Foundry Partners LLC Invests $221,000 in Synchrony Financial (NYSE:SYF)

Foundry Partners LLC bought a new position in Synchrony Financial (NYSE:SYF) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,790 shares of the financial services provider’s stock, valued at approximately $221,000.

Other institutional investors have also recently modified their holdings of the company. Exchange Traded Concepts LLC purchased a new stake in shares of Synchrony Financial in the third quarter worth $35,000. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Synchrony Financial by 44.1% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,274 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 390 shares in the last quarter. Wetzel Investment Advisors Inc. bought a new position in shares of Synchrony Financial during the fourth quarter valued at $55,000. Private Trust Co. NA lifted its holdings in shares of Synchrony Financial by 13.4% during the fourth quarter. Private Trust Co. NA now owns 2,711 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 320 shares in the last quarter. Finally, Systematic Alpha Investments LLC bought a new position in shares of Synchrony Financial during the third quarter valued at $100,000. 96.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Wells Fargo & Company upped their price target on Synchrony Financial from $38.00 to $45.00 and gave the company an “equal weight” rating in a report on Wednesday, April 10th. Oppenheimer reaffirmed a “market perform” rating on shares of Synchrony Financial in a report on Wednesday, March 6th. Bank of America upped their price target on Synchrony Financial from $41.00 to $43.00 and gave the company a “neutral” rating in a report on Wednesday, March 6th. Stephens increased their target price on Synchrony Financial from $40.00 to $46.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Finally, Wolfe Research raised Synchrony Financial from an “underperform” rating to an “outperform” rating and increased their target price for the company from $36.00 to $50.00 in a report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Synchrony Financial currently has a consensus rating of “Hold” and an average price target of $41.44.

Synchrony Financial Stock Performance

Shares of SYF opened at $42.88 on Wednesday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.21. The business has a 50-day simple moving average of $41.35 and a two-hundred day simple moving average of $36.64. The stock has a market cap of $17.44 billion, a price-to-earnings ratio of 8.28, a PEG ratio of 1.05 and a beta of 1.61. Synchrony Financial has a 52 week low of $26.59 and a 52 week high of $43.83.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.10. Synchrony Financial had a return on equity of 17.37% and a net margin of 10.68%. The business had revenue of $5.55 billion during the quarter, compared to analysts’ expectations of $4.45 billion. During the same quarter in the prior year, the business posted $1.26 earnings per share. On average, analysts expect that Synchrony Financial will post 5.54 EPS for the current year.

Insider Buying and Selling

In related news, insider Curtis Howse sold 6,179 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $42.82, for a total transaction of $264,584.78. Following the completion of the sale, the insider now owns 152,604 shares in the company, valued at $6,534,503.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Brian D. Doubles sold 134,696 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $41.26, for a total transaction of $5,557,556.96. Following the completion of the sale, the insider now owns 660,353 shares in the company, valued at $27,246,164.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Curtis Howse sold 6,179 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $42.82, for a total value of $264,584.78. Following the sale, the insider now owns 152,604 shares of the company’s stock, valued at approximately $6,534,503.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 148,158 shares of company stock worth $6,106,106. 0.65% of the stock is owned by corporate insiders.

About Synchrony Financial

Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products, and consumer installment loans. The company also offers private label credit cards, dual co-brand and general purpose credit cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts, and sweep and affinity deposits, as well as accepts deposits through third-party securities brokerage firms.