TD Asset Management Inc. Sells 20227 Shares of Synchrony Financial (SYF)

Wells Fargo & Company MN now owns 6,245,162 shares of the financial services provider's stock valued at $214,209,000 after buying an additional 363,874 shares during the last quarter. SRB Corp raised its stake in Synchrony Financial by 23.1% in the third quarter. The hedge fund run by Benjamin A. Smith held 2.73 million shares of the consumer services company at the end of 2016Q4, valued at $99.11M, up from 1.55M at the end of the previous reported quarter. The Investment Management Services segment, through the United States Global Investors Funds, offers offshore clients, and an exchange traded fund (ETF) client, a range of investment management services and products to meet the needs of individual and institutional investors. About shares traded. Synchrony Financial (NYSE:SYF) has declined 10.35% since June 16, 2016 and is downtrending.

The SMA20 for the stock is at 6.58 percent, SMA50 stands at -0.44 percent, while SMA200 is -7.99 Percent, according to Finviz reported data. The stock has a market cap of $23.79 billion, a price-to-earnings ratio of 11.19 and a beta of 1.02. The company's 50-day moving average is $27.83 and its 200-day moving average is $33.53.

Synchrony Financial (SYF) is an interesting player in the Financial space, with a focus on Credit Services. British Columbia Investment Management Corp now owns 564,107 shares of the financial services provider's stock valued at $19,349,000 after buying an additional 138,113 shares during the last quarter.

12 analysts on average are expecting the company to report revenue of $3.59 Billion for the current quarter. Citigroup maintained Synchrony Financial (NYSE:SYF) on Wednesday, June 15 with "Buy" rating. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.74 by $0.13. During the same quarter in the prior year, the business earned $0.70 EPS. Stockholders of record on Monday, May 8th were issued a $0.13 dividend. The ex-dividend date of this dividend was Thursday, May 4th.

The stock decreased 0.66% or $0.01 on June 15, reaching $1.5. Finemark National Bank & Trust acquired 16,121 shares as Synchrony Finl (SYF)'s stock declined 26.83%.

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Several brokerages recently weighed in on SYF. Finally, Jefferies Group LLC reissued a "buy" rating and set a $40.00 price target on shares of Synchrony Financial in a research note on Friday, June 9th. As per Tuesday, October 20, the company rating was upgraded by Nomura. BMO Capital Markets restated a "buy" rating and set a $38.00 price objective on shares of Synchrony Financial in a research report on Tuesday, April 11th. Finally, Oppenheimer Holdings, Inc. began coverage on Synchrony Financial in a research report on Tuesday, April 11th. The rating was maintained by RBC Capital Markets on Thursday, April 28 with "Outperform".

Among 47 analysts covering Facebook (NASDAQ:FB), 44 have Buy rating, 1 Sell and 2 Hold. The stock now has a consensus rating of "Buy" and a consensus price target of $37.71.

More important recent Synchrony Financial (NYSE:SYF) news were published by: Realmoney.Thestreet.com which released: "Just Checking - Did You Take My Advice on Synchrony Financial?" on May 24, 2017, also Fool.com published article titled: "Is Synchrony Financial Wrong to Raise Its Dividend Now?", Zacks.com published: "5 Reasons to Sell Synchrony Financial (SYF) Stock Right Now" on June 05, 2017. The stock was sold at an average price of $34.24, for a total transaction of $25,611.52. Also, insider David P. Melito sold 748 shares of the company's stock in a transaction dated Wednesday, April 5th. Also, Director Will W. Graylin bought 18,000 shares of the company's stock in a transaction that occurred on Monday, May 1st. Raymond James Trust N.A. now owns 6,625 shares of the financial services provider's stock valued at $227,000 after buying an additional 274 shares during the period.

Melvin Capital Management Lp increased Deere & Co (NYSE:DE) stake by 1.15 million shares to 1.75M valued at $180.32 million in 2016Q4. The disclosure for this sale can be found here. Insiders own 0.03% of the company's stock. The Company's revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit.

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