Mason Street Advisors LLC reduced its holdings in shares of Synchrony Financial (NYSE:SYF) by 3.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 86,957 shares of the financial services provider’s stock after selling 3,487 shares during the period. Mason Street Advisors LLC’s holdings in Synchrony Financial were worth $2,964,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Nuveen Asset Management LLC lifted its stake in shares of Synchrony Financial by 14,246.0% in 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 acquiring an additional 8,321,387 shares during the period. AQR Capital Management LLC lifted its stake in shares of Synchrony Financial by 26.2% in the second quarter. AQR Capital Management LLC now owns 13,694,041 shares of the financial services provider’s stock valued at $472,034,000 after purchasing an additional 2,845,615 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Synchrony Financial by 263.0% in the third quarter. Assenagon Asset Management S.A. now owns 2,110,162 shares of the financial services provider’s stock valued at $71,935,000 after purchasing an additional 1,528,866 shares during the period. Vanguard Group Inc. lifted its stake in shares of Synchrony Financial by 2.8% in the second quarter. Vanguard Group Inc. now owns 55,339,419 shares of the financial services provider’s stock valued at $1,918,618,000 after purchasing an additional 1,497,768 shares during the period. Finally, Panagora Asset Management Inc. lifted its stake in shares of Synchrony Financial by 51.1% in the second quarter. Panagora Asset Management Inc. now owns 4,081,292 shares of the financial services provider’s stock valued at $141,498,000 after purchasing an additional 1,379,897 shares during the period. 88.75% of the stock is currently owned by institutional investors.

SYF has been the subject of several recent analyst reports. Oppenheimer set a $39.00 price objective on shares of Synchrony Financial and gave the company a “buy” rating in a research note on Tuesday, October 15th. BTIG Research reiterated a “buy” rating and issued a $42.00 price objective on shares of Synchrony Financial in a research note on Monday, July 22nd. BMO Capital Markets set a $43.00 price objective on shares of Synchrony Financial and gave the company a “buy” rating in a research note on Sunday, July 21st. ValuEngine cut shares of Synchrony Financial from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, Buckingham Research initiated coverage on shares of Synchrony Financial in a research note on Monday, July 22nd. They issued a “buy” rating and a $42.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company. Synchrony Financial presently has a consensus rating of “Buy” and a consensus target price of $38.92.

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

SYF traded up $0.10 during midday trading on Thursday, reaching $36.66. 32,464 shares of the company’s stock were exchanged, compared to its average volume of 4,981,062. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.38 and a quick ratio of 1.26. The stock has a market capitalization of $23.84 billion, a PE ratio of 9.81, a P/E/G ratio of 0.93 and a beta of 1.16. The business’s 50-day moving average price is $34.47 and its 200 day moving average price is $34.37. Synchrony Financial has a 1-year low of $21.77 and a 1-year high of $37.33.

Synchrony Financial (NYSE:SYF) last announced its earnings results on Friday, October 18th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.10. The company had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $4.33 billion. Synchrony Financial had a net margin of 19.54% and a return on equity of 20.05%. During the same quarter in the previous year, the business posted $0.91 earnings per share. As a group, analysts expect that Synchrony Financial will post 4.25 EPS for the current fiscal year.

The company also recently declared 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. The ex-dividend date of this dividend is Friday, November 1st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.40%. Synchrony Financial’s dividend payout ratio (DPR) is presently 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.

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

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