Copeland Capital Management LLC Invests $131,000 in Synchrony Financial (NYSE:SYF)

Copeland Capital Management LLC bought a new stake in Synchrony Financial (NYSE:SYF) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,628 shares of the financial services provider’s stock, valued at approximately $131,000.

A number of other hedge funds also recently modified their holdings of SYF. Wellington Management Group LLP lifted its holdings in shares of Synchrony Financial by 18.5% in the fourth quarter. Wellington Management Group LLP now owns 65,514 shares of the financial services provider’s stock valued at $2,502,000 after purchasing an additional 10,207 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Synchrony Financial by 8.2% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 11,872 shares of the financial services provider’s stock valued at $453,000 after purchasing an additional 900 shares in the last quarter. Park Avenue Securities LLC raised its holdings in shares of Synchrony Financial by 5.0% during the first quarter. Park Avenue Securities LLC now owns 12,161 shares of the financial services provider’s stock worth $524,000 after acquiring an additional 576 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of Synchrony Financial during the first quarter worth $60,000. Finally, Signet Financial Management LLC raised its holdings in shares of Synchrony Financial by 3.7% during the first quarter. Signet Financial Management LLC now owns 46,252 shares of the financial services provider’s stock worth $1,994,000 after acquiring an additional 1,670 shares in the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Synchrony Financial Stock Down 0.3 %

NYSE SYF opened at $55.67 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 1.23 and a debt-to-equity ratio of 1.06. The stock’s 50 day moving average is $49.83 and its two-hundred day moving average is $46.88. The company has a market capitalization of $22.00 billion, a price-to-earnings ratio of 7.27, a PEG ratio of 1.30 and a beta of 1.61. Synchrony Financial has a 1-year low of $27.30 and a 1-year high of $57.26.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.17. The company had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.76 billion. Synchrony Financial had a return on equity of 16.64% and a net margin of 13.98%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.48 earnings per share. Equities analysts forecast that Synchrony Financial will post 6.09 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Bart Schaller sold 930 shares of Synchrony Financial stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $50.84, for a total value of $47,281.20. Following the completion of the transaction, the insider now owns 49,390 shares in the company, valued at approximately $2,510,987.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Brian J. Sr. Wenzel sold 74,698 shares of Synchrony Financial stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $46.73, for a total value of $3,490,637.54. Following the completion of the transaction, the insider now owns 76,251 shares in the company, valued at approximately $3,563,209.23. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Bart Schaller sold 930 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $50.84, for a total transaction of $47,281.20. Following the completion of the transaction, the insider now owns 49,390 shares of the company’s stock, valued at $2,510,987.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

SYF has been the subject of several recent research reports. BMO Capital Markets cut their price objective on Synchrony Financial from $42.00 to $41.00 and set a “market perform” rating for the company in a report on Thursday, July 18th. Robert W. Baird set a $62.00 target price on Synchrony Financial in a report on Thursday, October 17th. TD Cowen raised their target price on Synchrony Financial from $60.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, October 17th. JMP Securities restated a “market outperform” rating and set a $60.00 target price on shares of Synchrony Financial in a report on Monday, October 14th. Finally, The Goldman Sachs Group raised their price target on Synchrony Financial from $49.00 to $56.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Synchrony Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.25.

Synchrony Financial Company Profile

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 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, and sweep and affinity deposits, as well as accepts deposits through third-party securities brokerage firms.