Overbrook Management Corp buys $14,849,268 stake in Synchrony Financial (SYF)

Synchrony Financial (SYF) : Overbrook Management Corp scooped up 66,168 additional shares in Synchrony Financial during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 536,462 shares of Synchrony Financial which is valued at $14,849,268.Synchrony Financial makes up approximately 2.94% of Overbrook Management Corp’s portfolio.

Other Hedge Funds, Including , Tiaa Cref Investment Management reduced its stake in SYF by selling 9,965,335 shares or 48.51% in the most recent quarter. The Hedge Fund company now holds 10,578,884 shares of SYF which is valued at $292,823,509. Synchrony Financial makes up approx 0.21% of Tiaa Cref Investment Management’s portfolio.Victory Capital Management Inc boosted its stake in SYF in the latest quarter, The investment management firm added 1,048 additional shares and now holds a total of 36,070 shares of Synchrony Financial which is valued at $995,893.Ci Global Investments boosted its stake in SYF in the latest quarter, The investment management firm added 1,319,470 additional shares and now holds a total of 6,944,015 shares of Synchrony Financial which is valued at $195,960,103. Synchrony Financial makes up approx 5.19% of Ci Global Investments’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.

Synchrony Financial opened for trading at $27.43 and hit $27.5 on the upside on Tuesday, eventually ending the session at $27.28, with a gain of 0.04% or 0.01 points. The heightened volatility saw the trading volume jump to 36,44,705 shares. Company has a market cap of $22,749 M.

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.

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