Aperio Group LLC boosted its position in Synovus Financial Corp. (NYSE:SNV) by 9.8% during the second quarter, Holdings Channel reports. The firm owned 42,478 shares of the bank’s stock after buying an additional 3,782 shares during the period. Aperio Group LLC’s holdings in Synovus Financial Corp. were worth $1,879,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new position in shares of Synovus Financial Corp. during the first quarter valued at $120,000. Balentine LLC boosted its position in shares of Synovus Financial Corp. by 0.3% in the first quarter. Balentine LLC now owns 3,108 shares of the bank’s stock valued at $128,000 after buying an additional 9 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of Synovus Financial Corp. during the first quarter valued at $135,000. PNC Financial Services Group Inc. boosted its position in shares of Synovus Financial Corp. by 21.3% in the first quarter. PNC Financial Services Group Inc. now owns 3,537 shares of the bank’s stock valued at $145,000 after buying an additional 622 shares during the last quarter. Finally, Neuburgh Advisers LLC boosted its position in shares of Synovus Financial Corp. by 14.0% in the first quarter. Neuburgh Advisers LLC now owns 4,704 shares of the bank’s stock valued at $193,000 after buying an additional 576 shares during the last quarter. Hedge funds and other institutional investors own 78.35% of the company’s stock.

Shares of Synovus Financial Corp. (NYSE:SNV) traded down 1.64% during midday trading on Thursday, reaching $42.67. 192,434 shares of the company traded hands. Synovus Financial Corp. has a 12-month low of $30.87 and a 12-month high of $45.38. The company has a 50-day moving average of $43.90 and a 200 day moving average of $42.35. The firm has a market capitalization of $5.18 billion, a PE ratio of 19.38 and a beta of 1.12.

Synovus Financial Corp. (NYSE:SNV) last issued its quarterly earnings data on Tuesday, July 18th. The bank reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.01. Synovus Financial Corp. had a net margin of 20.68% and a return on equity of 9.88%. The business had revenue of $319.80 million during the quarter, compared to the consensus estimate of $317.81 million. During the same period in the prior year, the firm posted $0.46 EPS. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. On average, equities analysts forecast that Synovus Financial Corp. will post $2.46 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Aperio Group LLC Raises Stake in Synovus Financial Corp. (SNV)” was posted by Daily Political and is owned by of Daily Political. If you are reading this news story on another site, it was stolen and reposted in violation of US and international copyright and trademark laws. The original version of this news story can be viewed at https://www.dailypolitical.com/2017/08/10/aperio-group-llc-raises-stake-in-synovus-financial-corp-snv.html.

Several equities analysts have recently weighed in on SNV shares. Stephens restated a “buy” rating and issued a $46.00 price objective on shares of Synovus Financial Corp. in a report on Wednesday, July 19th. Zacks Investment Research upgraded Synovus Financial Corp. from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a report on Wednesday, July 19th. ValuEngine upgraded Synovus Financial Corp. from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Bank of America Corporation upgraded Synovus Financial Corp. from a “neutral” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Thursday, May 11th. Finally, Barclays PLC restated an “equal weight” rating and issued a $44.00 price objective (up previously from $42.00) on shares of Synovus Financial Corp. in a report on Saturday, April 22nd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. Synovus Financial Corp. currently has a consensus rating of “Hold” and an average target price of $42.78.

In other Synovus Financial Corp. news, EVP Kevin Joseph Howard sold 7,000 shares of the company’s stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $43.37, for a total value of $303,590.00. Following the completion of the sale, the executive vice president now directly owns 46,490 shares of the company’s stock, valued at approximately $2,016,271.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Curtis J. Perry sold 7,062 shares of the company’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $43.86, for a total transaction of $309,739.32. Following the completion of the sale, the executive vice president now directly owns 60,038 shares of the company’s stock, valued at $2,633,266.68. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

About Synovus Financial Corp.

Synovus Financial Corp. is a financial services company and a bank holding company. The Company provides integrated financial services, including commercial and retail banking, financial management, insurance and mortgage services, to its customers through locally branded banking divisions of its subsidiary bank, Synovus Bank (the Bank), and other offices in Georgia, Alabama, South Carolina, Florida and Tennessee.

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

Institutional Ownership by Quarter for Synovus Financial Corp. (NYSE:SNV)

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