Synchrony Financial (SYF) : Zweig-dimenna Associates scooped up 398,763 additional shares in Synchrony Financial during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 10, 2016. The investment management firm now holds a total of 1,355,681 shares of Synchrony Financial which is valued at $39,368,976.Synchrony Financial makes up approximately 3.47% of Zweig-dimenna Associates’s portfolio.
Other Hedge Funds, Including , Blackrock Institutional Trust Company N.a. boosted its stake in SYF in the latest quarter, The investment management firm added 544,362 additional shares and now holds a total of 22,376,389 shares of Synchrony Financial which is valued at $649,810,337. Synchrony Financial makes up approx 0.11% of Blackrock Institutional Trust Company N.a.’s portfolio.State Treasurer State Of Michigan boosted its stake in SYF in the latest quarter, The investment management firm added 1,900 additional shares and now holds a total of 287,078 shares of Synchrony Financial which is valued at $8,635,306. Synchrony Financial makes up approx 0.07% of State Treasurer State Of Michigan’s portfolio.Neuberger Berman Group reduced its stake in SYF by selling 3,104,938 shares or 46.5% in the most recent quarter. The Hedge Fund company now holds 3,572,732 shares of SYF which is valued at $107,467,779. Synchrony Financial makes up approx 0.15% of Neuberger Berman Group’s portfolio.Parkside Financial Bank Trust boosted its stake in SYF in the latest quarter, The investment management firm added 14 additional shares and now holds a total of 1,571 shares of Synchrony Financial which is valued at $47,256. Synchrony Financial makes up approx 0.02% of Parkside Financial Bank Trust’s portfolio.Argent Trust Co boosted its stake in SYF in the latest quarter, The investment management firm added 1,779 additional shares and now holds a total of 11,392 shares of Synchrony Financial which is valued at $342,671. Synchrony Financial makes up approx 0.11% of Argent Trust Co’s portfolio.
Synchrony Financial closed down -0.1 points or -0.34% at $28.94 with 76,67,189 shares getting traded on Monday. Post opening the session at $29.04, the shares hit an intraday low of $28.91 and an intraday high of $29.32 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.