California State Teachers Retirement System Trims Position in Synchrony Financial (SYF)

California State Teachers Retirement System lowered its stake in Synchrony Financial (NYSE:SYF) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,395,158 shares of the financial services provider’s stock after selling 16,208 shares during the quarter. California State Teachers Retirement System owned approximately 0.18% of Synchrony Financial worth $53,867,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the company. CI Investments Inc. boosted its position in shares of Synchrony Financial by 6.5% during the 4th quarter. CI Investments Inc. now owns 11,674,795 shares of the financial services provider’s stock valued at $450,764,000 after acquiring an additional 714,233 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of Synchrony Financial by 6.4% during the 4th quarter. UBS Asset Management Americas Inc. now owns 7,735,326 shares of the financial services provider’s stock valued at $298,661,000 after acquiring an additional 468,586 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Synchrony Financial by 30.3% during the 4th quarter. Bank of Montreal Can now owns 5,521,901 shares of the financial services provider’s stock valued at $213,200,000 after acquiring an additional 1,284,298 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Synchrony Financial by 14.7% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,712,842 shares of the financial services provider’s stock valued at $181,963,000 after acquiring an additional 603,100 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Synchrony Financial by 1.3% during the 3rd quarter. Legal & General Group Plc now owns 4,223,135 shares of the financial services provider’s stock valued at $131,135,000 after acquiring an additional 56,003 shares during the last quarter. Hedge funds and other institutional investors own 88.66% of the company’s stock.

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SYF has been the subject of a number of recent research reports. UBS initiated coverage on Synchrony Financial in a research report on Tuesday, March 27th. They issued a “sell” rating and a $32.00 target price for the company. Oppenheimer restated a “hold” rating on shares of Synchrony Financial in a research report on Monday, January 22nd. Bank of America upgraded Synchrony Financial from a “neutral” rating to a “buy” rating in a research report on Monday, December 18th. Barclays set a $55.00 price target on Synchrony Financial and gave the stock a “buy” rating in a research note on Thursday, January 11th. Finally, Wedbush set a $41.00 price target on Synchrony Financial and gave the stock a “hold” rating in a research note on Monday, December 11th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Synchrony Financial has a consensus rating of “Hold” and a consensus price target of $38.10.

NYSE SYF opened at $33.81 on Friday. 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 twelve month low of $26.01 and a twelve month high of $40.59. The company has a market cap of $25,778.96, a P/E ratio of 12.90, a PEG ratio of 1.31 and a beta of 1.12.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings results 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. Synchrony Financial had a return on equity of 14.62% and a net margin of 11.75%. The company had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same period in the previous year, the company posted $0.70 earnings per share. research analysts predict that Synchrony Financial will post 3.39 EPS for the current fiscal year.

In other Synchrony Financial news, insider Margaret M. Keane sold 13,138 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $36.70, for a total value of $482,164.60. Following the sale, the insider now directly owns 440,169 shares of the company’s stock, valued at $16,154,202.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Neeraj Mehta sold 2,299 shares of the business’s stock in a transaction on Wednesday, April 4th. The stock was sold at an average price of $32.69, for a total value of $75,154.31. Following the completion of the sale, the insider now directly owns 65,867 shares in the company, valued at $2,153,192.23. The disclosure for this sale can be found here. Insiders sold 28,149 shares of company stock worth $1,030,771 over the last three months. Corporate insiders own 0.03% of the company’s stock.

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Synchrony Financial Profile

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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