Retirement Systems of Alabama Has $11.26 Million Position in Synchrony Financial (SYF)

Retirement Systems of Alabama lessened its stake in shares of Synchrony Financial (NYSE:SYF) by 2.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 362,710 shares of the financial services provider’s stock after selling 10,749 shares during the quarter. Retirement Systems of Alabama’s holdings in Synchrony Financial were worth $11,262,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Westside Investment Management Inc. lifted its position in shares of Synchrony Financial by 32.1% during the 2nd quarter. Westside Investment Management Inc. now owns 3,567 shares of the financial services provider’s stock worth $104,000 after buying an additional 867 shares during the period. First Quadrant L P CA increased its holdings in Synchrony Financial by 55.4% during the 2nd quarter. First Quadrant L P CA now owns 3,726 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 1,328 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in Synchrony Financial by 39.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,560 shares of the financial services provider’s stock valued at $136,000 after purchasing an additional 1,280 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in Synchrony Financial by 19.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,338 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 880 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in 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 valued at $160,000 after purchasing an additional 486 shares in the last quarter. Institutional investors and hedge funds own 88.32% of the company’s stock.



A number of equities research analysts recently weighed in on SYF shares. JMP Securities raised their price target on Synchrony Financial from $35.00 to $37.00 and gave the company a “market outperform” rating in a report on Monday, October 23rd. Bank of America Corporation cut Synchrony Financial from a “buy” rating to a “neutral” rating and dropped their price target for the company from $35.00 to $33.00 in a report on Friday, October 6th. Wells Fargo & Company raised their price target on Synchrony Financial from $33.00 to $35.00 and gave the company a “market perform” rating in a report on Monday, October 23rd. Morgan Stanley cut Synchrony Financial from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $35.00 to $32.00 in a report on Friday, September 8th. Finally, Zacks Investment Research cut Synchrony Financial from a “hold” rating to a “sell” rating in a report on Monday, September 25th. Twelve analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $36.77.

In other Synchrony Financial news, insider Jonathan S. Mothner sold 1,000 shares of the firm’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $33.50, for a total value of $33,500.00. Following the completion of the sale, the insider now owns 113,578 shares of the company’s stock, valued at $3,804,863. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jonathan S. Mothner sold 1,500 shares of the firm’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $32.82, for a total value of $49,230.00. Following the completion of the sale, the insider now directly owns 113,934 shares of the company’s stock, valued at approximately $3,739,313.88. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by company insiders.

Shares of Synchrony Financial (NYSE:SYF) opened at $33.86 on Friday. Synchrony Financial has a 52 week low of $26.01 and a 52 week high of $38.06. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market capitalization of $26,120.00, a price-to-earnings ratio of 12.43, a P/E/G ratio of 1.34 and a beta of 1.02.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data on Friday, October 20th. The financial services provider reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.06. Synchrony Financial had a net margin of 13.17% and a return on equity of 14.84%. The firm had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same period last year, the firm posted $0.73 EPS. analysts anticipate that Synchrony Financial will post 2.6 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 6th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend was Friday, November 3rd. Synchrony Financial’s dividend payout ratio (DPR) is currently 22.81%.

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About Synchrony Financial

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.

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

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