Tower Research Capital LLC TRC raised its stake in Synchrony Financial (NYSE:SYF) by 40.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 25,383 shares of the financial services provider’s stock after purchasing an additional 7,347 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Synchrony Financial were worth $789,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in SYF. FMR LLC raised its holdings in shares of Synchrony Financial by 15.4% during the second quarter. FMR LLC now owns 49,783,436 shares of the financial services provider’s stock valued at $1,661,772,000 after acquiring an additional 6,646,131 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Synchrony Financial by 17.7% during the second quarter. Janus Henderson Group PLC now owns 17,289,316 shares of the financial services provider’s stock valued at $577,116,000 after acquiring an additional 2,595,449 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Synchrony Financial by 138.2% during the second quarter. American Century Companies Inc. now owns 2,490,845 shares of the financial services provider’s stock valued at $83,144,000 after acquiring an additional 1,445,244 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Synchrony Financial by 85.9% during the second quarter. Millennium Management LLC now owns 1,960,956 shares of the financial services provider’s stock valued at $65,457,000 after acquiring an additional 906,308 shares in the last quarter. Finally, AGF Investments Inc. raised its holdings in shares of Synchrony Financial by 85.5% during the third quarter. AGF Investments Inc. now owns 1,651,399 shares of the financial services provider’s stock valued at $51,325,000 after acquiring an additional 761,157 shares in the last quarter. Hedge funds and other institutional investors own 84.31% of the company’s stock.

A number of brokerages recently commented on SYF. Bank of America downgraded Synchrony Financial from a “buy” rating to a “neutral” rating and set a $34.00 target price for the company. in a report on Wednesday, September 26th. ValuEngine upgraded Synchrony Financial from a “sell” rating to a “hold” rating in a report on Friday, September 14th. Zacks Investment Research upgraded Synchrony Financial from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a report on Monday, October 8th. BMO Capital Markets upped their target price on Synchrony Financial from $37.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, October 22nd. Finally, Oppenheimer restated a “hold” rating on shares of Synchrony Financial in a report on Monday, October 22nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $37.06.

Shares of SYF stock opened at $24.90 on Thursday. The firm has a market capitalization of $17.90 billion, a P/E ratio of 9.50, a PEG ratio of 0.67 and a beta of 1.02. Synchrony Financial has a twelve month low of $24.69 and a twelve month high of $40.59. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.40 and a current ratio of 1.40.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results on Friday, October 19th. The financial services provider reported $0.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.11. The company had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $4.18 billion. Synchrony Financial had a return on equity of 17.90% and a net margin of 13.70%. During the same period in the prior year, the firm earned $0.70 earnings per share. As a group, equities analysts anticipate that Synchrony Financial will post 3.54 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Monday, November 5th were paid a $0.21 dividend. The ex-dividend date was Friday, November 2nd. This represents a $0.84 annualized dividend and a yield of 3.37%. Synchrony Financial’s payout ratio is 32.06%.

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Synchrony Financial Profile

Synchrony Financial operates as a consumer financial services company in the United States. The company offers private label credit cards, dual cards, general purpose co-branded credit cards, and small and medium-sized business credit products; and promotional financing for consumer purchases, such as private label credit cards and installment loans.

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

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