Silver Capital Management adds Synchrony Financial (SYF) to its portfolio

Synchrony Financial (SYF) : Silver Capital Management added new position in Synchrony Financial during the most recent quarter end. The investment management firm now holds 19,150 shares of Synchrony Financial which is valued at $533,711 , the company said in a statement filed on Aug 3, 2016 with the SEC.Synchrony Financial makes up approximately 2.40% of Silver Capital Management’s portfolio.

Other Hedge Funds, Including , Rothschild Asset Management Inc sold out all of its stake in SYF during the most recent quarter. The investment firm sold 13,115 shares of SYF which is valued $365,515. Davenport Co added SYF to its portfolio by purchasing 133,721 company shares during the most recent quarter which is valued at $3,760,235. Synchrony Financial makes up approx 0.06% of Davenport Co’s portfolio.Daiwa Sb Investments Ltd. boosted its stake in SYF in the latest quarter, The investment management firm added 410 additional shares and now holds a total of 5,250 shares of Synchrony Financial which is valued at $143,378. Synchrony Financial makes up approx 0.04% of Daiwa Sb Investments Ltd.’s portfolio.Ct Mason reduced its stake in SYF by selling 71,408 shares or 80.24% in the most recent quarter. The Hedge Fund company now holds 17,587 shares of SYF which is valued at $480,301. Synchrony Financial makes up approx 0.20% of Ct Mason’s portfolio.Next Financial Group Inc boosted its stake in SYF in the latest quarter, The investment management firm added 802 additional shares and now holds a total of 3,916 shares of Synchrony Financial which is valued at $106,946. Synchrony Financial makes up approx 0.03% of Next Financial Group Inc’s portfolio.

Synchrony Financial closed down -0.18 points or -0.64% at $28.04 with 38,84,234 shares getting traded on Monday. Post opening the session at $28.33, the shares hit an intraday low of $27.985 and an intraday high of $28.44 and the price fluctuated in this range throughout the day.Shares ended Monday 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 was Initiated by Macquarie to “Neutral” on May 11, 2016.

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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