Raveneur Investment Group Lp Lowers stake in Synchrony Financial (SYF)

Synchrony Financial (SYF) : Raveneur Investment Group Lp reduced its stake in Synchrony Financial by 32.26% during the most recent quarter end. The investment management company now holds a total of 556,942 shares of Synchrony Financial which is valued at $16,752,815 after selling 265,190 shares in Synchrony Financial , the firm said in a disclosure report filed with the SEC on May 2, 2016.Synchrony Financial makes up approximately 8.32% of Raveneur Investment Group Lp’s portfolio.

Synchrony Financial opened for trading at $29.66 and hit $30.115 on the upside on Friday, eventually ending the session at $30.08, with a gain of 0.84% or 0.25 points. The heightened volatility saw the trading volume jump to 60,65,153 shares. Company has a market cap of $25,084 M.

Other Hedge Funds, Including , American Century Companies Inc added SYF to its portfolio by purchasing 1,814,406 company shares during the most recent quarter which is valued at $54,577,332. Synchrony Financial makes up approx 0.06% of American Century Companies Inc’s portfolio. Newsquare Capital added SYF to its portfolio by purchasing 397 company shares during the most recent quarter which is valued at $12,136.Wcg Management reduced its stake in SYF by selling 37,150 shares or 17.52% in the most recent quarter. The Hedge Fund company now holds 174,850 shares of SYF which is valued at $5,345,165. Synchrony Financial makes up approx 6.13% of Wcg Management’s portfolio.Seabridge Investment Advisors boosted its stake in SYF in the latest quarter, The investment management firm added 115,803 additional shares and now holds a total of 150,378 shares of Synchrony Financial which is valued at $4,586,529. Synchrony Financial makes up approx 1.03% of Seabridge Investment Advisors’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. Company shares were Reiterated by Deutsche Bank on Apr 25, 2016 to “Buy”, Firm has raised the Price Target to $ 35 from a previous price target of $34 .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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