Synchrony Financial (NYSE:SYF).
Hosking Partners Llp says it increased its investment in Synchrony Financial stock by 0.4% in the quarter ending 09/30/2017. Its investment was worth $49,732,000 an increase of 4.6% as of quarter end.
The following firms have recently changed their position in SYF. Agf Investments Inc. added to its holdings by buying 59,783 shares an increase of 7.7%. Agf Investments Inc. now controls 840,694 shares valued at $26,104,000. The total value of its holdings increased 12.1%. Greenleaf Trust grew its position by buying 361 shares an increase of 0.2% as of 09/30/2017. Greenleaf Trust controls 218,014 shares worth $6,769,000. The value of the position overall is up by 4.3%.
Frontier Investment Mgmt Co divested its investment by selling 135 shares a decrease of 0.1% in the quarter. Frontier Investment Mgmt Co now holds 101,193 shares with a value of $3,142,000. The value of the position overall is up by 4.0%.
October 31 investment analysts at Oppenheimer Holdings reiterated a “Hold” rating on the stock. On October 23 analysts at Barclays PLC updated coverage of SYF with a rating of “Buy” and projecting a price target of $40.00.
Wells Fargo & Company raised the price target on October 23 boosting the projection from $33.00 to $35.00 with a “Market Perform” recommendation. Equity analyst JMP Securities raised the price target of the stock on October 23 changing the forecast from $35.00 to $37.00 and issued a “Market Outperform” recommendation.
Equity analyst Morgan Stanley raised the price target on October 23 changing the price objective from $32.00 to $35.00 with a rating of “Equal Weight”. On October 20, 2017 Oppenheimer Holdings kept a “Hold” rating on the company.
The company is now down by 0.25% since yesterday’s close of 32.56. The P/E ratio is 12.37 and market cap is 25.42B. As of the last earnings report the EPS was $2.63 with 782.59M shares currently outstanding.
Traders are feeling more bullish on shares of the company of late if you take into consideration the fall in short interest. The stock experienced a fall in short interest of -12.80% as of October 13, 2017 from the last reporting period. Short interest decreased 1,420,746 over that period. Days to cover decreased from 2.0 to 2.0 and the percentage of shorted shares was 0.01% on October 13.