BlueMountain Capital Management LLC decreased its position in Synchrony Financial (NYSE:SYF) by 7.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,677 shares of the financial services provider’s stock after selling 1,437 shares during the quarter. BlueMountain Capital Management LLC’s holdings in Synchrony Financial were worth $497,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Synchrony Financial by 2.6% in the first quarter. Vanguard Group Inc. now owns 51,277,361 shares of the financial services provider’s stock valued at $1,758,813,000 after purchasing an additional 1,299,766 shares during the period. BlackRock Inc. raised its position in shares of Synchrony Financial by 2,275.1% in the first quarter. BlackRock Inc. now owns 48,272,035 shares of the financial services provider’s stock valued at $1,655,730,000 after purchasing an additional 46,239,640 shares during the period. FMR LLC raised its position in shares of Synchrony Financial by 5.5% in the first quarter. FMR LLC now owns 29,089,365 shares of the financial services provider’s stock valued at $997,766,000 after purchasing an additional 1,507,342 shares during the period. First Eagle Investment Management LLC raised its position in shares of Synchrony Financial by 1.2% in the second quarter. First Eagle Investment Management LLC now owns 17,303,205 shares of the financial services provider’s stock valued at $515,982,000 after purchasing an additional 197,074 shares during the period. Finally, Boston Partners raised its position in shares of Synchrony Financial by 39.3% in the second quarter. Boston Partners now owns 12,891,959 shares of the financial services provider’s stock valued at $384,439,000 after purchasing an additional 3,637,487 shares during the period. 87.05% of the stock is currently owned by institutional investors.

In other news, Director Paget Leonard Alves acquired 2,000 shares of the stock in a transaction on Monday, July 24th. The shares were purchased at an average price of $30.85 per share, for a total transaction of $61,700.00. Following the transaction, the director now directly owns 8,521 shares of the company’s stock, valued at $262,872.85. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.03% of the stock is owned by company insiders.

COPYRIGHT VIOLATION NOTICE: This story was posted by Daily Political and is the property of of Daily Political. If you are reading this story on another website, it was illegally copied and republished in violation of US and international copyright and trademark laws. The original version of this story can be accessed at https://www.dailypolitical.com/2017/09/23/synchrony-financial-syf-stake-lowered-by-bluemountain-capital-management-llc.html.

Shares of Synchrony Financial (SYF) opened at 29.47 on Friday. 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 $23.44 billion, a P/E ratio of 11.07 and a beta of 1.01. The firm’s 50-day moving average is $29.92 and its 200-day moving average is $30.47.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data on Friday, July 21st. The financial services provider reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.03. The firm had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.59 billion. Synchrony Financial had a return on equity of 15.30% and a net margin of 13.84%. During the same quarter last year, the business earned $0.58 EPS. On average, analysts anticipate that Synchrony Financial will post $2.60 EPS for the current fiscal year.

SYF has been the topic of a number of recent analyst reports. BidaskClub lowered shares of Synchrony Financial from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. ValuEngine lowered shares of Synchrony Financial from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Jefferies Group LLC reissued a “buy” rating and issued a $40.00 price target on shares of Synchrony Financial in a research report on Friday, June 9th. BMO Capital Markets reissued a “buy” rating on shares of Synchrony Financial in a research report on Friday, July 21st. Finally, Instinet reissued a “buy” rating and issued a $35.00 price target (down previously from $38.00) on shares of Synchrony Financial in a research report on Wednesday, July 12th. Ten analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $37.61.

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.

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.