Polianta Ltd bought a new position in shares of Synchrony Financial (NYSE:SYF) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 32,000 shares of the financial services provider’s stock, valued at approximately $1,090,000.
A number of other institutional investors also recently bought and sold shares of the business. Phocas Financial Corp. purchased a new stake in shares of Synchrony Financial during the 2nd quarter valued at $2,292,000. Executive Wealth Management LLC purchased a new stake in shares of Synchrony Financial during the 2nd quarter valued at $27,000. Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of Synchrony Financial during the 2nd quarter valued at $29,000. Captrust Financial Advisors lifted its holdings in shares of Synchrony Financial by 321.5% during the 2nd quarter. Captrust Financial Advisors now owns 843 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 643 shares during the last quarter. Finally, Capital Investment Advisory Services LLC purchased a new stake in shares of Synchrony Financial during the 2nd quarter valued at $30,000. Institutional investors own 86.44% of the company’s stock.
SYF has been the subject of several analyst reports. ValuEngine lowered Synchrony Financial from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. BMO Capital Markets set a $43.00 price objective on Synchrony Financial and gave the company a “buy” rating in a report on Sunday, July 21st. Nomura increased their price objective on Synchrony Financial from $39.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. BTIG Research reiterated a “buy” rating and set a $42.00 price objective on shares of Synchrony Financial in a report on Monday, July 22nd. Finally, Buckingham Research initiated coverage on Synchrony Financial in a report on Monday, July 22nd. They set a “buy” rating and a $42.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $38.71.
SYF stock traded up $0.73 during midday trading on Wednesday, reaching $32.13. The stock had a trading volume of 89,241 shares, compared to its average volume of 5,705,096. The stock has a market cap of $21.65 billion, a PE ratio of 8.58, a P/E/G ratio of 0.77 and a beta of 1.18. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.25 and a current ratio of 1.36. The firm has a fifty day simple moving average of $33.02 and a two-hundred day simple moving average of $33.93. Synchrony Financial has a 52-week low of $21.77 and a 52-week high of $36.87.
Synchrony Financial (NYSE:SYF) last issued its earnings results on Friday, July 19th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.01. The company had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.19 billion. Synchrony Financial had a return on equity of 19.50% and a net margin of 17.82%. During the same quarter last year, the business posted $0.92 EPS. On average, sell-side analysts predict that Synchrony Financial will post 4.21 EPS for the current fiscal year.
In related news, Director Will W. Graylin sold 7,500 shares of the firm’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $33.71, for a total value of $252,825.00. Following the completion of the transaction, the director now owns 76,662 shares in the company, valued at approximately $2,584,276.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.32% 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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