Wilsey Asset Management Inc. lifted its stake in Synchrony Financial (NYSE:SYF) by 5.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 541,376 shares of the financial services provider’s stock after purchasing an additional 25,615 shares during the period. Synchrony Financial makes up 6.2% of Wilsey Asset Management Inc.’s investment portfolio, making the stock its 7th largest holding. Wilsey Asset Management Inc. owned 0.09% of Synchrony Financial worth $14,168,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Valeo Financial Advisors LLC lifted its stake in shares of Synchrony Financial by 329.6% in the second quarter. Valeo Financial Advisors LLC now owns 1,177 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 903 shares during the period. First Horizon Advisors Inc. acquired a new position in Synchrony Financial during the second quarter worth about $26,000. Flagship Harbor Advisors LLC raised its position in Synchrony Financial by 1,541.7% during the third quarter. Flagship Harbor Advisors LLC now owns 1,379 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 1,295 shares during the last quarter. Creative Financial Designs Inc. ADV acquired a new position in Synchrony Financial during the second quarter worth about $36,000. Finally, Evolution Wealth Advisors LLC acquired a new position in Synchrony Financial during the third quarter worth about $53,000. Hedge funds and other institutional investors own 91.75% of the company’s stock.

A number of equities analysts have issued reports on SYF shares. JPMorgan Chase & Co. lifted their target price on shares of Synchrony Financial from $24.50 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, October 9th. ValuEngine cut shares of Synchrony Financial from a “hold” rating to a “sell” rating in a research report on Thursday, October 1st. UBS Group lifted their target price on shares of Synchrony Financial from $18.00 to $26.00 and gave the stock a “neutral” rating in a research report on Monday, June 22nd. Citigroup lifted their target price on shares of Synchrony Financial from $19.00 to $22.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Finally, Zacks Investment Research upgraded shares of Synchrony Financial from a “sell” rating to a “hold” rating and set a $24.00 price target for the company in a report on Thursday, July 23rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $26.14.

Synchrony Financial stock traded up $0.28 during trading on Friday, reaching $29.38. The company had a trading volume of 3,656,599 shares, compared to its average volume of 7,708,425. Synchrony Financial has a 12-month low of $12.15 and a 12-month high of $38.18. The stock’s 50 day moving average price is $26.60 and its two-hundred day moving average price is $22.25. The firm has a market capitalization of $17.15 billion, a price-to-earnings ratio of 9.01, a PEG ratio of 3.07 and a beta of 1.70. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.24 and a current ratio of 1.24.

Synchrony Financial (NYSE:SYF) last released its earnings results on Tuesday, July 21st. The financial services provider reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. Synchrony Financial had a net margin of 11.79% and a return on equity of 14.73%. The firm had revenue of $950.00 million during the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the previous year, the firm earned $0.97 earnings per share. Synchrony Financial’s revenue was down 54.7% compared to the same quarter last year. As a group, research analysts expect that Synchrony Financial will post 1.52 earnings per share for the current year.

In related news, Director P.W. Parker bought 10,000 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was purchased at an average cost of $23.32 per share, for a total transaction of $233,200.00. Following the completion of the acquisition, the director now owns 10,000 shares in the company, valued at $233,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.45% of the stock is currently owned by insiders.

Synchrony Financial Profile

Synchrony Financial operates as a consumer financial services company in the United States. It delivers a range of specialized financing programs and consumer banking products to digital, retail, home, auto, travel, health, and pet industries. The company also 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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