Todd Asset Management LLC significantly reduced its stake in Synchrony Financial ($SYF) by selling 134,219 shares in the third quarter, decreasing its holdings by 28.0%. Despite this, institutional investors and hedge funds still own 96.48% of the company’s stock, which recently announced a quarterly dividend of $0.30 per share. Analysts have a “Moderate Buy” rating on SYF with a consensus target price of $87.11, following recent upgrades and downgrades, while company insiders have also sold shares.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Todd Asset Management LLC Sells 134,219 Shares of Synchrony Financial $SYF
Todd Asset Management LLC significantly reduced its stake in Synchrony Financial ($SYF) by selling 134,219 shares in the third quarter, decreasing its holdings by 28.0%. Despite this, institutional investors and hedge funds still own 96.48% of the company’s stock, which recently announced a quarterly dividend of $0.30 per share. Analysts have a “Moderate Buy” rating on SYF with a consensus target price of $87.11, following recent upgrades and downgrades, while company insiders have also sold shares.