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RWC Asset Management LLP reported selling 81,537 shares of Synchrony Financial, leaving the company with 10,189 shares. Several other hedge funds have increased their stakes in Synchrony Financial, and 94.72% of the stock is held by hedge funds and other institutional investors. The company’s stock rose 3.7% and reached $38.82 on Friday, with a trading volume of 7,243,561 shares. Synchrony Financial’s market cap is $16.06 billion, and it has a PE ratio of 7.18, a P/E/G ratio of 1.59, and a beta of 1.68. The company released its quarterly earnings results revealing $1.48 earnings per share, surpassing the consensus estimate of $1.43. Synchrony also paid out a quarterly dividend of $0.25 per share. Investment analysts anticipate Synchrony Financial to post 5.13 EPS for the current fiscal year. Several research firms have revised their price target and ratings on Synchrony Financial stock, and one investment analyst has given the stock a sell rating, while nine have issued a hold rating, and seven have provided a buy rating. The stock presently has an average rating of “Hold” with a consensus target price of $35.94. Insiders own 0.65% of the company’s stock, and recent insider transactions have occurred. Synchrony Financial currently has a “Hold” rating among analysts.

Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. The company offers credit products, such as credit cards, commercial credit products, and consumer installment loans, and it provides private label credit cards, dual cards, co-brand and general purpose credit cards, short- and long-term installment loans, and consumer banking products. The company also offers deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts to retail and commercial customers, and it accepts deposits through third-party securities brokerage firms.



Read more: RWC Asset Management LLP Decreases Stock Position in Synchrony Financial (NYSE:SYF)