Oldfield Partners LLP bought a new stake in shares of Synchrony Financial (NYSE:SYF) during the 3rd quarter, HoldingsChannel.com reports. The firm bought 139,200 shares of the financial services provider’s stock, valued at approximately $4,326,000. Synchrony Financial makes up 0.4% of Oldfield Partners LLP’s portfolio, making the stock its 16th largest position.
Several other large investors also recently made changes to their positions in SYF. Brown Advisory Inc. raised its holdings in shares of Synchrony Financial by 152.1% during the 1st quarter. Brown Advisory Inc. now owns 22,761 shares of the financial services provider’s stock valued at $764,000 after buying an additional 13,734 shares during the period. IFM Investors Pty Ltd raised its holdings in shares of Synchrony Financial by 38.7% during the 2nd quarter. IFM Investors Pty Ltd now owns 33,817 shares of the financial services provider’s stock valued at $1,129,000 after buying an additional 9,439 shares during the period. Moon Capital Management LLC raised its holdings in shares of Synchrony Financial by 8.0% during the 2nd quarter. Moon Capital Management LLC now owns 121,773 shares of the financial services provider’s stock valued at $4,065,000 after buying an additional 9,035 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of Synchrony Financial by 15.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 102,756 shares of the financial services provider’s stock valued at $3,429,000 after buying an additional 13,575 shares during the period. Finally, Trust Co raised its holdings in shares of Synchrony Financial by 13.1% during the 1st quarter. Trust Co now owns 17,631 shares of the financial services provider’s stock valued at $591,000 after buying an additional 2,038 shares during the period. Institutional investors and hedge funds own 87.44% of the company’s stock.
SYF stock opened at $26.72 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.70. Synchrony Financial has a 52-week low of $26.13 and a 52-week high of $40.59. The company has a market cap of $19.00 billion, a price-to-earnings ratio of 10.20, a price-to-earnings-growth ratio of 0.73 and a beta of 1.05.
Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data on Friday, October 19th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.11. Synchrony Financial had a return on equity of 17.90% and a net margin of 13.70%. The company had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same period in the previous year, the business earned $0.70 EPS. On average, equities analysts forecast that Synchrony Financial will post 3.48 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Monday, November 5th will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, November 2nd. This represents a $0.84 annualized dividend and a yield of 3.14%. Synchrony Financial’s dividend payout ratio is presently 32.06%.
Several equities research analysts recently commented on SYF shares. ValuEngine downgraded Synchrony Financial from a “hold” rating to a “sell” rating in a report on Thursday, July 26th. JPMorgan Chase & Co. dropped their target price on Synchrony Financial from $41.00 to $39.00 and set an “overweight” rating on the stock in a report on Friday, July 27th. Edward Jones downgraded Synchrony Financial from a “buy” rating to a “hold” rating in a report on Friday, July 27th. Oppenheimer reiterated a “hold” rating on shares of Synchrony Financial in a report on Friday, July 27th. Finally, Stephens reiterated a “hold” rating and set a $32.00 target price on shares of Synchrony Financial in a report on Friday, July 27th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $37.06.
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Synchrony Financial Company Profile
Synchrony Financial operates as a consumer financial services company in the United States. The company offers private label credit cards, dual cards, general purpose co-branded credit cards, and small and medium-sized business credit products; and promotional financing for consumer purchases, such as private label credit cards and installment loans.
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