BTC Capital Management Inc. acquired a new position in Synchrony Financial (NYSE:SYF) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,951 shares of the financial services provider’s stock, valued at approximately $559,000.

Other large investors have also added to or reduced their stakes in the company. Berkshire Hathaway Inc. purchased a new position in Synchrony Financial in the second quarter worth $520,747,000. Raymond James Financial Services Advisors Inc. raised its position in Synchrony Financial by 15.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 409,428 shares of the financial services provider’s stock worth $12,209,000 after acquiring an additional 55,662 shares in the last quarter. Janus Henderson Group PLC raised its position in Synchrony Financial by 1,820.5% in the second quarter. Janus Henderson Group PLC now owns 10,934,573 shares of the financial services provider’s stock worth $326,070,000 after acquiring an additional 10,365,219 shares in the last quarter. Amalgamated Bank raised its position in Synchrony Financial by 57.1% in the second quarter. Amalgamated Bank now owns 91,027 shares of the financial services provider’s stock worth $2,714,000 after acquiring an additional 33,101 shares in the last quarter. Finally, Pinebridge Investments L.P. raised its position in Synchrony Financial by 2,700.9% in the second quarter. Pinebridge Investments L.P. now owns 219,057 shares of the financial services provider’s stock worth $6,532,000 after acquiring an additional 211,236 shares in the last quarter. Hedge funds and other institutional investors own 88.32% of the company’s stock.

Synchrony Financial (NYSE:SYF) traded up $0.52 during trading on Tuesday, reaching $32.59. The company had a trading volume of 5,185,200 shares, compared to its average volume of 6,995,761. The stock has a market cap of $25,097.71, a PE ratio of 12.24, a PEG ratio of 1.32 and a beta of 1.02. Synchrony Financial has a 1 year low of $26.01 and a 1 year high of $38.06. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.38.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data on Friday, October 20th. The financial services provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. The firm had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.78 billion. Synchrony Financial had a return on equity of 15.49% and a net margin of 14.04%. During the same quarter last year, the business posted $0.73 EPS. equities research analysts predict that Synchrony Financial will post 2.6 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Monday, November 6th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Friday, November 3rd. Synchrony Financial’s dividend payout ratio is presently 22.90%.

In related news, insider Jonathan S. Mothner sold 1,000 shares of Synchrony Financial stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $33.50, for a total transaction of $33,500.00. Following the completion of the sale, the insider now owns 113,578 shares in the company, valued at approximately $3,804,863. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jonathan S. Mothner sold 1,500 shares of Synchrony Financial stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $32.82, for a total value of $49,230.00. Following the sale, the insider now owns 113,934 shares of the company’s stock, valued at approximately $3,739,313.88. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.

SYF has been the subject of several research analyst reports. TheStreet upgraded Synchrony Financial from a “c” rating to a “b” rating in a research report on Monday, July 31st. BMO Capital Markets reiterated a “buy” rating on shares of Synchrony Financial in a research report on Friday, July 21st. Jefferies Group LLC reiterated a “buy” rating and issued a $40.00 price objective on shares of Synchrony Financial in a research report on Thursday, September 21st. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $39.00 price objective on shares of Synchrony Financial in a research report on Thursday, October 12th. Finally, Barclays PLC set a $40.00 price objective on Synchrony Financial and gave the stock a “buy” rating in a research report on Monday, October 23rd. Twelve investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $36.77.

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Synchrony Financial Profile

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.

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

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