Baird Financial Group Inc. Has $6,603,000 Position in Synchrony Financial (SYF)

Baird Financial Group Inc. cut its stake in shares of Synchrony Financial (NYSE:SYF) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 182,044 shares of the company’s stock after selling 4,805 shares during the period. Baird Financial Group Inc.’s holdings in Synchrony Financial were worth $6,603,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Bbva Compass Bancshares Inc. acquired a new stake in Synchrony Financial during the second quarter valued at about $561,000. Boston Private Wealth LLC raised its stake in Synchrony Financial by 39.3% in the second quarter. Boston Private Wealth LLC now owns 24,621 shares of the company’s stock valued at $622,000 after buying an additional 6,951 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Synchrony Financial by 14.1% in the second quarter. Bank of New York Mellon Corp now owns 21,921,122 shares of the company’s stock valued at $554,167,000 after buying an additional 2,706,823 shares during the last quarter. USS Investment Management Ltd raised its stake in Synchrony Financial by 3.7% in the second quarter. USS Investment Management Ltd now owns 215,748 shares of the company’s stock valued at $5,453,000 after buying an additional 7,600 shares during the last quarter. Finally, Klingenstein Fields & Co. LLC raised its stake in Synchrony Financial by 4.0% in the second quarter. Klingenstein Fields & Co. LLC now owns 715,200 shares of the company’s stock valued at $18,081,000 after buying an additional 27,230 shares during the last quarter. 89.10% of the stock is owned by institutional investors and hedge funds.

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

Synchrony Financial (NYSE:SYF) traded down 1.30% on Friday, hitting $36.37. 1,457,443 shares of the stock traded hands. The stock has a market cap of $29.73 billion, a price-to-earnings ratio of 13.42 and a beta of 1.06. Synchrony Financial has a 52 week low of $23.25 and a 52 week high of $38.06. The firm’s 50 day moving average is $36.40 and its 200 day moving average is $31.54.

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Synchrony Financial (NYSE:SYF) last released its earnings results on Friday, January 20th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. Synchrony Financial had a net margin of 15.15% and a return on equity of 16.34%. During the same period in the prior year, the company earned $0.65 earnings per share. Equities analysts anticipate that Synchrony Financial will post $3.05 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 16th. Investors of record on Monday, February 6th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend was Thursday, February 2nd. Synchrony Financial’s dividend payout ratio (DPR) is currently 19.19%.

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A number of research analysts have weighed in on the stock. BTIG Research set a $42.00 target price on shares of Synchrony Financial and gave the stock a “buy” rating in a research report on Sunday, October 23rd. Compass Point assumed coverage on shares of Synchrony Financial in a research report on Friday, November 4th. They set a “buy” rating and a $34.00 target price for the company. TheStreet raised shares of Synchrony Financial from a “hold” rating to a “buy” rating in a research report on Monday, November 7th. Zacks Investment Research raised shares of Synchrony Financial from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research report on Saturday, November 12th. Finally, Vetr lowered shares of Synchrony Financial from a “strong-buy” rating to a “buy” rating and set a $35.70 target price for the company. in a research report on Monday, November 14th. Three equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $42.70.

In related news, insider Margaret M. Keane sold 6,000 shares of the firm’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $34.00, for a total value of $204,000.00. Following the completion of the transaction, the insider now owns 367,206 shares of the company’s stock, valued at $12,485,004. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider David P. Melito sold 1,392 shares of the firm’s stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $38.00, for a total transaction of $52,896.00. Following the completion of the transaction, the insider now directly owns 42,255 shares of the company’s stock, valued at approximately $1,605,690. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,551 shares of company stock valued at $329,309. 0.02% of the stock is owned by insiders.

Synchrony Financial Company 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.

5 Day Chart for NYSE:SYF

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