Quinn Opportunity Partners Lowers stake in Synchrony Financial (SYF)

Synchrony Financial (SYF) : Quinn Opportunity Partners reduced its stake in Synchrony Financial by 1.41% during the most recent quarter end. The investment management company now holds a total of 278,833 shares of Synchrony Financial which is valued at $9,402,249 after selling 4,000 shares in Synchrony Financial , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Synchrony Financial makes up approximately 3.19% of Quinn Opportunity Partners’s portfolio.

Other Hedge Funds, Including , Omega Advisors reduced its stake in SYF by selling 483,300 shares or 22.07% in the most recent quarter. The Hedge Fund company now holds 1,706,167 shares of SYF which is valued at $57,531,951. Synchrony Financial makes up approx 1.77% of Omega Advisors’s portfolio.Credit Agricole S A reduced its stake in SYF by selling 369,471 shares or 54.94% in the most recent quarter. The Hedge Fund company now holds 303,072 shares of SYF which is valued at $9,580,106. Synchrony Financial makes up approx 0.03% of Credit Agricole S A’s portfolio. Pax World Management sold out all of its stake in SYF during the most recent quarter. The investment firm sold 340,000 shares of SYF which is valued $10,274,800.Emerald Acquisition Ltd. reduced its stake in SYF by selling 1,500,696 shares or 35.7% in the most recent quarter. The Hedge Fund company now holds 2,703,275 shares of SYF which is valued at $81,692,971. Synchrony Financial makes up approx 0.16% of Emerald Acquisition Ltd.’s portfolio.First Eagle Investment Management boosted its stake in SYF in the latest quarter, The investment management firm added 230,732 additional shares and now holds a total of 16,481,807 shares of Synchrony Financial which is valued at $479,785,402. Synchrony Financial makes up approx 1.24% of First Eagle Investment Management’s portfolio.

Synchrony Financial opened for trading at $33.49 and hit $33.69 on the upside on Monday, eventually ending the session at $33.62, with a gain of 0.57% or 0.19 points. The heightened volatility saw the trading volume jump to 70,69,522 shares. Company has a market cap of $27,752 M.

On the company’s financial health, Synchrony Financial reported $0.73 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Oct 21, 2016. Analyst had a consensus of $0.67.Analysts expectations of $ 2673.50.During the same quarter in the previous year, the company posted $0.69 EPS.

Many Wall Street Analysts have commented on Synchrony Financial. Compass Point Initiated Synchrony Financial on Nov 4, 2016 to “Buy”, Price Target of the shares are set at $34.Wedbush Initiated Synchrony Financial on Oct 11, 2016 to “Outperform”, Price Target of the shares are set at $31.

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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