Russell Investments Group Ltd. Has $36.76 Million Position in Synchrony Financial (NYSE:SYF)

Russell Investments Group Ltd. grew its stake in Synchrony Financial (NYSE:SYF – Get Rating) by 30.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,303,702 shares of the financial services provider’s stock after buying an additional 303,877 shares during the period. Russell Investments Group Ltd.’s holdings in Synchrony Financial were worth $36,759,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MidWestOne Financial Group Inc. boosted its stake in shares of Synchrony Financial by 0.9% in the 2nd quarter. MidWestOne Financial Group Inc. now owns 33,260 shares of the financial services provider’s stock valued at $918,000 after purchasing an additional 302 shares during the last quarter. Brighton Jones LLC lifted its stake in shares of Synchrony Financial by 1.3% in the 2nd quarter. Brighton Jones LLC now owns 23,920 shares of the financial services provider’s stock valued at $661,000 after purchasing an additional 314 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its stake in Synchrony Financial by 2.3% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,310 shares of the financial services provider’s stock worth $423,000 after purchasing an additional 351 shares during the period. Veriti Management LLC increased its holdings in Synchrony Financial by 3.9% in the second quarter. Veriti Management LLC now owns 9,535 shares of the financial services provider’s stock worth $263,000 after purchasing an additional 356 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Synchrony Financial by 13.1% during the 2nd quarter. Exchange Traded Concepts LLC now owns 3,569 shares of the financial services provider’s stock worth $99,000 after buying an additional 414 shares in the last quarter. 95.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SYF has been the topic of several research analyst reports. StockNews.com lowered shares of Synchrony Financial from a “buy” rating to a “hold” rating in a research note on Thursday, October 20th. UBS Group initiated coverage on Synchrony Financial in a research note on Monday, November 21st. They set a “neutral” rating and a $42.00 price target on the stock. Barclays lowered shares of Synchrony Financial from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $41.00 to $38.00 in a research note on Friday, January 6th. JPMorgan Chase & Co. dropped their price target on shares of Synchrony Financial from $39.00 to $36.00 in a research report on Tuesday, January 10th. Finally, The Goldman Sachs Group boosted their target price on shares of Synchrony Financial from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, October 26th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Synchrony Financial has an average rating of “Hold” and an average target price of $39.27.

Synchrony Financial Trading Up 2.3 %

NYSE SYF opened at $35.37 on Wednesday. The firm has a market capitalization of $15.94 billion, a PE ratio of 5.60, a P/E/G ratio of 0.98 and a beta of 1.61. The stock’s 50 day moving average is $34.25 and its 200 day moving average is $33.43. Synchrony Financial has a twelve month low of $27.22 and a twelve month high of $47.05. The company has a quick ratio of 1.21, a current ratio of 1.20 and a debt-to-equity ratio of 1.17.

Synchrony Financial (NYSE:SYF – Get Rating) last released its earnings results on Monday, January 23rd. The financial services provider reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.14. Synchrony Financial had a net margin of 17.51% and a return on equity of 24.07%. The firm had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.04 billion. During the same period in the prior year, the firm earned $1.48 EPS. Research analysts forecast that Synchrony Financial will post 5.02 earnings per share for the current fiscal year.

Insider Activity at Synchrony Financial

In other news, insider Margaret M. Keane sold 68,369 shares of the stock in a transaction on Monday, November 28th. The stock was sold at an average price of $36.50, for a total value of $2,495,468.50. Following the sale, the insider now directly owns 762,786 shares of the company’s stock, valued at $27,841,689. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Carol Juel sold 31,303 shares of the company’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $40.00, for a total transaction of $1,252,120.00. Following the transaction, the insider now directly owns 55,929 shares of the company’s stock, valued at $2,237,160. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Margaret M. Keane sold 68,369 shares of the business’s stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $36.50, for a total value of $2,495,468.50. Following the completion of the transaction, the insider now directly owns 762,786 shares of the company’s stock, valued at approximately $27,841,689. The disclosure for this sale can be found here. 0.55% of the stock is owned by corporate insiders.

Synchrony Financial Profile

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Synchrony Financial engages in the provision of consumer financial services. It operates through three sales platforms: Retail Card, Payment Solutions, and CareCredit. The Retail Card platform is a provider of private label credit cards, and also provides Dual Cards and small-and medium-sized business credit products.