Synchrony Financial (SYF) Holdings Trimmed by Kirr Marbach & Co. LLC IN

Kirr Marbach & Co. LLC IN lessened its holdings in shares of Synchrony Financial (NYSE:SYF) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 283,387 shares of the financial services provider’s stock after selling 3,570 shares during the quarter. Synchrony Financial makes up approximately 2.2% of Kirr Marbach & Co. LLC IN’s investment portfolio, making the stock its 25th largest position. Kirr Marbach & Co. LLC IN’s holdings in Synchrony Financial were worth $10,942,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Berkshire Hathaway Inc. bought a new stake in shares of Synchrony Financial during the second quarter worth approximately $520,747,000. Janus Henderson Group PLC boosted its holdings in shares of Synchrony Financial by 1,820.5% during the second quarter. Janus Henderson Group PLC now owns 10,934,573 shares of the financial services provider’s stock worth $326,070,000 after acquiring an additional 10,365,219 shares during the period. Capital World Investors bought a new stake in shares of Synchrony Financial during the second quarter worth approximately $202,269,000. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Synchrony Financial by 2,777.1% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,109,742 shares of the financial services provider’s stock worth $128,144,000 after acquiring an additional 3,966,900 shares during the period. Finally, Bank of Montreal Can boosted its holdings in shares of 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 worth $213,200,000 after acquiring an additional 1,284,298 shares during the period. 85.61% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Synchrony Financial (NYSE:SYF) traded up $1.05 during mid-day trading on Monday, hitting $39.52. The company had a trading volume of 15,120,000 shares, compared to its average volume of 6,560,000. The company has a current ratio of 1.45, a quick ratio of 1.47 and a debt-to-equity ratio of 1.46. The company has a market capitalization of $30,930.00, a PE ratio of 16.33, a P/E/G ratio of 1.47 and a beta of 1.06. Synchrony Financial has a fifty-two week low of $26.01 and a fifty-two week high of $40.17.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results on Friday, January 19th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.07. The business had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Synchrony Financial had a return on equity of 14.62% and a net margin of 11.75%. During the same period in the previous year, the company posted $0.70 earnings per share. equities research analysts predict that Synchrony Financial will post 3.42 earnings per share for the current fiscal year.

In other Synchrony Financial news, insider David P. Melito sold 1,881 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $38.00, for a total transaction of $71,478.00. Following the completion of the sale, the insider now directly owns 43,140 shares in the company, valued at $1,639,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David P. Melito sold 2,580 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $35.00, for a total value of $90,300.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,961 shares of company stock valued at $291,008. 0.03% of the stock is currently owned by corporate insiders.

SYF has been the subject of a number of research analyst reports. Zacks Investment Research cut Synchrony Financial from a “hold” rating to a “sell” rating in a report on Monday, September 25th. Bank of America cut Synchrony Financial from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $35.00 to $33.00 in a report on Friday, October 6th. Wells Fargo & Co initiated coverage on Synchrony Financial in a report on Tuesday, October 10th. They set a “market perform” rating and a $33.00 price objective for the company. Keefe, Bruyette & Woods restated a “buy” rating and set a $39.00 price objective on shares of Synchrony Financial in a report on Thursday, October 12th. Finally, Oppenheimer restated a “hold” rating on shares of Synchrony Financial in a report on Friday, October 20th. Ten equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $38.40.

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Synchrony Financial 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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