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.
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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