Campbell & CO Investment Adviser LLC grew its position in Synchrony Financial (NYSE:SYF) by 47.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,711 shares of the financial services provider’s stock after purchasing an additional 6,967 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Synchrony Financial were worth $753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. raised its position in shares of Synchrony Financial by 2.4% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 68,199 shares of the financial services provider’s stock valued at $2,364,000 after purchasing an additional 1,602 shares during the last quarter. WINTON GROUP Ltd grew its stake in Synchrony Financial by 944.8% in the 2nd quarter. WINTON GROUP Ltd now owns 660,994 shares of the financial services provider’s stock valued at $22,917,000 after acquiring an additional 597,726 shares during the period. FMR LLC boosted its stake in Synchrony Financial by 1.9% during the 1st quarter. FMR LLC now owns 33,683,582 shares of the financial services provider’s stock worth $1,074,506,000 after purchasing an additional 619,258 shares during the last quarter. Horizon Investments LLC acquired a new stake in Synchrony Financial during the 1st quarter worth $214,000. Finally, Redwood Investment Management LLC acquired a new stake in Synchrony Financial during the 1st quarter worth $2,732,000. 84.88% of the stock is currently owned by hedge funds and other institutional investors.

In other Synchrony Financial news, insider Margaret M. Keane sold 125,000 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $33.82, for a total value of $4,227,500.00. Following the completion of the transaction, the insider now owns 648,901 shares of the company’s stock, valued at approximately $21,945,831.82. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider David P. Melito sold 3,204 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $34.00, for a total value of $108,936.00. Following the completion of the transaction, the insider now directly owns 29,476 shares of the company’s stock, valued at approximately $1,002,184. The disclosure for this sale can be found here. Insiders sold 137,422 shares of company stock valued at $4,657,760 in the last ninety days. Insiders own 0.32% of the company’s stock.

Several analysts recently issued reports on SYF shares. Zacks Investment Research upgraded shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. Nomura boosted their price objective on Synchrony Financial from $35.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. ValuEngine downgraded Ultrapar Participacoes from a “sell” rating to a “strong sell” rating in a report on Thursday, April 25th. Morgan Stanley downgraded Silicon Motion Technology from an “equal weight” rating to an “underweight” rating in a report on Monday, April 22nd. Finally, BTIG Research reiterated a “buy” rating and issued a $42.00 price objective on shares of Synchrony Financial in a research note on Monday. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $38.18.

Shares of Synchrony Financial stock traded up $0.74 on Tuesday, reaching $36.08. 3,856,510 shares of the company were exchanged, compared to its average volume of 6,238,607. The business has a fifty day simple moving average of $34.79. The stock has a market cap of $24.54 billion, a price-to-earnings ratio of 9.65, a price-to-earnings-growth ratio of 0.86 and a beta of 1.19. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.36 and a quick ratio of 1.25. Synchrony Financial has a fifty-two week low of $21.77 and a fifty-two week high of $36.24.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results on Friday, July 19th. The financial services provider reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. Synchrony Financial had a return on equity of 19.50% and a net margin of 17.82%. The business had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.19 billion. During the same quarter in the previous year, the company posted $0.92 earnings per share. As a group, research analysts anticipate that Synchrony Financial will post 4.23 EPS for the current year.

About Synchrony Financial

Synchrony Financial operates as a consumer financial services company in the United States. The company offers private label credit cards, dual cards, general purpose co-branded credit cards, and small and medium-sized business credit products; and promotional financing for consumer purchases, such as private label credit cards and installment loans.

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

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