Man Group plc Raises Stake in Synchrony Financial (NYSE:SYF)

Share on StockTwits

Man Group plc boosted its position in Synchrony Financial (NYSE:SYF) by 2.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,542,255 shares of the financial services provider’s stock after purchasing an additional 37,591 shares during the period. Man Group plc’s holdings in Synchrony Financial were worth $55,537,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of SYF. Psagot Investment House Ltd. boosted its stake in Synchrony Financial by 0.7% in the third quarter. Psagot Investment House Ltd. now owns 218,327 shares of the financial services provider’s stock worth $7,443,000 after buying an additional 1,500 shares in the last quarter. Voya Investment Management LLC boosted its stake in Synchrony Financial by 78.8% in the third quarter. Voya Investment Management LLC now owns 573,372 shares of the financial services provider’s stock worth $19,546,000 after buying an additional 252,777 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Synchrony Financial during the third quarter valued at approximately $1,288,000. Andra AP fonden boosted its stake in shares of Synchrony Financial by 6.9% during the third quarter. Andra AP fonden now owns 239,900 shares of the financial services provider’s stock valued at $8,178,000 after purchasing an additional 15,500 shares during the period. Finally, Redwood Investment Management LLC boosted its stake in shares of Synchrony Financial by 16.5% during the third quarter. Redwood Investment Management LLC now owns 131,220 shares of the financial services provider’s stock valued at $4,473,000 after purchasing an additional 18,571 shares during the period. 88.47% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:SYF opened at $14.74 on Wednesday. Synchrony Financial has a 1-year low of $12.15 and a 1-year high of $38.18. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.35 and a quick ratio of 1.34. The business has a fifty day moving average price of $28.04 and a 200-day moving average price of $33.44. The company has a market capitalization of $7.85 billion, a PE ratio of 2.66, a PEG ratio of 0.46 and a beta of 1.21.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results on Friday, January 24th. The financial services provider reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.02. Synchrony Financial had a return on equity of 19.62% and a net margin of 19.63%. The firm had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same period last year, the company earned $1.09 earnings per share. On average, sell-side analysts anticipate that Synchrony Financial will post 3.88 earnings per share for the current fiscal year.

SYF has been the subject of a number of recent analyst reports. Stephens upgraded Synchrony Financial from an “equal weight” rating to an “overweight” rating and set a $40.00 target price for the company in a report on Monday, January 27th. Nomura restated a “hold” rating and set a $34.00 target price on shares of Synchrony Financial in a report on Sunday, February 9th. Barclays restated a “hold” rating and set a $20.00 target price on shares of Synchrony Financial in a report on Wednesday, March 18th. ValuEngine upgraded Synchrony Financial from a “strong sell” rating to a “sell” rating in a report on Friday, January 24th. Finally, Bank of America initiated coverage on Synchrony Financial in a report on Monday, December 2nd. They set a “buy” rating and a $42.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $37.50.

About Synchrony Financial

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.

Featured Story: Do Tariffs Work?

Want to see what other hedge funds are holding SYF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Synchrony Financial (NYSE:SYF).

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

Receive News & Ratings for Synchrony Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synchrony Financial and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Mitchell Mcleod Pugh & Williams Inc. Has $252,000 Stake in General Electric
Mitchell Mcleod Pugh & Williams Inc. Has $252,000 Stake in General Electric
Mitchell Mcleod Pugh & Williams Inc. Buys 500 Shares of Starbucks Co.
Mitchell Mcleod Pugh & Williams Inc. Buys 500 Shares of Starbucks Co.
655 Shares in Biogen Inc  Bought by Mitchell Mcleod Pugh & Williams Inc.
655 Shares in Biogen Inc Bought by Mitchell Mcleod Pugh & Williams Inc.
AT&T Inc.  Shares Sold by IFM Investors Pty Ltd
AT&T Inc. Shares Sold by IFM Investors Pty Ltd
Investment House LLC Sells 3,415 Shares of iShares MSCI Emerging Markets ETF
Investment House LLC Sells 3,415 Shares of iShares MSCI Emerging Markets ETF
IFM Investors Pty Ltd Sells 13,422 Shares of Exxon Mobil Co.
IFM Investors Pty Ltd Sells 13,422 Shares of Exxon Mobil Co.


 
© 2006-2020 Zolmax.