Synchrony Financial (SYF) : Capital Advisors Incok scooped up 188,802 additional shares in Synchrony Financial during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 488,295 shares of Synchrony Financial which is valued at $13,481,825.Synchrony Financial makes up approximately 2.00% of Capital Advisors Incok’s portfolio.
Other Hedge Funds, Including , Global X Management Co reduced its stake in SYF by selling 580 shares or 83.57% in the most recent quarter. The Hedge Fund company now holds 114 shares of SYF which is valued at $3,148. Wedbush Securities Inc added SYF to its portfolio by purchasing 9,375 company shares during the most recent quarter which is valued at $261,281. Synchrony Financial makes up approx 0.04% of Wedbush Securities Inc’s portfolio. 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.Albert D Mason Inc boosted its stake in SYF in the latest quarter, The investment management firm added 844 additional shares and now holds a total of 38,564 shares of Synchrony Financial which is valued at $1,085,191. Synchrony Financial makes up approx 0.66% of Albert D Mason Inc’s portfolio.
Synchrony Financial opened for trading at $27.31 and hit $27.47 on the upside on Wednesday, eventually ending the session at $27.38, with a gain of 0.29% or 0.08 points. The heightened volatility saw the trading volume jump to 56,11,264 shares. Company has a market cap of $22,833 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.
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 (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.