Wcg Management Lowers stake in Synchrony Financial (SYF)

Synchrony Financial (SYF) : Wcg Management reduced its stake in Synchrony Financial by 17.52% during the most recent quarter end. The investment management company now holds a total of 174,850 shares of Synchrony Financial which is valued at $5,345,165 after selling 37,150 shares in Synchrony Financial , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.Synchrony Financial makes up approximately 6.13% of Wcg Management’s portfolio.

Synchrony Financial opened for trading at $30.78 and hit $31.45 on the upside on Monday, eventually ending the session at $31.33, with a gain of 2.49% or 0.76 points. The heightened volatility saw the trading volume jump to 68,97,366 shares. Company has a market cap of $26,127 M.

Other Hedge Funds, Including , Curian Capital reduced its stake in SYF by selling 67,386 shares or 45.47% in the most recent quarter. The Hedge Fund company now holds 80,806 shares of SYF which is valued at $2,470,239. Synchrony Financial makes up approx 0.18% of Curian Capital’s portfolio.Quantitative Systematic Strategies reduced its stake in SYF by selling 8,595 shares or 51.37% in the most recent quarter. The Hedge Fund company now holds 8,138 shares of SYF which is valued at $248,209. Synchrony Financial makes up approx 0.09% of Quantitative Systematic Strategies’s portfolio.Sanders Capital boosted its stake in SYF in the latest quarter, The investment management firm added 78,459 additional shares and now holds a total of 2,525,864 shares of Synchrony Financial which is valued at $77,038,852. Synchrony Financial makes up approx 0.64% of Sanders Capital’s portfolio.Gateway Investment Advisers reduced its stake in SYF by selling 26,900 shares or 30.63% in the most recent quarter. The Hedge Fund company now holds 60,932 shares of SYF which is valued at $1,858,426. Synchrony Financial makes up approx 0.02% of Gateway Investment Advisers’s portfolio. Clean Yield Group added SYF to its portfolio by purchasing 1,584 company shares during the most recent quarter which is valued at $45,841. Synchrony Financial makes up approx 0.02% of Clean Yield Group’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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