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Institutional investors are buying Synchrony Financial shares, boosting its stock as earnings beat estimates.
Institutional investors, including Weiss Asset Management LP, have been actively buying Synchrony Financial (SYF) shares, with about 96.5% of the stock now owned by hedge funds and other institutional investors.
Analysts have raised price targets and issued mostly positive ratings, with Deutsche Bank setting a $68.00 price target and a "buy" rating.
Synchrony Financial reported earnings per share of $1.94 for the recent quarter, beating estimates by $0.17, with a 9.8% year-over-year revenue increase.
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Los inversores institucionales están comprando acciones de Synchrony Financial, aumentando sus acciones a medida que las ganancias superan las estimaciones.