Polianta Ltd Raises Stake in Synchrony Financial (SYF)

Polianta Ltd raised its position in shares of Synchrony Financial (NYSE:SYF) by 12.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,400 shares of the financial services provider’s stock after acquiring an additional 3,800 shares during the period. Polianta Ltd’s holdings in Synchrony Financial were worth $1,366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SYF. Vanguard Group Inc. grew its position in Synchrony Financial by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 52,233,692 shares of the financial services provider’s stock valued at $1,557,609,000 after acquiring an additional 956,331 shares during the last quarter. FMR LLC lifted its holdings in shares of Synchrony Financial by 27.1% in the 2nd quarter. FMR LLC now owns 36,964,054 shares of the financial services provider’s stock worth $1,102,267,000 after buying an additional 7,874,689 shares during the period. First Eagle Investment Management LLC lifted its holdings in shares of Synchrony Financial by 2.1% in the 3rd quarter. First Eagle Investment Management LLC now owns 17,666,015 shares of the financial services provider’s stock worth $548,530,000 after buying an additional 362,810 shares during the period. Berkshire Hathaway Inc. purchased a new stake in shares of Synchrony Financial in the 2nd quarter worth $520,747,000. Finally, CI Investments Inc. lifted its holdings in shares of Synchrony Financial by 7.5% in the 3rd quarter. CI Investments Inc. now owns 10,960,562 shares of the financial services provider’s stock worth $340,325,000 after buying an additional 766,368 shares during the period. 85.57% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Synchrony Financial (NYSE:SYF) traded down $0.73 on Tuesday, reaching $38.64. The company’s stock had a trading volume of 4,270,711 shares, compared to its average volume of 5,538,178. 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 $40.17. The firm has a market capitalization of $30,250.00, a price-to-earnings ratio of 14.69, a P/E/G ratio of 1.55 and a beta of 1.06.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Friday, October 20th. The financial services provider reported $0.70 EPS for the quarter, beating the consensus estimate of $0.64 by $0.06. The company had revenue of $3.88 billion for 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 last year, the company earned $0.73 earnings per share. analysts anticipate that Synchrony Financial will post 2.57 earnings per share for the current fiscal year.

Several equities research analysts have weighed in on SYF shares. Jefferies Group increased their price target on Synchrony Financial to $44.00 and gave the company a “top pick” rating in a research note on Friday, December 1st. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $39.00 price target on shares of Synchrony Financial in a research note on Thursday, October 12th. Bank of America upgraded Synchrony Financial from a “neutral” rating to a “buy” rating in a research note on Monday, December 18th. Barclays set a $55.00 price target on Synchrony Financial and gave the company a “buy” rating in a research note on Thursday, January 11th. Finally, Wedbush set a $41.00 price objective on Synchrony Financial and gave the company a “hold” rating in a report on Monday, December 11th. Ten equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Synchrony Financial has an average rating of “Buy” and an average target price of $38.40.

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 transaction 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 legal filing with the SEC, which is available through this hyperlink. Also, insider David P. Melito sold 2,000 shares of the firm’s stock in a transaction on 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 directly owns 39,259 shares of the company’s stock, valued at approximately $1,570,360. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,961 shares of company stock worth $324,508. Company 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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