BNP Paribas Arbitrage SA raised its stake in Synchrony Financial (NYSE:SYF) by 130.8% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 369,549 shares of the company’s stock after buying an additional 209,416 shares during the period. BNP Paribas Arbitrage SA’s holdings in Synchrony Financial were worth $10,347,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in Synchrony Financial by 1.7% in the second quarter. Vanguard Group Inc. now owns 49,269,728 shares of the company’s stock valued at $1,245,539,000 after buying an additional 816,276 shares during the period. Janus Capital Management LLC raised its stake in Synchrony Financial by 13.6% in the second quarter. Janus Capital Management LLC now owns 27,841,462 shares of the company’s stock valued at $703,816,000 after buying an additional 3,336,585 shares during the period. Bank of New York Mellon Corp raised its stake in Synchrony Financial by 14.1% in the second quarter. Bank of New York Mellon Corp now owns 21,921,122 shares of the company’s stock valued at $554,167,000 after buying an additional 2,706,823 shares during the period. First Eagle Investment Management LLC raised its stake in Synchrony Financial by 39.9% in the second quarter. First Eagle Investment Management LLC now owns 16,251,075 shares of the company’s stock valued at $410,827,000 after buying an additional 4,635,480 shares during the period. Finally, BlackRock Fund Advisors raised its stake in Synchrony Financial by 3.4% in the second quarter. BlackRock Fund Advisors now owns 12,987,002 shares of the company’s stock valued at $328,311,000 after buying an additional 424,678 shares during the period. Institutional investors and hedge funds own 88.43% of the company’s stock.

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

Synchrony Financial (NYSE:SYF) traded up 0.57% on Friday, reaching $33.62. 7,069,522 shares of the company’s stock traded hands. The firm’s 50-day moving average is $28.02 and its 200 day moving average is $28.14. Synchrony Financial has a 12 month low of $23.25 and a 12 month high of $33.69. The firm has a market cap of $27.75 billion, a PE ratio of 12.64 and a beta of 0.89.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results on Friday, October 21st. The company reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.04. Synchrony Financial had a return on equity of 16.61% and a net margin of 15.40%. During the same quarter in the previous year, the firm earned $0.69 EPS. Equities analysts predict that Synchrony Financial will post $2.68 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 17th. Stockholders of record on Monday, November 7th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Thursday, November 3rd. Synchrony Financial’s dividend payout ratio is presently 19.55%.

SYF has been the topic of several analyst reports. Zacks Investment Research lowered shares of Synchrony Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, September 28th. Compass Point assumed coverage on shares of Synchrony Financial in a research note on Friday, November 4th. They set a “buy” rating and a $34.00 price objective on the stock. Nomura reiterated a “buy” rating and set a $34.00 price objective on shares of Synchrony Financial in a research note on Thursday, September 22nd. BTIG Research set a $42.00 price objective on shares of Synchrony Financial and gave the stock a “buy” rating in a research note on Wednesday, October 12th. Finally, Wedbush assumed coverage on shares of Synchrony Financial in a research note on Monday, October 10th. They set an “outperform” rating and a $31.00 price objective on the stock. Three analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. Synchrony Financial has a consensus rating of “Buy” and an average target price of $39.68.

In other news, insider Margaret M. Keane sold 2,000 shares of the company’s stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $30.00, for a total transaction of $60,000.00. Following the sale, the insider now directly owns 361,206 shares in the company, valued at $10,836,180. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.02% of the company’s stock.

About Synchrony Financial

Synchrony Financial is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Company’s revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit.

5 Day Chart for NYSE:SYF

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