Amalgamated Bank Has $3.79 Million Stake in Synchrony Financial (SYF)
Amalgamated Bank grew its position in Synchrony Financial (NYSE:SYF) by 8.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 98,038 shares of the financial services provider’s stock after acquiring an additional 7,335 shares during the period. Amalgamated Bank’s holdings in Synchrony Financial were worth $3,785,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of SYF. Aperio Group LLC boosted its holdings in Synchrony Financial by 7.1% during the third quarter. Aperio Group LLC now owns 177,956 shares of the financial services provider’s stock worth $5,526,000 after buying an additional 11,841 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in Synchrony Financial by 13.9% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 466,387 shares of the financial services provider’s stock worth $14,481,000 after buying an additional 56,959 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in Synchrony Financial during the third quarter worth about $1,860,000. Canada Pension Plan Investment Board boosted its holdings in Synchrony Financial by 37.2% during the third quarter. Canada Pension Plan Investment Board now owns 2,930,174 shares of the financial services provider’s stock worth $90,982,000 after buying an additional 794,200 shares in the last quarter. Finally, BT Investment Management Ltd boosted its holdings in Synchrony Financial by 581.6% during the third quarter. BT Investment Management Ltd now owns 114,793 shares of the financial services provider’s stock worth $3,577,000 after buying an additional 97,952 shares in the last quarter. 87.58% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider David P. Melito sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $40.00, for a total value of $80,000.00. Following the completion of the transaction, the insider now owns 39,259 shares of the company’s stock, valued at $1,570,360. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Margaret M. Keane sold 13,138 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $36.70, for a total transaction of $482,164.60. Following the completion of the transaction, the insider now directly owns 440,169 shares of the company’s stock, valued at approximately $16,154,202.30. The disclosure for this sale can be found here. In the last three months, insiders sold 27,731 shares of company stock valued at $1,027,094. Company insiders own 0.03% of the company’s stock.
Synchrony Financial (NYSE:SYF) opened at $35.93 on Friday. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a market cap of $28,120.00, a P/E ratio of 13.71, a PEG ratio of 1.41 and a beta of 1.07. Synchrony Financial has a 52-week low of $26.01 and a 52-week high of $40.59.
Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data on Friday, January 19th. The financial services provider reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. The business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.96 billion. Synchrony Financial had a net margin of 11.75% and a return on equity of 14.62%. During the same quarter in the previous year, the business posted $0.70 earnings per share. analysts forecast that Synchrony Financial will post 3.38 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 5th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date was Friday, February 2nd. Synchrony Financial’s dividend payout ratio is presently 22.90%.
COPYRIGHT VIOLATION NOTICE: This piece of content was first published by Daily Political and is the property of of Daily Political. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this piece of content can be viewed at https://www.dailypolitical.com/2018/03/03/amalgamated-bank-has-3-79-million-stake-in-synchrony-financial-syf.html.
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.
Want to see what other hedge funds are holding SYF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades 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.