Mutual of America Capital Management LLC Acquires 10,548 Shares of Synchrony Financial (SYF)

Mutual of America Capital Management LLC boosted its holdings in shares of Synchrony Financial (NYSE:SYF) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 214,768 shares of the financial services provider’s stock after purchasing an additional 10,548 shares during the period. Mutual of America Capital Management LLC’s holdings in Synchrony Financial were worth $8,292,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Advisor Group Inc. raised its holdings in shares of Synchrony Financial by 14.6% during the second quarter. Advisor Group Inc. now owns 11,015 shares of the financial services provider’s stock valued at $329,000 after acquiring an additional 1,400 shares during the period. HighTower Advisors LLC raised its holdings in shares of Synchrony Financial by 43.4% during the second quarter. HighTower Advisors LLC now owns 21,274 shares of the financial services provider’s stock valued at $635,000 after acquiring an additional 6,439 shares during the period. AHL Partners LLP raised its holdings in shares of Synchrony Financial by 80.6% during the second quarter. AHL Partners LLP now owns 239,397 shares of the financial services provider’s stock valued at $7,139,000 after acquiring an additional 106,818 shares during the period. Capital World Investors acquired a new stake in shares of Synchrony Financial during the second quarter valued at approximately $202,269,000. Finally, Macquarie Group Ltd. raised its holdings in shares of Synchrony Financial by 10.2% during the second quarter. Macquarie Group Ltd. now owns 183,246 shares of the financial services provider’s stock valued at $5,464,000 after acquiring an additional 16,994 shares during the period. 87.04% of the stock is owned by institutional investors and hedge funds.

In other Synchrony Financial news, Director Laurel Richie acquired 1,000 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was bought at an average price of $34.20 per share, for a total transaction of $34,200.00. Following the purchase, the director now owns 8,608 shares in the company, valued at approximately $294,393.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Olympia J. Snowe acquired 3,000 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was acquired at an average price of $33.40 per share, with a total value of $100,200.00. Following the purchase, the director now owns 10,608 shares in the company, valued at approximately $354,307.20. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 6,461 shares of company stock valued at $241,778. Corporate insiders own 0.03% of the company’s stock.

Several research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Synchrony Financial from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Wednesday. Oppenheimer reiterated a “hold” rating on shares of Synchrony Financial in a research note on Tuesday, October 31st. Barclays set a $53.00 price objective on shares of Synchrony Financial and gave the company a “buy” rating in a research note on Monday, January 22nd. Morgan Stanley upped their price objective on shares of Synchrony Financial from $32.00 to $35.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $39.00 target price on shares of Synchrony Financial in a research report on Thursday, October 12th. Nine research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $38.30.

Shares of Synchrony Financial (NYSE:SYF) opened at $39.66 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.45 and a debt-to-equity ratio of 1.46. Synchrony Financial has a 1-year low of $26.01 and a 1-year high of $40.59. The firm has a market cap of $30,573.44 and a price-to-earnings ratio of 15.15.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results on Friday, January 19th. The financial services provider reported $0.70 earnings per share for the quarter, beating 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 firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same period in the prior year, the firm earned $0.70 EPS. equities research analysts predict that Synchrony Financial will post 3.38 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Monday, February 5th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Friday, February 2nd. Synchrony Financial’s dividend payout ratio is 24.90%.

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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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