Bow Street adds Synchrony Financial (SYF) to its portfolio

Synchrony Financial (SYF) : Bow Street added new position in Synchrony Financial during the most recent quarter end. The investment management firm now holds 604,063 shares of Synchrony Financial which is valued at $17.5 Million , the company said in a statement filed on May 13, 2016 with the SEC.Synchrony Financial makes up approximately 12.43% of Bow Street’s portfolio.

Other Hedge Funds, Including , Assetmark Inc reduced its stake in SYF by selling 23,986 shares or 97.34% in the most recent quarter. The Hedge Fund company now holds 656 shares of SYF which is valued at $19,050.Her Majesty The Queen In Right Of The Province Of Alberta… reduced its stake in SYF by selling 359,900 shares or 67.37% in the most recent quarter. The Hedge Fund company now holds 174,300 shares of SYF which is valued at $5.1 Million. Synchrony Financial makes up approx 0.08% of Her Majesty The Queen In Right Of The Province Of Alberta…’s portfolio.Argent Trust Co reduced its stake in SYF by selling 236 shares or 2.32% in the most recent quarter. The Hedge Fund company now holds 9,948 shares of SYF which is valued at $288,890. Synchrony Financial makes up approx 0.14% of Argent Trust Co’s portfolio. Cls Investments sold out all of its stake in SYF during the most recent quarter. The investment firm sold 37 shares of SYF which is valued $1,074. Northstar Asset Management added SYF to its portfolio by purchasing 27,310 company shares during the most recent quarter which is valued at $821,485. Synchrony Financial makes up approx 0.35% of Northstar Asset Management’s portfolio.

Synchrony Financial opened for trading at $30.43 and hit $30.975 on the upside on Wednesday, eventually ending the session at $30.66, with a gain of 1.19% or 0.36 points. The heightened volatility saw the trading volume jump to 60,28,878 shares. Company has a market cap of $25,568 M.

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 Initiated by Macquarie to “Neutral” on May 11, 2016. 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.

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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