National Investment Services Inc. WI lowered its position in Synchrony Financial (NYSE:SYF) by 1.6% during the first quarter, Holdings Channel reports. The institutional investor owned 86,720 shares of the financial services provider’s stock after selling 1,386 shares during the period. Synchrony Financial accounts for approximately 3.0% of National Investment Services Inc. WI’s investment portfolio, making the stock its 7th largest position. National Investment Services Inc. WI’s holdings in Synchrony Financial were worth $2,974,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. State Street Corp boosted its position in Synchrony Financial by 6.9% in the fourth quarter. State Street Corp now owns 35,391,924 shares of the financial services provider’s stock worth $1,283,661,000 after buying an additional 2,287,606 shares in the last quarter. FMR LLC boosted its position in Synchrony Financial by 44.7% in the fourth quarter. FMR LLC now owns 27,582,023 shares of the financial services provider’s stock worth $1,000,400,000 after buying an additional 8,518,794 shares in the last quarter. Baupost Group LLC MA boosted its position in Synchrony Financial by 17.6% in the fourth quarter. Baupost Group LLC MA now owns 20,665,000 shares of the financial services provider’s stock worth $749,520,000 after buying an additional 3,100,000 shares in the last quarter. First Eagle Investment Management LLC boosted its position in Synchrony Financial by 1.4% in the third quarter. First Eagle Investment Management LLC now owns 16,481,807 shares of the financial services provider’s stock worth $461,491,000 after buying an additional 230,732 shares in the last quarter. Finally, Norges Bank bought a new position in Synchrony Financial during the fourth quarter worth $289,634,000. Institutional investors own 89.10% of the company’s stock.

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

Shares of Synchrony Financial (NYSE:SYF) traded down 0.288% during midday trading on Tuesday, hitting $32.925. 2,992,393 shares of the company were exchanged. The company has a 50-day moving average price of $34.48 and a 200-day moving average price of $33.79. The stock has a market capitalization of $26.70 billion, a price-to-earnings ratio of 12.149 and a beta of 1.06. Synchrony Financial has a 52-week low of $23.25 and a 52-week high of $38.06.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data on Friday, January 20th. The financial services provider 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%. The firm had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same period last year, the firm posted $0.65 EPS. On average, analysts forecast that Synchrony Financial will post $3.03 EPS for the current year.

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SYF has been the subject of a number of research analyst reports. Vetr cut shares of Synchrony Financial from a “buy” rating to a “hold” rating and set a $39.37 price objective for the company. in a research report on Wednesday, January 4th. Wells Fargo & Co initiated coverage on shares of Synchrony Financial in a research report on Wednesday, March 29th. They set an “outperform” rating for the company. Barclays PLC set a $47.00 price objective on shares of Synchrony Financial and gave the stock a “buy” rating in a research report on Sunday, January 8th. Jefferies Group LLC restated a “buy” rating and set a $45.00 price objective on shares of Synchrony Financial in a research report on Tuesday, February 14th. Finally, Deutsche Bank AG restated a “buy” rating on shares of Synchrony Financial in a research report on Sunday, January 8th. Five analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $39.09.

In other Synchrony Financial news, insider David P. Melito sold 748 shares of the firm’s stock in a transaction on Wednesday, April 5th. The stock was sold at an average price of $34.24, for a total value of $25,611.52. Following the completion of the sale, the insider now owns 43,390 shares of the company’s stock, valued at $1,485,673.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Brian D. Doubles sold 8,109 shares of the firm’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $36.13, for a total value of $292,978.17. Following the completion of the sale, the insider now directly owns 169,962 shares of the company’s stock, valued at approximately $6,140,727.06. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,457 shares of company stock worth $339,056. 0.02% of the stock is currently owned by insiders.

About Synchrony Financial

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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