Synchrony Financial (SYF) : Augustine Asset Management Inc reduced its stake in Synchrony Financial by 6.4% during the most recent quarter end. The investment management company now holds a total of 67,190 shares of Synchrony Financial which is valued at $2,021,075 after selling 4,595 shares in Synchrony Financial , the firm said in a disclosure report filed with the SEC on May 3, 2016.Synchrony Financial makes up approximately 1.76% of Augustine Asset Management Inc’s portfolio.
Other Hedge Funds, Including , Middleton Co Incma boosted its stake in SYF in the latest quarter, The investment management firm added 10,229 additional shares and now holds a total of 149,494 shares of Synchrony Financial which is valued at $4,496,780. Synchrony Financial makes up approx 1.04% of Middleton Co Incma’s portfolio.Armstrong Shaw Associates Incct reduced its stake in SYF by selling 29,229 shares or 6.82% in the most recent quarter. The Hedge Fund company now holds 399,130 shares of SYF which is valued at $12,201,404. Synchrony Financial makes up approx 3.13% of Armstrong Shaw Associates Incct’s portfolio.Highstreet Asset Management boosted its stake in SYF in the latest quarter, The investment management firm added 17,690 additional shares and now holds a total of 37,500 shares of Synchrony Financial which is valued at $1,143,750. Synchrony Financial makes up approx 0.40% of Highstreet Asset Management’s portfolio. Cwm added SYF to its portfolio by purchasing 113 company shares during the most recent quarter which is valued at $3,447.
Synchrony Financial opened for trading at $30.07 and hit $30.7 on the upside on Tuesday, eventually ending the session at $30.56, with a gain of 2.00% or 0.6 points. The heightened volatility saw the trading volume jump to 37,21,321 shares. Company has a market cap of $25,485 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.