Synchrony Financial (SYF) Shares Sold by Arrowstreet Capital Limited Partnership
Arrowstreet Capital Limited Partnership reduced its holdings in shares of Synchrony Financial (NYSE:SYF) by 92.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 141,000 shares of the financial services provider’s stock after selling 1,745,800 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Synchrony Financial were worth $5,444,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of SYF. Aperio Group LLC lifted its stake in shares of Synchrony Financial by 7.1% during the 3rd quarter. Aperio Group LLC now owns 177,956 shares of the financial services provider’s stock worth $5,526,000 after acquiring an additional 11,841 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Synchrony Financial by 13.9% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 466,387 shares of the financial services provider’s stock worth $14,481,000 after acquiring an additional 56,959 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Synchrony Financial during the 3rd quarter worth approximately $1,860,000. BT Investment Management Ltd raised its position in Synchrony Financial by 581.6% during the 3rd quarter. BT Investment Management Ltd now owns 114,793 shares of the financial services provider’s stock valued at $3,577,000 after purchasing an additional 97,952 shares in the last quarter. Finally, Stevens Capital Management LP raised its position in Synchrony Financial by 9.3% during the 3rd quarter. Stevens Capital Management LP now owns 107,257 shares of the financial services provider’s stock valued at $3,330,000 after purchasing an additional 9,095 shares in the last quarter. 87.58% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Thomas M. Quindlen sold 10,712 shares of Synchrony Financial stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $36.73, for a total value of $393,451.76. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider David P. Melito sold 1,881 shares of Synchrony Financial stock in a transaction on Monday, December 4th. The shares were sold at an average price of $38.00, for a total value of $71,478.00. Following the completion of the transaction, the insider now owns 43,140 shares in the company, valued at $1,639,320. The disclosure for this sale can be found here. Insiders sold a total of 27,731 shares of company stock worth $1,027,094 over the last quarter. Company insiders own 0.03% of the company’s stock.
Synchrony Financial (NYSE SYF) opened at $35.93 on Friday. Synchrony Financial has a fifty-two week low of $26.01 and a fifty-two week high of $40.59. The stock has a market capitalization of $28,120.00, a price-to-earnings ratio of 13.71, a PEG ratio of 1.39 and a beta of 1.07. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.45 and a quick ratio of 1.45.
Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results on Friday, January 19th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.07. Synchrony Financial had a return on equity of 14.62% and a net margin of 11.75%. The business had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.96 billion. During the same period last year, the business posted $0.70 EPS. sell-side analysts anticipate that Synchrony Financial will post 3.38 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 5th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.67%. Synchrony Financial’s dividend payout ratio is presently 22.90%.
COPYRIGHT VIOLATION NOTICE: This piece was originally published by Daily Political and is owned by of Daily Political. If you are viewing this piece on another website, it was stolen and republished in violation of United States and international trademark and copyright law. The legal version of this piece can be accessed at https://www.dailypolitical.com/2018/03/04/synchrony-financial-syf-shares-sold-by-arrowstreet-capital-limited-partnership.html.
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.
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.