Worldquant Millennium Quantitative Strategies LLC Has $11.45 Million Holdings in Synchrony Financial (SYF)

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Worldquant Millennium Quantitative Strategies LLC grew its position in shares of Synchrony Financial (NYSE:SYF) by 34.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 487,876 shares of the financial services provider’s stock after acquiring an additional 125,257 shares during the quarter. Worldquant Millennium Quantitative Strategies LLC owned 0.07% of Synchrony Financial worth $11,446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of SYF. Victory Capital Management Inc. raised its stake in shares of Synchrony Financial by 25.2% during the 3rd quarter. Victory Capital Management Inc. now owns 110,548 shares of the financial services provider’s stock worth $3,436,000 after purchasing an additional 22,218 shares during the period. Private Advisor Group LLC raised its stake in shares of Synchrony Financial by 179.2% during the 3rd quarter. Private Advisor Group LLC now owns 23,296 shares of the financial services provider’s stock worth $724,000 after purchasing an additional 14,953 shares during the period. MML Investors Services LLC bought a new stake in shares of Synchrony Financial during the 3rd quarter worth $597,000. Chartwell Investment Partners LLC raised its stake in shares of Synchrony Financial by 4.9% during the 3rd quarter. Chartwell Investment Partners LLC now owns 51,778 shares of the financial services provider’s stock worth $1,609,000 after purchasing an additional 2,403 shares during the period. Finally, Norinchukin Bank The raised its stake in shares of Synchrony Financial by 9.1% during the 3rd quarter. Norinchukin Bank The now owns 48,209 shares of the financial services provider’s stock worth $1,498,000 after purchasing an additional 4,020 shares during the period. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider David P. Melito sold 3,204 shares of the company’s stock in a transaction dated Thursday, January 24th. The stock was sold at an average price of $30.00, for a total transaction of $96,120.00. Following the sale, the insider now directly owns 40,313 shares in the company, valued at $1,209,390. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Henry F. Greig sold 50,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $33.00, for a total value of $1,650,000.00. The disclosure for this sale can be found here. Insiders sold a total of 60,342 shares of company stock worth $1,966,668 over the last 90 days. 0.07% of the stock is currently owned by company insiders.

SYF has been the topic of a number of recent analyst reports. Bank of America upgraded Synchrony Financial from a “neutral” rating to a “buy” rating and set a $37.00 target price on the stock in a research note on Wednesday, January 30th. Zacks Investment Research upgraded Synchrony Financial from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research note on Friday, February 8th. Goldman Sachs Group upgraded Synchrony Financial from a “neutral” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Thursday, February 14th. Wells Fargo & Co restated a “buy” rating on shares of Synchrony Financial in a research note on Wednesday, March 13th. Finally, Barclays boosted their price objective on Synchrony Financial to $35.00 and gave the company an “equal weight” rating in a research note on Thursday, January 24th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $37.64.

Synchrony Financial stock traded up $0.32 during midday trading on Thursday, reaching $32.77. The stock had a trading volume of 100,376 shares, compared to its average volume of 7,397,875. Synchrony Financial has a 12 month low of $21.77 and a 12 month high of $36.32. The stock has a market capitalization of $22.90 billion, a P/E ratio of 8.77, a P/E/G ratio of 0.85 and a beta of 1.29. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.41 and a current ratio of 1.41.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data on Wednesday, January 23rd. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.16. Synchrony Financial had a return on equity of 19.41% and a net margin of 15.45%. The business had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.25 billion. During the same period in the previous year, the business posted $0.70 EPS. Equities research analysts forecast that Synchrony Financial will post 4.37 EPS for the current fiscal 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.

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

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