Synchrony Financial (SYF) Shares Sold by First Trust Advisors LP

First Trust Advisors LP decreased its holdings in shares of Synchrony Financial (NYSE:SYF) by 2.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,207,929 shares of the financial services provider’s stock after selling 24,959 shares during the period. First Trust Advisors LP owned approximately 0.16% of Synchrony Financial worth $37,542,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of SYF. Brown Advisory Inc. lifted its stake in Synchrony Financial by 152.1% during the first quarter. Brown Advisory Inc. now owns 22,761 shares of the financial services provider’s stock worth $764,000 after purchasing an additional 13,734 shares during the last quarter. Norman Fields Gottscho Capital Management LLC lifted its stake in Synchrony Financial by 2.5% during the second quarter. Norman Fields Gottscho Capital Management LLC now owns 135,889 shares of the financial services provider’s stock worth $4,536,000 after purchasing an additional 3,250 shares during the last quarter. IFM Investors Pty Ltd lifted its stake in Synchrony Financial by 38.7% during the second quarter. IFM Investors Pty Ltd now owns 33,817 shares of the financial services provider’s stock worth $1,129,000 after purchasing an additional 9,439 shares during the last quarter. Moon Capital Management LLC lifted its stake in Synchrony Financial by 8.0% during the second quarter. Moon Capital Management LLC now owns 121,773 shares of the financial services provider’s stock worth $4,065,000 after purchasing an additional 9,035 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in Synchrony Financial by 15.2% during the second quarter. State of Alaska Department of Revenue now owns 102,756 shares of the financial services provider’s stock worth $3,429,000 after purchasing an additional 13,575 shares during the last quarter. 84.96% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on the company. Oppenheimer reaffirmed a “hold” rating on shares of Synchrony Financial in a research note on Monday, October 22nd. BMO Capital Markets lifted their price target on Synchrony Financial from $37.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, October 22nd. Zacks Investment Research raised Synchrony Financial from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Monday, October 8th. ValuEngine lowered Synchrony Financial from a “hold” rating to a “sell” rating in a research note on Friday, September 28th. Finally, Bank of America lowered Synchrony Financial from a “buy” rating to a “neutral” rating and set a $34.00 price target for the company. in a research note on Wednesday, September 26th. One 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. The company has a consensus rating of “Hold” and a consensus price target of $38.13.



SYF opened at $28.88 on Thursday. The stock has a market capitalization of $20.11 billion, a PE ratio of 11.02, a P/E/G ratio of 0.78 and a beta of 1.06. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.70. Synchrony Financial has a 12 month low of $27.60 and a 12 month high of $40.59.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings data on Friday, October 19th. The financial services provider reported $0.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.11. The firm had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $4.18 billion. Synchrony Financial had a return on equity of 17.90% and a net margin of 13.70%. During the same quarter in the previous year, the business earned $0.70 earnings per share. On average, analysts predict that Synchrony Financial will post 3.48 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Monday, November 5th will be issued a $0.21 dividend. The ex-dividend date is Friday, November 2nd. This represents a $0.84 annualized dividend and a dividend yield of 2.91%. Synchrony Financial’s dividend payout ratio is currently 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.

Featured Article: Investing strategies using the yield curve

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

Receive News & Ratings for Synchrony Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synchrony Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply