Synchrony Financial (SYF) Shares Sold by Earnest Partners LLC

Earnest Partners LLC trimmed its holdings in shares of Synchrony Financial (NYSE:SYF) by 4.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,035,791 shares of the financial services provider’s stock after selling 43,063 shares during the period. Earnest Partners LLC owned approximately 0.13% of Synchrony Financial worth $32,161,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the business. Federated Investors Inc. PA boosted its holdings in shares of Synchrony Financial by 0.6% during the 2nd quarter. Federated Investors Inc. PA now owns 26,333 shares of the financial services provider’s stock worth $786,000 after buying an additional 166 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Synchrony Financial by 9.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,387 shares of the financial services provider’s stock worth $160,000 after buying an additional 486 shares in the last quarter. Horan Capital Advisors LLC. boosted its holdings in shares of Synchrony Financial by 0.5% during the 2nd quarter. Horan Capital Advisors LLC. now owns 100,524 shares of the financial services provider’s stock worth $2,998,000 after buying an additional 525 shares in the last quarter. Wedbush Securities Inc. boosted its holdings in shares of Synchrony Financial by 8.4% during the 2nd quarter. Wedbush Securities Inc. now owns 8,978 shares of the financial services provider’s stock worth $268,000 after buying an additional 695 shares in the last quarter. Finally, Conning Inc. boosted its holdings in shares of Synchrony Financial by 4.2% during the 2nd quarter. Conning Inc. now owns 17,613 shares of the financial services provider’s stock worth $525,000 after buying an additional 710 shares in the last quarter. Hedge funds and other institutional investors own 85.77% of the company’s stock.

A number of equities analysts have issued reports on the company. Wedbush set a $41.00 price target on Synchrony Financial and gave the stock a “hold” rating in a report on Monday. JMP Securities upped their target price on Synchrony Financial from $35.00 to $37.00 and gave the stock a “market outperform” rating in a research report on Monday, October 23rd. Barclays set a $40.00 target price on Synchrony Financial and gave the stock a “buy” rating in a research report on Monday, October 23rd. Zacks Investment Research raised Synchrony Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, October 23rd. Finally, Wells Fargo & Company upped their target price on Synchrony Financial from $33.00 to $35.00 and gave the stock a “market perform” rating in a research report on Monday, October 23rd. Twelve research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $37.35.

In related news, insider David P. Melito sold 1,881 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $38.00, for a total value of $71,478.00. Following the completion of the sale, the insider now directly owns 43,140 shares of the company’s stock, valued at approximately $1,639,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Olympia J. Snowe purchased 3,000 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was bought at an average cost of $33.40 per share, with a total value of $100,200.00. Following the completion of the transaction, the director now directly owns 10,608 shares in the company, valued at approximately $354,307.20. The disclosure for this purchase can be found here. Insiders sold a total of 6,961 shares of company stock valued at $244,508 over the last three months. 0.03% of the stock is currently owned by insiders.

Synchrony Financial (SYF) traded up $0.16 during midday trading on Monday, reaching $37.50. The company had a trading volume of 7,833,900 shares, compared to its average volume of 7,062,979. The stock has a market cap of $29,347.19, a price-to-earnings ratio of 14.31, a P/E/G ratio of 1.89 and a beta of 1.06. Synchrony Financial has a twelve month low of $26.01 and a twelve month high of $38.06. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.47 and a quick ratio of 1.47.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings results on Friday, October 20th. The financial services provider reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.06. The business had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.78 billion. Synchrony Financial had a return on equity of 14.84% and a net margin of 13.17%. During the same period in the prior year, the firm posted $0.73 EPS. research analysts anticipate that Synchrony Financial will post 2.59 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, November 6th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend was Friday, November 3rd. Synchrony Financial’s payout ratio is currently 22.90%.

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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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