Raymond James Financial Services Advisors Inc. Has $14.48 Million Position in Synchrony Financial (SYF)

Raymond James Financial Services Advisors Inc. lifted its stake in shares of Synchrony Financial (NYSE:SYF) by 13.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 466,387 shares of the financial services provider’s stock after buying an additional 56,959 shares during the period. Raymond James Financial Services Advisors Inc. owned about 0.06% of Synchrony Financial worth $14,481,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Westside Investment Management Inc. lifted its holdings in Synchrony Financial by 32.1% during the second quarter. Westside Investment Management Inc. now owns 3,567 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 867 shares during the period. First Quadrant L P CA lifted its holdings in Synchrony Financial by 55.4% during the second quarter. First Quadrant L P CA now owns 3,726 shares of the financial services provider’s stock worth $111,000 after acquiring an additional 1,328 shares during the period. Benjamin F. Edwards & Company Inc. lifted its holdings in Synchrony Financial by 39.0% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,560 shares of the financial services provider’s stock worth $136,000 after acquiring an additional 1,280 shares during the period. State of Alaska Department of Revenue lifted its holdings in Synchrony Financial by 19.7% during the second quarter. State of Alaska Department of Revenue now owns 5,338 shares of the financial services provider’s stock worth $159,000 after acquiring an additional 880 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Synchrony Financial by 9.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,387 shares of the financial services provider’s stock worth $160,000 after acquiring an additional 486 shares during the period. 88.32% of the stock is currently owned by institutional investors.



A number of analysts recently commented on SYF shares. JMP Securities lifted their price target on Synchrony Financial from $35.00 to $37.00 and gave the stock a “market outperform” rating in a report on Monday, October 23rd. Wells Fargo & Company lifted their price target on Synchrony Financial from $33.00 to $35.00 and gave the stock a “market perform” rating in a report on Monday, October 23rd. Bank of America Corporation lowered Synchrony Financial from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $35.00 to $33.00 in a report on Friday, October 6th. Morgan Stanley lowered Synchrony Financial from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $35.00 to $32.00 in a report on Friday, September 8th. Finally, Zacks Investment Research lowered 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 assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $36.77.

Shares of Synchrony Financial (NYSE SYF) opened at $33.86 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.47 and a current ratio of 1.47. Synchrony Financial has a one year low of $26.01 and a one year high of $38.06. The stock has a market capitalization of $26,498.56, a price-to-earnings ratio of 12.92, a P/E/G ratio of 1.40 and a beta of 1.02.

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

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, November 6th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.77%. Synchrony Financial’s payout ratio is 22.90%.

In related news, insider Jonathan S. Mothner sold 1,000 shares of the business’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $33.50, for a total transaction of $33,500.00. Following the sale, the insider now directly owns 113,578 shares in the company, valued at approximately $3,804,863. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jonathan S. Mothner sold 1,500 shares of the business’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 sale, the insider now owns 113,934 shares in the company, valued at $3,739,313.88. The disclosure for this sale can be found here. Insiders own 0.03% of the company’s stock.

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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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