Teachers Advisors LLC decreased its stake in shares of Synchrony Financial (NYSE:SYF) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,948,691 shares of the financial services provider’s stock after selling 49,213 shares during the period. Teachers Advisors LLC owned about 0.38% of Synchrony Financial worth $113,849,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the stock. CI Investments Inc. lifted its position in Synchrony Financial by 6.5% during the fourth quarter. CI Investments Inc. now owns 11,674,795 shares of the financial services provider’s stock valued at $450,764,000 after purchasing an additional 714,233 shares during the period. UBS Asset Management Americas Inc. lifted its position in Synchrony Financial by 6.4% during the fourth quarter. UBS Asset Management Americas Inc. now owns 7,735,326 shares of the financial services provider’s stock valued at $298,661,000 after purchasing an additional 468,586 shares during the period. Bank of Montreal Can lifted its position in Synchrony Financial by 30.3% during the fourth quarter. Bank of Montreal Can now owns 5,521,901 shares of the financial services provider’s stock valued at $213,200,000 after purchasing an additional 1,284,298 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its position in Synchrony Financial by 14.7% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,712,842 shares of the financial services provider’s stock valued at $181,963,000 after purchasing an additional 603,100 shares during the period. Finally, Legal & General Group Plc lifted its position in Synchrony Financial by 1.3% during the third quarter. Legal & General Group Plc now owns 4,223,135 shares of the financial services provider’s stock valued at $131,135,000 after purchasing an additional 56,003 shares during the period. Institutional investors own 88.65% of the company’s stock.
In other Synchrony Financial news, insider Thomas M. Quindlen sold 10,712 shares of Synchrony Financial stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $36.73, for a total value of $393,451.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Margaret M. Keane sold 13,138 shares of Synchrony Financial stock in a transaction on Thursday, February 15th. The stock was 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 $16,154,202.30. The disclosure for this sale can be found here. Insiders sold a total of 25,850 shares of company stock valued at $955,616 over the last three months. Corporate insiders own 0.03% of the company’s stock.
Synchrony Financial (NYSE:SYF) opened at $36.68 on Wednesday. The firm has a market cap of $28,112.82, a price-to-earnings ratio of 15.22, a P/E/G ratio of 1.43 and a beta of 1.07. Synchrony Financial has a 52 week low of $26.01 and a 52 week high of $40.59. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.45 and a current ratio of 1.45.
Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Friday, January 19th. The financial services provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. Synchrony Financial had a net margin of 11.75% and a return on equity of 14.62%. The business had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.96 billion. During the same period last year, the company posted $0.70 EPS. equities analysts predict that Synchrony Financial will post 3.38 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 5th were paid 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 1.64%. Synchrony Financial’s payout ratio is currently 24.90%.
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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.
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