National Investment Services Inc Wi buys $2,936,144 stake in Synchrony Financial (SYF)

Synchrony Financial (SYF) : National Investment Services Inc Wi scooped up 35,354 additional shares in Synchrony Financial during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 18, 2016. The investment management firm now holds a total of 96,267 shares of Synchrony Financial which is valued at $2,936,144.Synchrony Financial makes up approximately 3.29% of National Investment Services Inc Wi’s portfolio.

Synchrony Financial opened for trading at $30.03 and hit $31.19 on the upside on Friday, eventually ending the session at $30.5, with a gain of 0.26% or 0.08 points. The heightened volatility saw the trading volume jump to 91,38,493 shares. Company has a market cap of $25,432 M.

Other Hedge Funds, Including , Fox Run Management L.l.c. added SYF to its portfolio by purchasing 17,200 company shares during the most recent quarter which is valued at $524,600. Synchrony Financial makes up approx 0.34% of Fox Run Management L.l.c.’s portfolio.Monroe Bank Trustmi boosted its stake in SYF in the latest quarter, The investment management firm added 101 additional shares and now holds a total of 431 shares of Synchrony Financial which is valued at $12,473. Atalanta Sosnoff Capital added SYF to its portfolio by purchasing 1,114,536 company shares during the most recent quarter which is valued at $32,254,672. Synchrony Financial makes up approx 1.01% of Atalanta Sosnoff Capital’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in SYF in the latest quarter, The investment management firm added 24,622 additional shares and now holds a total of 190,121 shares of Synchrony Financial which is valued at $5,502,102. Synchrony Financial makes up approx 0.13% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Chevy Chase Trust Holdings boosted its stake in SYF in the latest quarter, The investment management firm added 134,935 additional shares and now holds a total of 827,875 shares of Synchrony Financial which is valued at $23,072,876. Synchrony Financial makes up approx 0.13% of Chevy Chase Trust Holdings’s portfolio.

On the company’s financial health, Synchrony Financial reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 22, 2016. Analyst had a consensus of $0.69.Analysts expectations of $ 2565.24.During the same quarter in the previous year, the company posted $0.66 EPS.

Many Wall Street Analysts have commented on Synchrony Financial. Synchrony Financial was Downgraded by BofA/Merrill to ” Neutral” on Apr 8, 2016. Shares were Reiterated by Deutsche Bank on Feb 18, 2016 to “Hold” and Lowered the Price Target to $ 34 from a previous price target of $39 .

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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