403,000. Amundi Pioneer Asset Management Inc. lifted its holdings in Synchrony Financial by 108.3% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 4,032,094 shares of the financial services provider’s stock valued at $155,677,000 after acquiring an additional 2,096,626 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Synchrony Financial by 77.0% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,905,286 shares of the financial services provider’s stock valued at $130,943,000 after acquiring an additional 1,699,021 shares during the last quarter. American Century Companies Inc. lifted its holdings in Synchrony Financial by 3,844.2% in the 1st quarter. American Century Companies Inc. now owns 1,045,601 shares of the financial services provider’s stock valued at $35,059,000 after acquiring an additional 1,019,091 shares during the last quarter. Finally, Toronto Dominion Bank lifted its holdings in Synchrony Financial by 258.3% in the 1st quarter. Toronto Dominion Bank now owns 1,219,743 shares of the financial services provider’s stock valued at $40,895,000 after acquiring an additional 879,352 shares during the last quarter. 85.67% of the stock is owned by institutional investors.

In other news, insider David P. Melito sold 2,094 shares of the company’s stock in a transaction dated Monday, May 21st. The stock was sold at an average price of $35.60, for a total value of $74,546.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Neeraj Mehta sold 2,299 shares of the company’s stock in a transaction dated Wednesday, April 4th. The shares were sold at an average price of $32.69, for a total value of $75,154.31. Following the completion of the transaction, the insider now owns 65,867 shares in the company, valued at approximately $2,153,192.23. The disclosure for this sale can be found here. Insiders sold a total of 6,143 shares of company stock worth $207,923 in the last quarter. 0.07% of the stock is owned by corporate insiders.

SYF has been the topic of several recent analyst reports. ValuEngine upgraded Synchrony Financial from a “hold” rating to a “buy” rating in a report on Thursday, April 12th. UBS Group initiated coverage on Synchrony Financial in a report on Tuesday, March 27th. They set a “sell” rating and a $32.00 price objective on the stock. Royal Bank of Canada initiated coverage on Synchrony Financial in a report on Tuesday, April 17th. They set an “outperform” rating and a $45.00 price objective on the stock. Buckingham Research initiated coverage on Synchrony Financial in a report on Wednesday, March 14th. They set a “buy” rating and a $42.00 price objective on the stock. Finally, BMO Capital Markets cut their price objective on Synchrony Financial from $55.00 to $51.00 and set an “outperform” rating on the stock in a report on Monday, April 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. Synchrony Financial currently has a consensus rating of “Buy” and a consensus price target of $40.69.

Shares of Synchrony Financial opened at $33.00 on Thursday, according to Marketbeat. The stock has a market capitalization of $25.76 billion, a PE ratio of 12.60, a price-to-earnings-growth ratio of 1.12 and a beta of 1.13. Synchrony Financial has a fifty-two week low of $28.33 and a fifty-two week high of $40.59. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.41 and a current ratio of 1.41.

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, beating analysts’ consensus estimates of $0.74 by $0.09. The company had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.89 billion. Synchrony Financial had a return on equity of 15.60% and a net margin of 12.36%. During the same quarter in the prior year, the company earned $0.61 EPS. sell-side analysts expect that Synchrony Financial will post 3.39 EPS for the current fiscal year.

Synchrony Financial Company 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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