Quinn Opportunity Partners buys $7,828,817 stake in Synchrony Financial (SYF)

Synchrony Financial (SYF) : Quinn Opportunity Partners scooped up 99,900 additional shares in Synchrony Financial during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 282,833 shares of Synchrony Financial which is valued at $7,828,817.Synchrony Financial makes up approximately 2.82% of Quinn Opportunity Partners’s portfolio.

Other Hedge Funds, Including , Aqr Capital Management boosted its stake in SYF in the latest quarter, The investment management firm added 2,227,046 additional shares and now holds a total of 3,465,396 shares of Synchrony Financial which is valued at $95,922,161. Synchrony Financial makes up approx 0.16% of Aqr Capital Management’s portfolio.Allianz Asset Management Ag reduced its stake in SYF by selling 464,478 shares or 38.91% in the most recent quarter. The Hedge Fund company now holds 729,157 shares of SYF which is valued at $20,183,066. Synchrony Financial makes up approx 0.03% of Allianz Asset Management Ag’s portfolio.Ci Investments boosted its stake in SYF in the latest quarter, The investment management firm added 4,219,374 additional shares and now holds a total of 6,698,178 shares of Synchrony Financial which is valued at $189,022,583. Synchrony Financial makes up approx 2.28% of Ci Investments’s portfolio.Daiwa Securities Group boosted its stake in SYF in the latest quarter, The investment management firm added 700 additional shares and now holds a total of 19,900 shares of Synchrony Financial which is valued at $559,986.Ls Investment Advisors boosted its stake in SYF in the latest quarter, The investment management firm added 31 additional shares and now holds a total of 25,941 shares of Synchrony Financial which is valued at $736,724. Synchrony Financial makes up approx 0.05% of Ls Investment Advisors’s portfolio.

Synchrony Financial closed down -0.07 points or -0.25% at $27.76 with 50,99,241 shares getting traded on Thursday. Post opening the session at $27.83, the shares hit an intraday low of $27.395 and an intraday high of $28.01 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Synchrony Financial reported $0.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 22, 2016. Analyst had a consensus of $0.54.Analysts expectations of $ 2622.20.During the same quarter in the previous year, the company posted $0.65 EPS.

Many Wall Street Analysts have commented on Synchrony Financial. Shares were Reiterated by Jefferies on Jun 15, 2016 to “Buy” and Lowered the Price Target to $ 35 from a previous price target of $42 .

Synchrony Financial (Synchrony) is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of retailers local merchants manufacturers buying groups industry associations and healthcare service providers. The Company’s revenue activities are managed through three sales platforms: Retail Card Payment Solutions and CareCredit. The Company offers two types of credit cards: private label credit cards and Dual Cards. It offers its credit products through its wholly owned subsidiary Synchrony Bank (the Bank). Through the Bank it offers a range of deposit products insured by the Federal Deposit Insurance Corporation (FDIC) including certificates of deposit individual retirement accounts (IRAs) money market accounts and savings accounts under its Optimizer+Plus brand.

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