Public Employees Retirement System of Ohio lessened its stake in shares of Synchrony Financial (NYSE:SYF) by 5.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 335,237 shares of the financial services provider’s stock after selling 17,740 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Synchrony Financial were worth $10,409,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in SYF. Berkshire Hathaway Inc. acquired a new position in Synchrony Financial during the second quarter worth $520,747,000. Janus Henderson Group PLC grew its holdings 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 worth $326,070,000 after acquiring an additional 10,365,219 shares during the period. FMR LLC grew its holdings in Synchrony Financial by 27.1% during the second quarter. FMR LLC now owns 36,964,054 shares of the financial services provider’s stock worth $1,102,267,000 after acquiring an additional 7,874,689 shares during the period. Capital World Investors acquired a new position in Synchrony Financial during the second quarter worth $202,269,000. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in Synchrony Financial by 2,777.1% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,109,742 shares of the financial services provider’s stock worth $128,144,000 after acquiring an additional 3,966,900 shares during the period. Institutional investors and hedge funds own 85.47% of the company’s stock.

Shares of Synchrony Financial (SYF) opened at $38.18 on Wednesday. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.47 and a quick ratio of 1.47. The firm has a market capitalization of $29,880.00, a price-to-earnings ratio of 14.70, a price-to-earnings-growth ratio of 1.95 and a beta of 1.06. Synchrony Financial has a twelve month low of $26.01 and a twelve month high of $38.97.

Synchrony Financial (NYSE:SYF) last posted its earnings results on Friday, October 20th. The financial services provider reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.06. The company had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.78 billion. Synchrony Financial had a return on equity of 14.84% and a net margin of 13.17%. During the same quarter in the prior year, the company earned $0.73 earnings per share. equities research analysts forecast that Synchrony Financial will post 2.58 EPS for the current fiscal year.

A number of research analysts recently weighed in on the company. Bank of America raised Synchrony Financial from a “neutral” rating to a “buy” rating in a report on Monday. BTIG Research reaffirmed a “buy” rating and set a $44.00 price objective on shares of Synchrony Financial in a report on Sunday. Barclays set a $53.00 price objective on Synchrony Financial and gave the stock a “buy” rating in a report on Tuesday, December 12th. Wedbush set a $41.00 price objective on Synchrony Financial and gave the stock a “hold” rating in a report on Monday, December 11th. Finally, Jefferies Group upped their price objective on Synchrony Financial to $44.00 and gave the stock a “top pick” rating in a report on Friday, December 1st. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Synchrony Financial currently has an average rating of “Buy” and an average target price of $38.30.

In other Synchrony Financial news, insider David P. Melito sold 1,881 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $38.00, for a total value of $71,478.00. Following the sale, the insider now owns 43,140 shares of the company’s stock, valued at $1,639,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Olympia J. Snowe bought 3,000 shares of the stock in a transaction on Friday, November 17th. The stock was purchased at an average cost of $33.40 per share, for a total transaction of $100,200.00. Following the acquisition, the director now directly owns 10,608 shares of the company’s stock, valued at approximately $354,307.20. The disclosure for this purchase can be found here. Insiders sold 6,961 shares of company stock worth $244,508 in the last three months. 0.03% of the stock is owned by corporate insiders.

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Synchrony Financial Company 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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