Kentucky Retirement Systems Has $1.53 Million Position in Synchrony Financial (NYSE:SYF)

Kentucky Retirement Systems raised its stake in Synchrony Financial (NYSE:SYFGet Rating) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 33,053 shares of the financial services provider’s stock after buying an additional 745 shares during the period. Kentucky Retirement Systems’ holdings in Synchrony Financial were worth $1,533,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new position in shares of Synchrony Financial during the third quarter valued at approximately $104,000. Dynamic Advisor Solutions LLC raised its stake in Synchrony Financial by 19.8% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 8,436 shares of the financial services provider’s stock valued at $412,000 after acquiring an additional 1,392 shares during the period. Signaturefd LLC raised its stake in Synchrony Financial by 3.9% in the 3rd quarter. Signaturefd LLC now owns 6,904 shares of the financial services provider’s stock valued at $337,000 after acquiring an additional 261 shares during the period. Banque Cantonale Vaudoise increased its position in shares of Synchrony Financial by 3.3% during the third quarter. Banque Cantonale Vaudoise now owns 31,100 shares of the financial services provider’s stock valued at $1,521,000 after buying an additional 1,000 shares during the period. Finally, Foster & Motley Inc. increased its position in shares of Synchrony Financial by 67.1% during the third quarter. Foster & Motley Inc. now owns 28,170 shares of the financial services provider’s stock valued at $1,377,000 after buying an additional 11,310 shares during the period. Hedge funds and other institutional investors own 93.86% of the company’s stock.

In other news, insider David P. Melito sold 9,351 shares of the company’s stock in a transaction dated Thursday, January 27th. The stock was sold at an average price of $46.05, for a total value of $430,613.55. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.44% of the stock is currently owned by corporate insiders.

Shares of SYF traded up $2.33 during trading hours on Monday, hitting $40.03. The company had a trading volume of 10,402,266 shares, compared to its average volume of 7,028,910. The company has a market capitalization of $20.26 billion, a PE ratio of 5.51, a price-to-earnings-growth ratio of 0.29 and a beta of 1.60. The company has a current ratio of 1.25, a quick ratio of 1.19 and a debt-to-equity ratio of 1.12. Synchrony Financial has a one year low of $33.76 and a one year high of $52.49. The company’s fifty day moving average price is $38.66 and its two-hundred day moving average price is $44.38.

Synchrony Financial (NYSE:SYFGet Rating) last released its quarterly earnings results on Monday, April 18th. The financial services provider reported $1.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.23. Synchrony Financial had a return on equity of 30.77% and a net margin of 27.27%. During the same period last year, the business posted $1.73 earnings per share. Analysts forecast that Synchrony Financial will post 5.66 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 15th. Investors of record on Thursday, February 10th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend was Wednesday, February 9th. Synchrony Financial’s dividend payout ratio is currently 12.01%.

Several research analysts recently weighed in on the stock. Bank of America decreased their price objective on shares of Synchrony Financial from $52.00 to $45.00 in a research report on Thursday, March 17th. JPMorgan Chase & Co. dropped their price target on Synchrony Financial from $55.00 to $51.00 in a research note on Wednesday, January 19th. The Goldman Sachs Group dropped their price target on Synchrony Financial from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, April 4th. Stephens dropped their price target on Synchrony Financial from $58.00 to $54.00 and set an “equal weight” rating for the company in a research note on Monday, January 31st. Finally, StockNews.com started coverage on Synchrony Financial in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Nine analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Synchrony Financial presently has an average rating of “Buy” and a consensus price target of $52.53.

About Synchrony Financial (Get Rating)

Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products, and consumer installment loans. The company also offers private label credit cards, dual cards, co-brand and general purpose credit cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts to retail and commercial customers, as well as accepts deposits through third-party securities brokerage firms.

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

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