Comerica Bank trimmed its holdings in Synchrony Financial (NYSE:SYF) by 4.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 188,188 shares of the financial services provider’s stock after selling 8,077 shares during the quarter. Comerica Bank’s holdings in Synchrony Financial were worth $6,135,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Berkshire Hathaway Inc. acquired a new stake in Synchrony Financial in the 2nd quarter valued at about $520,747,000. Raymond James Financial Services Advisors Inc. lifted its stake in Synchrony Financial by 15.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 409,428 shares of the financial services provider’s stock valued at $12,209,000 after buying an additional 55,662 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Synchrony Financial by 1,820.5% during the second quarter. Janus Henderson Group PLC now owns 10,934,573 shares of the financial services provider’s stock valued at $326,070,000 after buying an additional 10,365,219 shares in the last quarter. Amalgamated Bank lifted its stake in Synchrony Financial by 57.1% during the second quarter. Amalgamated Bank now owns 91,027 shares of the financial services provider’s stock valued at $2,714,000 after buying an additional 33,101 shares in the last quarter. Finally, Pinebridge Investments L.P. lifted its stake in Synchrony Financial by 2,700.9% during the second quarter. Pinebridge Investments L.P. now owns 219,057 shares of the financial services provider’s stock valued at $6,532,000 after buying an additional 211,236 shares in the last quarter. 87.23% of the stock is owned by institutional investors.

Synchrony Financial (SYF) opened at $33.86 on Tuesday. Synchrony Financial has a twelve month low of $26.01 and a twelve month 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. The company has a market capitalization of $26,500.00, a P/E ratio of 12.92, a price-to-earnings-growth ratio of 1.70 and a beta of 1.02.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results on Friday, October 20th. The financial services provider reported $0.70 EPS for the quarter, beating the consensus estimate of $0.64 by $0.06. Synchrony Financial had a return on equity of 14.84% and a net margin of 13.17%. The company had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter last year, the company posted $0.73 earnings per share. equities research analysts forecast that Synchrony Financial will post 2.59 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 6th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.60 annualized dividend and a yield of 1.77%. Synchrony Financial’s dividend payout ratio (DPR) is presently 22.81%.

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In other news, insider Jonathan S. Mothner sold 1,500 shares of the firm’s stock in a transaction on Monday, October 30th. The shares were 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 in the company, valued at $3,739,313.88. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jonathan S. Mothner sold 1,000 shares of the firm’s stock in a transaction on 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 disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.

SYF has been the subject of a number of analyst reports. TheStreet raised shares of Synchrony Financial from a “c” rating to a “b” rating in a research note on Monday, July 31st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $39.00 price objective on shares of Synchrony Financial in a research note on Thursday, October 12th. BMO Capital Markets reaffirmed a “buy” rating and set a $40.00 price objective on shares of Synchrony Financial in a research note on Friday, August 25th. Jefferies Group LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of Synchrony Financial in a research note on Thursday, September 21st. Finally, Barclays PLC set a $40.00 price objective on shares of Synchrony Financial and gave the company a “buy” rating in a research note on Monday, October 23rd. Twelve analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $36.77.

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.

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

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