TRUE Private Wealth Advisors acquired a new position in shares of Synchrony Financial (NYSE:SYF) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,306 shares of the financial services provider’s stock, valued at approximately $204,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Bancorpsouth Inc. lifted its stake in shares of Synchrony Financial by 9.4% during the second quarter. Bancorpsouth Inc. now owns 8,589 shares of the financial services provider’s stock worth $256,000 after purchasing an additional 741 shares in the last quarter. Westside Investment Management Inc. increased its position in shares of Synchrony Financial by 32.1% during the second quarter. Westside Investment Management Inc. now owns 3,567 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 867 shares during the last quarter. Advisor Group Inc. increased its position in shares of Synchrony Financial by 14.6% during the second quarter. Advisor Group Inc. now owns 11,015 shares of the financial services provider’s stock worth $329,000 after acquiring an additional 1,400 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in shares of Synchrony Financial by 8.7% during the third quarter. Oppenheimer & Co. Inc. now owns 19,536 shares of the financial services provider’s stock worth $607,000 after acquiring an additional 1,571 shares during the last quarter. Finally, Nippon Life Insurance Co. increased its position in shares of Synchrony Financial by 4.7% during the third quarter. Nippon Life Insurance Co. now owns 35,111 shares of the financial services provider’s stock worth $1,090,000 after acquiring an additional 1,575 shares during the last quarter. Institutional investors own 85.57% of the company’s stock.

Shares of Synchrony Financial (SYF) opened at $38.47 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $30,106.31, a PE ratio of 14.68, a P/E/G ratio of 1.47 and a beta of 1.06. Synchrony Financial has a fifty-two week low of $26.01 and a fifty-two week high of $40.17.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data on Friday, January 19th. The financial services provider reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.07. The firm had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.96 billion. Synchrony Financial had a return on equity of 14.84% and a net margin of 13.17%. During the same period in the previous year, the company earned $0.70 earnings per share. equities analysts anticipate that Synchrony Financial will post 3.42 EPS for the current year.

In other news, Director Laurel Richie acquired 1,000 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was purchased at an average cost of $34.20 per share, with a total value of $34,200.00. Following the completion of the acquisition, the director now directly owns 8,608 shares in the company, valued at $294,393.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Olympia J. Snowe acquired 3,000 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was purchased at an average cost of $33.40 per share, with a total value of $100,200.00. Following the completion of the acquisition, the director now owns 10,608 shares of the company’s stock, valued at $354,307.20. The disclosure for this purchase can be found here. Over the last three months, insiders sold 7,961 shares of company stock valued at $291,008. 0.03% of the stock is owned by corporate insiders.

A number of brokerages have recently issued reports on SYF. Barclays set a $55.00 target price on Synchrony Financial and gave the stock a “buy” rating in a research report on Thursday, January 11th. Wells Fargo & Co raised Synchrony Financial from a “market perform” rating to an “outperform” rating and set a $35.00 target price on the stock in a research report on Tuesday, January 9th. Jefferies Group reaffirmed a “buy” rating and set a $44.00 target price on shares of Synchrony Financial in a research report on Tuesday, December 26th. Bank of America raised Synchrony Financial from a “neutral” rating to a “buy” rating in a research report on Monday, December 18th. Finally, BTIG Research reaffirmed a “buy” rating and set a $44.00 target price on shares of Synchrony Financial in a research report on Sunday, December 17th. Ten research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $38.40.

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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.

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

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