Hotchkis & Wiley Capital Management LLC boosted its holdings in Synchrony Financial (NYSE:SYF) by 24.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,427,200 shares of the financial services provider’s stock after acquiring an additional 280,600 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 0.18% of Synchrony Financial worth $44,315,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of SYF. Creative Planning increased its stake in Synchrony Financial by 51.5% in the second quarter. Creative Planning now owns 8,885 shares of the financial services provider’s stock valued at $265,000 after acquiring an additional 3,022 shares during the period. State of Alaska Department of Revenue grew its stake in Synchrony Financial by 19.7% during the second quarter. State of Alaska Department of Revenue now owns 5,338 shares of the financial services provider’s stock worth $159,000 after buying an additional 880 shares during the last quarter. First Quadrant L P CA grew its stake in Synchrony Financial by 55.4% during the second quarter. First Quadrant L P CA now owns 3,726 shares of the financial services provider’s stock worth $111,000 after buying an additional 1,328 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in Synchrony Financial by 39.0% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,560 shares of the financial services provider’s stock worth $136,000 after buying an additional 1,280 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its stake in Synchrony Financial by 54.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 39,290 shares of the financial services provider’s stock worth $1,172,000 after buying an additional 13,770 shares during the last quarter. 85.68% of the stock is currently owned by institutional investors and hedge funds.

Shares of Synchrony Financial (SYF) traded up $0.05 during midday trading on Friday, reaching $35.94. 7,335,506 shares of the company traded hands, compared to its average volume of 7,025,474. Synchrony Financial has a fifty-two week low of $26.01 and a fifty-two week high of $38.06. The firm has a market capitalization of $28,130.00, a price-to-earnings ratio of 13.16, a P/E/G ratio of 1.73 and a beta of 1.02. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.47 and a quick ratio of 1.47.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data on Friday, October 20th. The financial services provider reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.06. Synchrony Financial had a net margin of 13.17% and a return on equity of 14.84%. The business had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same period in the prior year, the business posted $0.73 earnings per share. equities research analysts anticipate that Synchrony Financial will post 2.59 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, November 6th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.60 annualized dividend and a yield of 1.67%. Synchrony Financial’s dividend payout ratio is currently 22.81%.

Several analysts have weighed in on the stock. Morgan Stanley cut shares of Synchrony Financial from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $35.00 to $32.00 in a research note on Friday, September 8th. Barclays set a $40.00 price objective on shares of Synchrony Financial and gave the stock a “buy” rating in a research note on Monday, October 23rd. Bank of America cut shares of Synchrony Financial from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $35.00 to $33.00 in a research note on Friday, October 6th. JMP Securities upped their price objective on shares of Synchrony Financial from $35.00 to $37.00 and gave the stock a “market outperform” rating in a research note on Monday, October 23rd. Finally, Zacks Investment Research raised shares of Synchrony Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, October 23rd. Twelve analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $37.14.

In other Synchrony Financial news, Director Olympia J. Snowe acquired 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were acquired at an average cost of $33.40 per share, for a total transaction of $100,200.00. Following the completion of the acquisition, the director now directly owns 10,608 shares of the company’s stock, valued at approximately $354,307.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Laurel Richie acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was acquired at an average price of $34.20 per share, for a total transaction of $34,200.00. Following the completion of the acquisition, the director now directly owns 8,608 shares of the company’s stock, valued at $294,393.60. The disclosure for this purchase can be found here. Insiders sold 5,080 shares of company stock worth $173,030 over the last 90 days. 0.03% of the stock is currently owned by company insiders.

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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.

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

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