Artemis Investment Management LLP Lowers Stock Position in Synchrony Financial (NYSE:SYF)

Artemis Investment Management LLP decreased its position in shares of Synchrony Financial (NYSE:SYF) by 31.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,527,618 shares of the financial services provider’s stock after selling 710,415 shares during the period. Artemis Investment Management LLP’s holdings in Synchrony Financial were worth $54,975,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Garrett Wealth Advisory Group LLC purchased a new stake in shares of Synchrony Financial during the 3rd quarter worth approximately $26,000. Captrust Financial Advisors raised its holdings in Synchrony Financial by 321.5% in the 2nd quarter. Captrust Financial Advisors now owns 843 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 643 shares during the last quarter. NewSquare Capital LLC acquired a new position in Synchrony Financial in the 2nd quarter valued at $42,000. Quantum Capital Management acquired a new position in Synchrony Financial in the 3rd quarter valued at $43,000. Finally, Wealthcare Advisory Partners LLC raised its holdings in Synchrony Financial by 3,082.2% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 1,432 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 1,387 shares during the last quarter. 86.83% of the stock is currently owned by institutional investors and hedge funds.

Shares of Synchrony Financial stock traded up $0.19 during trading hours on Tuesday, hitting $35.60. The company’s stock had a trading volume of 1,486,953 shares, compared to its average volume of 4,331,008. The business has a fifty day moving average of $36.67 and a 200 day moving average of $35.10. Synchrony Financial has a 1-year low of $25.45 and a 1-year high of $38.18. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $22.88 billion, a PE ratio of 9.52, a P/E/G ratio of 0.84 and a beta of 1.15.

Synchrony Financial (NYSE:SYF) last posted its earnings results on Friday, October 18th. The financial services provider reported $1.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.10. The business had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.33 billion. Synchrony Financial had a net margin of 19.54% and a return on equity of 20.05%. During the same quarter in the previous year, the business posted $0.91 EPS. On average, sell-side analysts anticipate that Synchrony Financial will post 4.25 earnings per share for the current fiscal year.

SYF has been the subject of several analyst reports. Stephens upgraded Synchrony Financial from an “underweight” rating to an “equal weight” rating in a report on Friday, January 3rd. Oppenheimer set a $39.00 price target on Synchrony Financial and gave the company a “buy” rating in a report on Tuesday, October 15th. ValuEngine downgraded Synchrony Financial from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 17th. Nomura reiterated a “neutral” rating and issued a $38.00 price target (down from $43.00) on shares of Synchrony Financial in a report on Thursday, December 5th. Finally, Bank of America assumed coverage on Synchrony Financial in a report on Monday, December 2nd. They issued a “buy” rating and a $42.00 price target for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. Synchrony Financial presently has a consensus rating of “Buy” and an average target price of $38.92.

Synchrony Financial Company 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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