Synchrony Financial (SYF) Shares Bought by National Pension Service

Oceane Deschanel
Julho 16, 2017

JPMorgan Chase & Co. now owns 10,529,375 shares of the financial services provider's stock valued at $361,158,000 after buying an additional 3,354,021 shares during the period.

In other Synchrony Financial news, Director Will W. Graylin purchased 18,000 shares of the company's stock in a transaction dated Monday, May 1st. Point72 Asset Management L.P. owned 0.45% of Synchrony Financial worth $125,791,000 at the end of the most recent quarter.

Synchrony Financial (NYSE SYF) transacted up 0.10% through out intraday market trading on early Wednesday, topping $29.36. the firms shares had a trading volume of 4,742,338 Stocks. BlackRock Inc. boosted its stake in Synchrony Financial by 2,275.1% in the first quarter. Beese Fulmer Investment Management Inc. now owns 75,860 shares of the financial services provider's stock valued at $2,262,000 after buying an additional 571 shares in the last quarter. FMR LLC boosted its stake in Synchrony Financial by 5.5% in the first quarter. FMR LLC now owns 29,089,365 shares of the financial services provider's stock worth $997,766,000 after buying an additional 1,507,342 shares during the period. WFG Advisors LP increased its position in shares of Synchrony Financial by 177,871.4% in the fourth quarter. The firm owned 2,637,962 shares of the financial services provider's stock after buying an additional 43,100 shares during the period. Coconut Grove Bank increased its stake in Synchrony Financial by 93.9% in the first quarter.

EPS in next five year years is expected to touch 8.82% while EPS growth in past 5 year was 3.50% along with sales growth of 10.10% in the last five years. Hedge funds and other institutional investors own 88.93% of the company's stock.

Synchrony Financial (SYF) opened at 29.33 on Thursday. The company saw 4.78 million shares trade hands over the course of the day. The firm's 50-day moving average is $28.13 and its 200 day moving average is $33.15. The company has market cap of $23.76 billion. Synchrony Financial has a 12-month low of $26.01 and a 12-month high of $38.06.

Synchrony Financial (SYF) will report its next earnings on Jul 21 BMO. They expect $0.60 EPS, up 3.45% or $0.02 from last year's $0.58 per share. Synchrony Financial had a return on equity of 15.42% and a net margin of 14.21%. The business had revenue of $3.59 billion for the quarter, compared to analysts' expectations of $3.54 billion. During the same quarter in the previous year, the firm posted $0.70 EPS.

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These analysts also forecasted Growth Estimates for the Current Quarter for SYF to be -1.7%.

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Several equities research analysts recently commented on the company.

The market experts are predicting a 39.65% rally, based on the high target price ($41) for Synchrony Financial shares that is likely to be hit in the 52 weeks. Laurion Capital Management Lp who had been investing in Synchrony Finl (Call) for a number of months, seems to be bullish on the $23.91B market cap company. Oppenheimer Holdings, Inc. restated a "hold" rating on shares of Synchrony Financial in a report on Sunday, April 30th. Synchrony Financial P/E (price to earnings) ratio is 11.19 and Forward P/E ratio of 9.17. Eight investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Keefe, Bruyette & Woods reiterated a "buy" rating and set a $44.00 price target on shares of Synchrony Financial in a research report on Tuesday, April 11th. The shares were acquired at an average price of $27.80 per share, for a total transaction of $500,400.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

The best measure of a company is its profitability, for without it, it can not grow, and if it doesn't grow, then its stock will trend downward.

How Active Are Synchrony Financial (NYSE:SYF) Shares? 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.

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