Tokio Marine Asset Management Co. Ltd. Has $246,000 Position in Synchrony Financial (SYF)

Tokio Marine Asset Management Co. Ltd. reduced its holdings in Synchrony Financial (NYSE:SYF) by 20.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,928 shares of the financial services provider’s stock after selling 2,097 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Synchrony Financial were worth $246,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Berkshire Hathaway Inc. acquired a new position in Synchrony Financial in the second quarter valued at approximately $520,747,000. Raymond James Financial Services Advisors Inc. lifted its holdings in Synchrony Financial by 15.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 409,428 shares of the financial services provider’s stock valued at $12,209,000 after buying an additional 55,662 shares during the period. Janus Henderson Group PLC lifted its holdings in Synchrony Financial by 1,820.5% in the second quarter. Janus Henderson Group PLC now owns 10,934,573 shares of the financial services provider’s stock valued at $326,070,000 after buying an additional 10,365,219 shares during the period. Amalgamated Bank lifted its holdings in Synchrony Financial by 57.1% in the second quarter. Amalgamated Bank now owns 91,027 shares of the financial services provider’s stock valued at $2,714,000 after buying an additional 33,101 shares during the period. Finally, Pinebridge Investments L.P. lifted its holdings in Synchrony Financial by 2,700.9% in the second quarter. Pinebridge Investments L.P. now owns 219,057 shares of the financial services provider’s stock valued at $6,532,000 after buying an additional 211,236 shares during the period. Institutional investors and hedge funds own 88.60% of the company’s stock.

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Several equities analysts recently weighed in on SYF shares. Instinet restated a “buy” rating and issued a $35.00 price objective (down from $38.00) on shares of Synchrony Financial in a report on Wednesday, July 12th. Jefferies Group LLC restated a “buy” rating and issued a $40.00 price objective on shares of Synchrony Financial in a report on Friday, July 14th. BMO Capital Markets restated a “buy” rating on shares of Synchrony Financial in a report on Friday, July 21st. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Synchrony Financial in a report on Saturday, July 22nd. Finally, Morgan Stanley restated an “overweight” rating and issued a $35.00 price objective (up from $33.00) on shares of Synchrony Financial in a report on Tuesday, July 25th. Twelve analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $36.77.

Shares of Synchrony Financial (SYF) opened at $33.11 on Monday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.38. Synchrony Financial has a 12-month low of $26.01 and a 12-month high of $38.06. The stock has a market cap of $25,911.61, a price-to-earnings ratio of 12.64, a PEG ratio of 1.37 and a beta of 1.02.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Friday, October 20th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.06. Synchrony Financial had a net margin of 13.17% and a return on equity of 14.84%. The company had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the prior year, the firm earned $0.73 earnings per share. research analysts expect that Synchrony Financial will post 2.6 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Monday, November 6th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Friday, November 3rd. Synchrony Financial’s dividend payout ratio is 22.90%.

In other news, insider Jonathan S. Mothner sold 1,000 shares of the stock in a transaction on Friday, October 20th. The shares were sold at an average price of $33.50, for a total transaction of $33,500.00. Following the completion of the sale, the insider now owns 113,578 shares of the company’s stock, valued at $3,804,863. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jonathan S. Mothner sold 1,500 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $32.82, for a total transaction of $49,230.00. Following the sale, the insider now directly owns 113,934 shares of the company’s stock, valued at approximately $3,739,313.88. The disclosure for this sale can be found here. 0.03% of the stock is owned by corporate insiders.

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.

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

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