Synchrony Financial (SYF) : Seawolf Capital reduced its stake in Synchrony Financial by 60.16% during the most recent quarter end. The investment management company now holds a total of 233,987 shares of Synchrony Financial which is valued at $6,476,760 after selling 353,400 shares in Synchrony Financial , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Synchrony Financial makes up approximately 4.92% of Seawolf Capital’s portfolio.
Other Hedge Funds, Including , Everpoint Asset Management reduced its stake in SYF by selling 1,450,000 shares or 51.97% in the most recent quarter. The Hedge Fund company now holds 1,340,000 shares of SYF which is valued at $37,091,200. Synchrony Financial makes up approx 0.97% of Everpoint Asset Management’s portfolio.Andra Ap-fonden boosted its stake in SYF in the latest quarter, The investment management firm added 11,400 additional shares and now holds a total of 115,400 shares of Synchrony Financial which is valued at $3,194,272. Synchrony Financial makes up approx 0.08% of Andra Ap-fonden’s portfolio.Parkside Financial Bank Trust reduced its stake in SYF by selling 558 shares or 35.52% in the most recent quarter. The Hedge Fund company now holds 1,013 shares of SYF which is valued at $28,232. Synchrony Financial makes up approx 0.01% of Parkside Financial Bank Trust’s portfolio.Shell Asset Management Co boosted its stake in SYF in the latest quarter, The investment management firm added 21,297 additional shares and now holds a total of 63,527 shares of Synchrony Financial which is valued at $1,787,650. Synchrony Financial makes up approx 0.04% of Shell Asset Management Co’s portfolio.Cibc World Markets reduced its stake in SYF by selling 2,769 shares or 8.72% in the most recent quarter. The Hedge Fund company now holds 28,984 shares of SYF which is valued at $823,146.
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.