United Capital Financial Advisers LLC Acquires 538 Shares of Synchrony Financial (SYF)

Barsaba Taglieri
Luglio 16, 2017

COPYRIGHT VIOLATION WARNING: "Sanders Capital LLC Raises Stake in Synchrony Financial (SYF)" was first posted by Transcript Daily and is owned by of Transcript Daily. The fund owned 3,667,370 shares of the financial services provider's stock after buying an additional 1,353,070 shares during the period. United Capital Financial Advisers LLC's holdings in Synchrony Financial were worth $234,000 as of its most recent filing with the SEC. Vanguard Group Inc. boosted its stake in shares of Brookline Bancorp by 4.8% in the first quarter. Coconut Grove Bank now owns 4,480 shares of the financial services provider's stock valued at $154,000 after buying an additional 2,170 shares during the last quarter. BlackRock Inc. boosted its stake in Synchrony Financial by 2,275.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 836,861 shares of the financial services provider's stock valued at $24,955,000 after buying an additional 3,788 shares in the last quarter. Mn Services Vermogensbeheer B.V. now owns 131,631 shares of the financial services provider's stock valued at $3,925,000 after buying an additional 109,617 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Synchrony Financial by 46.7% in the first quarter. Following the acquisition, the director now directly owns 55,389 shares in the company, valued at approximately $1,539,814.20.

Synchrony Financial (NYSE:SYF) traded up 0.41% during midday trading on Friday, reaching $29.48. The current trading volume of 3.92 sits 146.43% lower than the past 3 month's readings, indicating near-term traders have been less active toward SYF than usual of late. The company has a 50 day moving average of $28.13 and a 200-day moving average of $33.15. Associated Banc-Corp bought 11,920 shares as the company's stock declined 26.83% while stock markets rallied.

The stock volatility for week was 1.63% while for month was 1.88%.The stock, as of last close, traded 12.88% to its 52 week low and was changed -22.85% from its 52 week high.SYF's value Change from Open was at 0.51% with a Gap of -0.41%.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results on Friday, April 28th. The financial services provider reported $0.61 EPS for the quarter, missing analysts' consensus estimates of $0.74 by $0.13. The company had revenue of $3.59 billion for the quarter, compared to analysts' expectations of $3.54 billion. Currently, Synchrony Financial net profit margin for the 12 months is at 15.21%. After $0.61 actual EPS reported by Synchrony Financial for the previous quarter, Wall Street now forecasts -1.64% negative EPS growth. On average, analysts forecast that Synchrony Financial will post $2.58 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This news story was originally published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this piece on another domain, it was stolen and republished in violation of United States and global copyright laws. The correct version of this story can be accessed at https://www.thestockobserver.com/2017/07/15/synchrony-financial-syf-shares-bought-by-teachers-retirement-system-of-the-state-of-kentucky-updated.html.

A number of other large investors have also added to or reduced their stakes in SYF. They presently have a $40.00 target price on the financial services provider's stock. Wells Fargo & Company assumed coverage on Synchrony Financial in a report on Wednesday, March 29th. The stock has "Outperform" rating by Scotia Capital on Tuesday, August 30. JMP Securities reiterated an "outperform" rating and issued a $35.00 price objective (down previously from $41.00) on shares of Synchrony Financial in a research report on Monday, May 1st.

A number of other equities research analysts also recently issued reports on the stock. Eight investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock was acquired at an average cost of $27.80 per share, for a total transaction of $500,400.00. Insiders own 0.03% of the company's stock. Synchrony Financial Credit Services has a PEG of 1.27 alongside a PS value of 1.59 and a PB value of 1.66. The Company's revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit.

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