Altrinsic Global Advisors buys $43,464,603 stake in Synchrony Financial (SYF)

Synchrony Financial (SYF) : Altrinsic Global Advisors scooped up 495,230 additional shares in Synchrony Financial during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,570,253 shares of Synchrony Financial which is valued at $43,464,603.Synchrony Financial makes up approximately 1.19% of Altrinsic Global Advisors’s portfolio.

Other Hedge Funds, Including , Pentwater Capital Management Lp boosted its stake in SYF in the latest quarter, The investment management firm added 356,497 additional shares and now holds a total of 8,302,912 shares of Synchrony Financial which is valued at $229,824,604. Synchrony Financial makes up approx 4.23% of Pentwater Capital Management Lp’s portfolio.Bronfman E.l. Rothschild reduced its stake in SYF by selling 1,587 shares or 23.64% in the most recent quarter. The Hedge Fund company now holds 5,125 shares of SYF which is valued at $141,860. Synchrony Financial makes up approx 0.02% of Bronfman E.l. Rothschild’s portfolio.Mn Services Vermogensbeheer B.v. boosted its stake in SYF in the latest quarter, The investment management firm added 228 additional shares and now holds a total of 21,065 shares of Synchrony Financial which is valued at $594,454. Synchrony Financial makes up approx 0.12% of Mn Services Vermogensbeheer B.v.’s portfolio.Artemis Investment Management Llp reduced its stake in SYF by selling 857,987 shares or 76.74% in the most recent quarter. The Hedge Fund company now holds 260,084 shares of SYF which is valued at $7,318,764. Synchrony Financial makes up approx 0.19% of Artemis Investment Management Llp’s portfolio.Robeco Institutional Asset Management B.v. boosted its stake in SYF in the latest quarter, The investment management firm added 2,495,006 additional shares and now holds a total of 2,665,821 shares of Synchrony Financial which is valued at $75,709,316. Synchrony Financial makes up approx 0.56% of Robeco Institutional Asset Management B.v.’s portfolio.

Synchrony Financial opened for trading at $27.48 and hit $27.84 on the upside on Wednesday, eventually ending the session at $27.81, with a gain of 0.72% or 0.2 points. The heightened volatility saw the trading volume jump to 2,803,127 shares. Company has a market cap of $23,191 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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