Unigestion Holding SA boosted its holdings in Synchrony Financial (NYSE:SYF) by 29.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,007 shares of the financial services provider’s stock after acquiring an additional 2,063 shares during the period. Unigestion Holding SA’s holdings in Synchrony Financial were worth $307,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Synchrony Financial by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 55,339,419 shares of the financial services provider’s stock valued at $1,918,618,000 after acquiring an additional 1,497,768 shares during the period. AQR Capital Management LLC increased its position in Synchrony Financial by 26.2% during the 2nd quarter. AQR Capital Management LLC now owns 13,694,041 shares of the financial services provider’s stock worth $472,034,000 after buying an additional 2,845,615 shares during the period. APG Asset Management N.V. increased its position in Synchrony Financial by 6.9% during the 2nd quarter. APG Asset Management N.V. now owns 11,007,486 shares of the financial services provider’s stock worth $335,116,000 after buying an additional 714,200 shares during the period. Nuveen Asset Management LLC increased its position in Synchrony Financial by 14,246.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 8,379,799 shares of the financial services provider’s stock worth $290,527,000 after buying an additional 8,321,387 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Synchrony Financial by 14.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,257,139 shares of the financial services provider’s stock worth $145,978,000 after buying an additional 541,423 shares during the period. Institutional investors and hedge funds own 88.76% of the company’s stock.

SYF has been the topic of several recent research reports. BTIG Research reiterated a “buy” rating and set a $42.00 price objective on shares of Synchrony Financial in a research report on Monday, July 22nd. Nomura set a $43.00 price objective on Synchrony Financial and gave the stock a “buy” rating in a research report on Monday, October 21st. Oppenheimer set a $39.00 price objective on Synchrony Financial and gave the stock a “buy” rating in a research report on Tuesday, October 15th. BMO Capital Markets set a $43.00 price objective on Synchrony Financial and gave the stock a “buy” rating in a research report on Sunday, July 21st. Finally, Buckingham Research initiated coverage on Synchrony Financial in a research report on Monday, July 22nd. They set a “buy” rating and a $42.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. Synchrony Financial currently has a consensus rating of “Buy” and an average price target of $38.92.

In other news, Director Will W. Graylin sold 7,500 shares of the stock in a transaction on Monday, September 30th. The stock was sold at an average price of $33.71, for a total transaction of $252,825.00. Following the sale, the director now directly owns 76,662 shares of the company’s stock, valued at approximately $2,584,276.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.32% of the company’s stock.

Shares of SYF traded down $0.02 during trading hours on Friday, hitting $36.94. 3,898,564 shares of the company were exchanged, compared to its average volume of 5,632,108. The company has a market cap of $23.88 billion, a price-to-earnings ratio of 9.88, a P/E/G ratio of 0.91 and a beta of 1.16. Synchrony Financial has a fifty-two week low of $21.77 and a fifty-two week high of $37.33. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 1.35. The firm’s fifty day moving average is $34.24 and its 200 day moving average is $34.30.

Synchrony Financial (NYSE:SYF) last released its earnings results on Friday, October 18th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.10. The company had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.33 billion. Synchrony Financial had a return on equity of 20.05% and a net margin of 19.54%. During the same period in the prior year, the firm posted $0.91 EPS. Analysts anticipate that Synchrony Financial will post 4.25 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, November 4th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Friday, November 1st. Synchrony Financial’s dividend payout ratio (DPR) is currently 23.53%.

Synchrony Financial Company 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.

Further Reading: What are some reasons analysts would give stocks a buy rating?

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

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