Beese Fulmer Investment Management buys $1,792,208 stake in Synchrony Financial (SYF)

Synchrony Financial (SYF) : Beese Fulmer Investment Management scooped up 2,397 additional shares in Synchrony Financial during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 64,306 shares of Synchrony Financial which is valued at $1,792,208.Synchrony Financial makes up approximately 0.50% of Beese Fulmer Investment Management’s portfolio.

Other Hedge Funds, Including , Evercore Wealth Management reduced its stake in SYF by selling 131 shares or 9.07% in the most recent quarter. The Hedge Fund company now holds 1,314 shares of SYF which is valued at $36,621. Bbva Compass Bancshares Inc added SYF to its portfolio by purchasing 22,173 company shares during the most recent quarter which is valued at $618,183. Synchrony Financial makes up approx 0.04% of Bbva Compass Bancshares Inc’s portfolio. Meag Munich Ergo Kapitalanlagegesellschaft Mbh sold out all of its stake in SYF during the most recent quarter. The investment firm sold 110,429 shares of SYF which is valued $3,078,761.Lmr Partners Llp boosted its stake in SYF in the latest quarter, The investment management firm added 36,527 additional shares and now holds a total of 52,843 shares of Synchrony Financial which is valued at $1,473,263. Synchrony Financial makes up approx 0.22% of Lmr Partners Llp’s portfolio.Nordea Investment Management Ab boosted its stake in SYF in the latest quarter, The investment management firm added 68,535 additional shares and now holds a total of 400,902 shares of Synchrony Financial which is valued at $11,281,382. Synchrony Financial makes up approx 0.03% of Nordea Investment Management Ab’s portfolio.

Synchrony Financial opened for trading at $27.9 and hit $28.08 on the upside on Thursday, eventually ending the session at $27.92, with a gain of 0.18% or 0.05 points. The heightened volatility saw the trading volume jump to 42,74,613 shares. Company has a market cap of $23,283 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.

Investors should note that on Jul 7, 2016, Synchrony Financial announced a cash dividend of $0.1300. The company’s management has announced Aug 10, 2016 as the ex-dividend date and fixed the record date on Aug 12, 2016. The payable date has been fixed on Aug 25, 2016.

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 was Initiated by Macquarie to “Neutral” on May 11, 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.

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