Synchrony Financial (SYF) Stake Raised by Handelsbanken Fonder AB

Capstone Asset Management Co. cut its stake in shares of Synchrony Financial (NYSE:SYF) by 1.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The stock has "Neutral" rating by Macquarie Research on Wednesday, May 11. BlackRock Inc. now owns 48,272,035 shares of the financial services provider's stock worth $1,655,730,000 after buying an additional 46,239,640 shares during the last quarter. Institutional investors own 88.04% of the company's stock. The rating was initiated by Wells Fargo with "Outperform" on Wednesday, March 29.

Discover Financial Services (NYSE:DFS), stock is trading $74.33 above the 52-week high and has displayed a high EPS growth of 5.30% in last 5 years. It also increased its holding in Onemain Hldgs Inc by 197,490 shares in the quarter, for a total of 662,980 shares, and has risen its stake in First Intst Bancsystem Inc (NASDAQ:FIBK). FMR LLC now owns 29,089,365 shares of the financial services provider's stock worth $997,766,000 after buying an additional 1,507,342 shares during the last quarter. While the company's share hit the 52 week high on 08/02/16 stationing the value of $98.66. IFP Advisors Inc raised its stake in shares of Synchrony Financial by 3.4% in the first quarter.

Synchrony Financial (NYSE:SYF) shows a Forward Annual Dividend Rate of $0.39 and Trailing Annual Dividend Yield of 1.33% according to MorningStar Inc. The stock kicked off the session at $0.96 and later approached $0.93 with a change of -2.11%. The stock's current distance from 20-Day Simple Moving Average (SMA20) is -0.59% where SMA50 and SMA200 are 3.11% and -9.1% respectively. The stock has a market cap of $23.93 billion, a PE ratio of 11.26 and a beta of 1.02.'s news article titled: "Is Synchrony Financial a Great Stock for Value Investors?" with publication date: July 17, 2017 was also an interesting one.

Synchrony Financial (NYSE:SYF) shares saw a recent bid of $29.33 and 4.65M shares have exchanged hands in the recent trading session, yielding a 0.79% gain over the past week.SYF price decreased -1.08% or $0.32 versus $29.65 at the end of the prior session. The financial services provider reported $0.61 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.74 by $0.13. The company had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.54 billion. Synchrony Financial had a net margin of 14.21% and a return on equity of 15.42%.

Last time, the company failed Wall Street by reporting EPS of $0.61, smashing the consensus of $0.73 per share. On average, equities research analysts expect that Synchrony Financial will post $2.58 earnings per share for the current year. This buyback authorization permits the financial services provider to reacquire up to 7.6% of its stock through open market purchases. Shares repurchase plans are often an indication that the company's board believes its shares are undervalued.

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Several equities analysts recently issued reports on SYF shares. The rating was upgraded by Goldman Sachs to "Conviction Buy" on Wednesday, January 13. Finally, DA Davidson dropped their target price on shares of Synchrony Financial from $45.00 to $41.00 and set a "buy" rating on the stock in a research report on Monday, May 1st.

As of now, the increased share price of Synchrony Financial makes it a lucrative buy for investors. Oppenheimer Holdings, Inc. began coverage on shares of Synchrony Financial in a research note on Tuesday, April 11th. Analysts set a 12-month price target of $36.24 a share.

Media headlines about Synchrony Financial (NYSE:SYF) have trended somewhat positive recently, Accern Sentiment Analysis reports. Buckingham Research initiated the shares of SYF in report on Wednesday, August 26 with "Buy" rating. The stock now has an average rating of "Buy" and a consensus target price of $37.58. The shares were acquired at an average cost of $27.80 per share, for a total transaction of $500,400.00. Following the completion of the purchase, the director now directly owns 55,389 shares in the company, valued at $1,539,814.20.

The ROA of Synchrony Financial is now valued at 2.50% indicating how profitable the company is in regards to its total assets. The Firm 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.

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