Aperio Group LLC Sells 10,963 Shares of Synchrony Financial (SYF)

Aperio Group LLC cut its holdings in shares of Synchrony Financial (NYSE:SYF) by 4.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 239,645 shares of the financial services provider’s stock after selling 10,963 shares during the quarter. Aperio Group LLC’s holdings in Synchrony Financial were worth $7,448,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Kiley Juergens Wealth Management LLC boosted its position in Synchrony Financial by 17.0% during the second quarter. Kiley Juergens Wealth Management LLC now owns 10,722 shares of the financial services provider’s stock worth $357,000 after acquiring an additional 1,555 shares during the last quarter. Bank Hapoalim BM boosted its position in Synchrony Financial by 4.9% during the second quarter. Bank Hapoalim BM now owns 34,618 shares of the financial services provider’s stock worth $1,156,000 after acquiring an additional 1,605 shares during the last quarter. Alps Advisors Inc. boosted its position in Synchrony Financial by 4.2% during the second quarter. Alps Advisors Inc. now owns 42,942 shares of the financial services provider’s stock worth $1,433,000 after acquiring an additional 1,741 shares during the last quarter. United Asset Strategies Inc. boosted its position in Synchrony Financial by 17.6% during the second quarter. United Asset Strategies Inc. now owns 12,912 shares of the financial services provider’s stock worth $431,000 after acquiring an additional 1,937 shares during the last quarter. Finally, Dupont Capital Management Corp boosted its position in Synchrony Financial by 39.0% during the second quarter. Dupont Capital Management Corp now owns 7,140 shares of the financial services provider’s stock worth $238,000 after acquiring an additional 2,005 shares during the last quarter. Hedge funds and other institutional investors own 84.96% of the company’s stock.

SYF has been the topic of a number of recent research reports. Edward Jones lowered shares of Synchrony Financial from a “buy” rating to a “hold” rating in a research report on Friday, July 27th. UBS Group upgraded shares of Synchrony Financial from a “sell” rating to a “neutral” rating and boosted their target price for the company from $32.00 to $33.00 in a report on Friday, August 3rd. ValuEngine lowered shares of Synchrony Financial from a “hold” rating to a “sell” rating in a report on Friday, September 28th. Zacks Investment Research upgraded shares of Synchrony Financial from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Monday, October 8th. Finally, Compass Point reiterated a “buy” rating and issued a $39.00 target price on shares of Synchrony Financial in a report on Monday, July 30th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $38.13.



NYSE:SYF opened at $28.01 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.70. The stock has a market capitalization of $20.11 billion, a price-to-earnings ratio of 10.69, a PEG ratio of 0.77 and a beta of 1.06. Synchrony Financial has a 1-year low of $27.60 and a 1-year high of $40.59.

Synchrony Financial (NYSE:SYF) last posted its earnings results on Friday, October 19th. The financial services provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.11. The company had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.18 billion. Synchrony Financial had a net margin of 13.70% and a return on equity of 17.90%. During the same period in the previous year, the business posted $0.70 EPS. Equities analysts expect that Synchrony Financial will post 3.48 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Monday, November 5th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend is Friday, November 2nd. Synchrony Financial’s dividend payout ratio (DPR) is 32.06%.

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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