Artemis Investment Management LLP lowered its stake in shares of Synchrony Financial (NYSE:SYF) by 3.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,750,878 shares of the financial services provider’s stock after selling 149,274 shares during the period. Synchrony Financial makes up approximately 1.3% of Artemis Investment Management LLP’s holdings, making the stock its 17th biggest position. Artemis Investment Management LLP owned approximately 0.52% of Synchrony Financial worth $116,559,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Xact Kapitalforvaltning AB lifted its position in Synchrony Financial by 2.3% in the second quarter. Xact Kapitalforvaltning AB now owns 167,194 shares of the financial services provider’s stock worth $5,581,000 after purchasing an additional 3,700 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of Synchrony Financial during the 2nd quarter valued at $402,000. Westpac Banking Corp lifted its position in shares of Synchrony Financial by 20.8% during the 2nd quarter. Westpac Banking Corp now owns 96,949 shares of the financial services provider’s stock valued at $3,236,000 after acquiring an additional 16,684 shares during the last quarter. World Asset Management Inc lifted its position in shares of Synchrony Financial by 7.7% during the 2nd quarter. World Asset Management Inc now owns 48,404 shares of the financial services provider’s stock valued at $1,616,000 after acquiring an additional 3,449 shares during the last quarter. Finally, Amalgamated Bank lifted its position in shares of Synchrony Financial by 9.1% during the 2nd quarter. Amalgamated Bank now owns 104,059 shares of the financial services provider’s stock valued at $3,473,000 after acquiring an additional 8,693 shares during the last quarter. Institutional investors and hedge funds own 87.67% of the company’s stock.

Shares of NYSE:SYF opened at $25.91 on Monday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.40 and a current ratio of 1.40. Synchrony Financial has a 12-month low of $25.44 and a 12-month high of $40.59. The firm has a market cap of $18.62 billion, a price-to-earnings ratio of 9.89, a PEG ratio of 0.71 and a beta of 1.05.

Synchrony Financial (NYSE:SYF) last announced its earnings results on Friday, October 19th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11. Synchrony Financial had a net margin of 13.70% and a return on equity of 17.90%. The company had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same period in the previous year, the business earned $0.70 EPS. On average, sell-side analysts forecast that Synchrony Financial will post 3.54 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Monday, November 5th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend was Friday, November 2nd. Synchrony Financial’s dividend payout ratio (DPR) is currently 32.06%.

SYF has been the subject of a number of recent research reports. Compass Point reiterated a “buy” rating and set a $39.00 price objective on shares of Synchrony Financial in a research report on Monday, July 30th. Zacks Investment Research upgraded Synchrony Financial from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Monday, October 8th. Barclays downgraded Synchrony Financial from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $53.00 to $32.00 in a research report on Monday, July 30th. Morgan Stanley cut their price objective on Synchrony Financial from $35.00 to $32.00 and set an “equal weight” rating for the company in a research report on Monday, November 5th. Finally, Stephens reiterated a “hold” rating and set a $32.00 price objective on shares of Synchrony Financial in a research report on Friday, July 27th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $37.06.

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Synchrony Financial Company Profile

Synchrony Financial operates as a consumer financial services company in the United States. The company offers private label credit cards, dual cards, general purpose co-branded credit cards, and small and medium-sized business credit products; and promotional financing for consumer purchases, such as private label credit cards and installment loans.

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

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