Cambiar Investors Lowers stake in Synchrony Financial (SYF)

Synchrony Financial (SYF) : Cambiar Investors reduced its stake in Synchrony Financial by 11.26% during the most recent quarter end. The investment management company now holds a total of 3,261,236 shares of Synchrony Financial which is valued at $98,097,979 after selling 413,843 shares in Synchrony Financial , the firm said in a disclosure report filed with the SEC on May 2, 2016.Synchrony Financial makes up approximately 1.42% of Cambiar Investors’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 , Aperio Group boosted its stake in SYF in the latest quarter, The investment management firm added 101,313 additional shares and now holds a total of 146,722 shares of Synchrony Financial which is valued at $4,485,292. Synchrony Financial makes up approx 0.04% of Aperio Group’s portfolio. Advisors Capital Management sold out all of its stake in SYF during the most recent quarter. The investment firm sold 46,252 shares of SYF which is valued $1,413,924. Northside Capital Management added SYF to its portfolio by purchasing 9,160 company shares during the most recent quarter which is valued at $279,380. Synchrony Financial makes up approx 0.17% of Northside Capital Management’s portfolio.First Citizens Bank Trust Co reduced its stake in SYF by selling 6,759 shares or 19.53% in the most recent quarter. The Hedge Fund company now holds 27,846 shares of SYF which is valued at $849,303. Synchrony Financial makes up approx 0.07% of First Citizens Bank Trust Co’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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