Compagnie Lombard Odier SCmA decreased its holdings in shares of Synchrony Financial (NYSE:SYF) by 1.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 885,243 shares of the financial services provider’s stock after selling 11,465 shares during the period. Synchrony Financial accounts for about 1.2% of Compagnie Lombard Odier SCmA’s portfolio, making the stock its 20th largest position. Compagnie Lombard Odier SCmA owned 0.11% of Synchrony Financial worth $34,179,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the company. Harbour Capital Advisors LLC boosted its stake in Synchrony Financial by 4.5% in the 4th quarter. Harbour Capital Advisors LLC now owns 32,630 shares of the financial services provider’s stock worth $1,260,000 after purchasing an additional 1,405 shares in the last quarter. BB&T Corp increased its holdings in shares of Synchrony Financial by 4.5% during the 4th quarter. BB&T Corp now owns 33,086 shares of the financial services provider’s stock valued at $1,277,000 after purchasing an additional 1,417 shares in the last quarter. Carnick & Kubik Group LLC increased its holdings in shares of Synchrony Financial by 3.7% during the 4th quarter. Carnick & Kubik Group LLC now owns 41,991 shares of the financial services provider’s stock valued at $1,621,000 after purchasing an additional 1,509 shares in the last quarter. Westchester Capital Management Inc. increased its holdings in shares of Synchrony Financial by 0.6% during the 4th quarter. Westchester Capital Management Inc. now owns 252,146 shares of the financial services provider’s stock valued at $9,735,000 after purchasing an additional 1,515 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its holdings in Synchrony Financial by 8.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 19,536 shares of the financial services provider’s stock worth $607,000 after acquiring an additional 1,571 shares in the last quarter. Institutional investors and hedge funds own 88.63% of the company’s stock.
In other news, insider Thomas M. Quindlen sold 10,712 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $36.73, for a total transaction of $393,451.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David P. Melito sold 2,000 shares of the company’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $40.00, for a total value of $80,000.00. Following the sale, the insider now owns 39,259 shares of the company’s stock, valued at approximately $1,570,360. The disclosure for this sale can be found here. Insiders have sold 25,850 shares of company stock worth $955,616 over the last ninety days. 0.03% of the stock is owned by insiders.
SYF has been the topic of several recent research reports. Barclays set a $53.00 target price on shares of Synchrony Financial and gave the stock a “buy” rating in a research note on Monday, January 22nd. Zacks Investment Research raised shares of Synchrony Financial from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Wednesday, January 31st. Jefferies Group reaffirmed a “buy” rating and issued a $44.00 target price on shares of Synchrony Financial in a research report on Tuesday, December 26th. Bank of America upgraded shares of Synchrony Financial from a “neutral” rating to a “buy” rating in a research note on Monday, December 18th. Finally, BTIG Research reiterated a “buy” rating and set a $44.00 price target on shares of Synchrony Financial in a research note on Sunday, December 17th. Ten analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Synchrony Financial currently has an average rating of “Buy” and a consensus price target of $38.32.
SYF stock opened at $35.40 on Wednesday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.45 and a current ratio of 1.45. Synchrony Financial has a 12-month low of $26.01 and a 12-month high of $40.59. The stock has a market capitalization of $26,759.64, a P/E ratio of 14.69, a P/E/G ratio of 1.36 and a beta of 1.07.
Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data on Friday, January 19th. The financial services provider reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.07. The business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.96 billion. Synchrony Financial had a return on equity of 14.62% and a net margin of 11.75%. During the same quarter in the prior year, the firm posted $0.70 earnings per share. equities analysts forecast that Synchrony Financial will post 3.39 earnings per share for the current fiscal year.
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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.
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