Synchrony Financial (SYF) Shares Sold by CENTRAL TRUST Co

CENTRAL TRUST Co lowered its stake in shares of Synchrony Financial (NYSE:SYF) by 11.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,550 shares of the financial services provider’s stock after selling 1,275 shares during the period. CENTRAL TRUST Co’s holdings in Synchrony Financial were worth $224,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SYF. FMR LLC lifted its holdings in shares of Synchrony Financial by 15.4% during the second quarter. FMR LLC now owns 49,783,436 shares of the financial services provider’s stock valued at $1,661,772,000 after purchasing an additional 6,646,131 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Synchrony Financial by 23.3% during the second quarter. Renaissance Technologies LLC now owns 1,287,900 shares of the financial services provider’s stock valued at $42,990,000 after purchasing an additional 243,300 shares during the last quarter. BB&T Securities LLC lifted its holdings in shares of Synchrony Financial by 76.2% during the second quarter. BB&T Securities LLC now owns 104,044 shares of the financial services provider’s stock valued at $3,472,000 after purchasing an additional 44,979 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Synchrony Financial by 10.2% during the second quarter. Macquarie Group Ltd. now owns 385,133 shares of the financial services provider’s stock valued at $12,856,000 after purchasing an additional 35,510 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Synchrony Financial by 549.7% during the second quarter. Tower Research Capital LLC TRC now owns 18,036 shares of the financial services provider’s stock valued at $602,000 after purchasing an additional 15,260 shares during the last quarter. Institutional investors own 84.12% of the company’s stock.

Several brokerages have recently commented on SYF. Oppenheimer reaffirmed a “hold” rating on shares of Synchrony Financial in a report on Thursday, November 1st. BMO Capital Markets upped their target price on Synchrony Financial from $37.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, October 22nd. Bank of America downgraded Synchrony Financial from a “buy” rating to a “neutral” rating and set a $34.00 target price for the company. in a report on Wednesday, September 26th. Stephens raised Synchrony Financial from an “underweight” rating to an “equal weight” rating in a report on Thursday, January 3rd. Finally, ValuEngine raised Synchrony Financial from a “strong sell” rating to a “sell” rating in a report on Friday, December 7th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $34.92.

Shares of Synchrony Financial stock opened at $26.02 on Friday. The stock has a market capitalization of $18.68 billion, a P/E ratio of 9.93, a price-to-earnings-growth ratio of 0.58 and a beta of 1.03. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.40 and a quick ratio of 1.40. Synchrony Financial has a 1 year low of $21.77 and a 1 year high of $40.59.

Synchrony Financial (NYSE:SYF) last announced 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. The firm had revenue of $4.21 billion during the quarter, compared to the consensus estimate of $4.18 billion. Synchrony Financial had a return on equity of 17.90% and a net margin of 13.70%. During the same period in the prior year, the business earned $0.70 EPS. On average, research analysts forecast that Synchrony Financial will post 3.56 earnings per share for the current year.

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Synchrony Financial 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.

Read More: What Is An Exchange-Traded Fund (ETF)?

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

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