Synchrony Financial (NYSE:SYF) Shares Sold by Beese Fulmer Investment Management Inc.

Beese Fulmer Investment Management Inc. cut its holdings in Synchrony Financial (NYSE:SYF) by 0.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 55,687 shares of the financial services provider’s stock after selling 352 shares during the period. Beese Fulmer Investment Management Inc.’s holdings in Synchrony Financial were worth $1,931,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Parallel Advisors LLC lifted its position in Synchrony Financial by 195.0% in the 1st quarter. Parallel Advisors LLC now owns 1,894 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 1,252 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in Synchrony Financial by 40.3% in the 1st quarter. Parkside Financial Bank & Trust now owns 2,016 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 579 shares during the last quarter. Cornerstone Advisors Inc. lifted its position in Synchrony Financial by 482.7% in the 1st quarter. Cornerstone Advisors Inc. now owns 2,016 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 1,670 shares during the last quarter. Close Asset Management Ltd lifted its position in Synchrony Financial by 2,135.2% in the 1st quarter. Close Asset Management Ltd now owns 2,794 shares of the financial services provider’s stock valued at $89,000 after purchasing an additional 2,669 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its position in Synchrony Financial by 134.1% in the 1st quarter. Quadrant Capital Group LLC now owns 2,910 shares of the financial services provider’s stock valued at $86,000 after purchasing an additional 1,667 shares during the last quarter. 84.88% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently weighed in on SYF. Nomura lifted their price objective on shares of Synchrony Financial from $35.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. BTIG Research reiterated a “buy” rating and issued a $42.00 price objective on shares of Synchrony Financial in a research report on Monday. BMO Capital Markets set a $43.00 price objective on shares of Synchrony Financial and gave the company a “buy” rating in a research report on Sunday. Buckingham Research assumed coverage on shares of Synchrony Financial in a research report on Monday. They issued a “buy” rating and a $42.00 price objective on the stock. Finally, Zacks Investment Research upgraded shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Synchrony Financial presently has a consensus rating of “Buy” and a consensus price target of $38.18.

Shares of SYF traded up $0.74 during mid-day trading on Tuesday, hitting $36.08. The company’s stock had a trading volume of 3,856,510 shares, compared to its average volume of 6,238,607. The company has a 50-day moving average of $34.79. The company has a market cap of $24.54 billion, a PE 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 announced its quarterly earnings data on Friday, July 19th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.01. The company had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.19 billion. Synchrony Financial had a net margin of 17.82% and a return on equity of 19.50%. During the same quarter in the previous year, the company posted $0.92 EPS. Equities research analysts forecast that Synchrony Financial will post 4.23 EPS for the current fiscal year.

In other news, insider David P. Melito sold 3,204 shares of Synchrony Financial 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 transaction, the insider now owns 29,476 shares of the company’s stock, valued at approximately $1,002,184. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David P. Melito sold 6,014 shares of Synchrony Financial stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $34.25, for a total transaction of $205,979.50. Following the completion of the transaction, the insider now directly owns 29,476 shares in the company, valued at approximately $1,009,553. The disclosure for this sale can be found here. Insiders sold a total of 137,422 shares of company stock worth $4,657,760 in the last ninety days. Corporate insiders own 0.32% of the company’s stock.

Synchrony Financial Profile

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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