113,247 Shares in Synchrony Financial (SYF) Acquired by Moon Capital Management LLC

Moon Capital Management LLC bought a new stake in Synchrony Financial (NYSE:SYF) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 113,247 shares of the financial services provider’s stock, valued at approximately $4,372,000. Synchrony Financial accounts for about 4.5% of Moon Capital Management LLC’s holdings, making the stock its 10th largest holding.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Synchrony Financial by 1.9% in the second quarter. Vanguard Group Inc. now owns 52,233,692 shares of the financial services provider’s stock valued at $1,557,609,000 after purchasing an additional 956,331 shares during the last quarter. FMR LLC raised its position in Synchrony Financial by 27.1% in the second quarter. FMR LLC now owns 36,964,054 shares of the financial services provider’s stock valued at $1,102,267,000 after purchasing an additional 7,874,689 shares during the last quarter. First Eagle Investment Management LLC raised its position in Synchrony Financial by 2.1% in the third quarter. First Eagle Investment Management LLC now owns 17,666,015 shares of the financial services provider’s stock valued at $548,530,000 after purchasing an additional 362,810 shares during the last quarter. Berkshire Hathaway Inc. bought a new position in Synchrony Financial in the second quarter valued at about $520,747,000. Finally, CI Investments Inc. raised its position in Synchrony Financial by 7.5% in the third quarter. CI Investments Inc. now owns 10,960,562 shares of the financial services provider’s stock valued at $340,325,000 after purchasing an additional 766,368 shares during the last quarter. Hedge funds and other institutional investors own 85.46% of the company’s stock.

Shares of Synchrony Financial (NYSE:SYF) traded up $0.18 during mid-day trading on Wednesday, reaching $39.44. The company’s stock had a trading volume of 6,594,300 shares, compared to its average volume of 4,590,067. The company has a market capitalization of $31,120.00, a P/E ratio of 15.00, a P/E/G ratio of 1.62 and a beta of 1.06. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.47 and a current ratio of 1.47. Synchrony Financial has a 1-year low of $26.01 and a 1-year high of $39.86.

Synchrony Financial (NYSE:SYF) last issued its earnings results on Friday, October 20th. The financial services provider reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.06. The business had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.78 billion. Synchrony Financial had a return on equity of 14.84% and a net margin of 13.17%. During the same period in the previous year, the company posted $0.73 earnings per share. research analysts predict that Synchrony Financial will post 2.57 EPS for the current year.

In other Synchrony Financial news, insider Jonathan S. Mothner sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $32.82, for a total value of $49,230.00. Following the completion of the sale, the insider now owns 113,934 shares of the company’s stock, valued at $3,739,313.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jonathan S. Mothner sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $33.50, for a total value of $33,500.00. Following the completion of the sale, the insider now directly owns 113,578 shares of the company’s stock, valued at approximately $3,804,863. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,961 shares of company stock valued at $244,508. 0.03% of the stock is currently owned by corporate insiders.

A number of equities analysts have recently issued reports on SYF shares. Jefferies Group restated a “buy” rating and set a $40.00 price objective on shares of Synchrony Financial in a research report on Thursday, September 21st. Zacks Investment Research downgraded Synchrony Financial from a “hold” rating to a “sell” rating in a research report on Monday, September 25th. Bank of America downgraded Synchrony Financial from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $35.00 to $33.00 in a research report on Friday, October 6th. Wells Fargo & Co started coverage on Synchrony Financial in a research report on Tuesday, October 10th. They set a “market perform” rating and a $33.00 price objective for the company. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $39.00 price objective on shares of Synchrony Financial in a research report on Thursday, October 12th. Ten equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $38.30.

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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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