Northwestern Mutual Wealth Management Co. raised its position in Synchrony Financial (NYSE:SYF) by 9.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,387 shares of the financial services provider’s stock after purchasing an additional 486 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Synchrony Financial were worth $160,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Global X Management Co. LLC increased its stake in Synchrony Financial by 28.8% in the first quarter. Global X Management Co. LLC now owns 6,226 shares of the financial services provider’s stock valued at $214,000 after purchasing an additional 1,394 shares in the last quarter. Cambria Investment Management L.P. bought a new stake in Synchrony Financial in the first quarter valued at approximately $1,194,000. Victory Capital Management Inc. increased its stake in Synchrony Financial by 14.5% in the first quarter. Victory Capital Management Inc. now owns 46,379 shares of the financial services provider’s stock valued at $1,591,000 after purchasing an additional 5,864 shares in the last quarter. Point72 Asset Management L.P. increased its stake in Synchrony Financial by 58.5% in the first quarter. Point72 Asset Management L.P. now owns 3,667,370 shares of the financial services provider’s stock valued at $125,791,000 after purchasing an additional 1,353,070 shares in the last quarter. Finally, Hosking Partners LLP increased its stake in Synchrony Financial by 9.9% in the first quarter. Hosking Partners LLP now owns 1,480,250 shares of the financial services provider’s stock valued at $50,773,000 after purchasing an additional 132,826 shares in the last quarter. 87.05% of the stock is owned by hedge funds and other institutional investors.

Shares of Synchrony Financial (NYSE:SYF) opened at 29.00 on Thursday. The stock’s 50 day moving average is $29.92 and its 200-day moving average is $30.47. Synchrony Financial has a 1-year low of $26.01 and a 1-year high of $38.06. The firm has a market cap of $23.06 billion, a PE ratio of 10.89 and a beta of 1.01.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results on Friday, July 21st. The financial services provider reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.03. The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.59 billion. Synchrony Financial had a net margin of 13.84% and a return on equity of 15.30%. During the same period in the previous year, the firm earned $0.58 EPS. Analysts expect that Synchrony Financial will post $2.60 earnings per share for the current year.

In related news, Director Paget Leonard Alves purchased 2,000 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The shares were bought at an average cost of $30.85 per share, with a total value of $61,700.00. Following the acquisition, the director now owns 8,521 shares of the company’s stock, valued at $262,872.85. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is currently owned by insiders.

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Several equities research analysts have commented on SYF shares. TheStreet raised shares of Synchrony Financial from a “c” rating to a “b” rating in a research note on Monday, July 31st. BTIG Research reaffirmed a “buy” rating and issued a $36.00 target price on shares of Synchrony Financial in a research note on Wednesday, May 24th. BidaskClub raised shares of Synchrony Financial from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. ValuEngine raised shares of Synchrony Financial from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $40.00 target price on shares of Synchrony Financial in a research note on Friday, June 9th. Ten analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. Synchrony Financial currently has an average rating of “Buy” and a consensus target price of $37.42.

Synchrony Financial Company Profile

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.

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

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