Highlander Capital Management buys $1,120,819 stake in Synchrony Financial (SYF)

Synchrony Financial (SYF) : Highlander Capital Management scooped up 36,000 additional shares in Synchrony Financial during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 40,492 shares of Synchrony Financial which is valued at $1,120,819.Synchrony Financial makes up approximately 1.11% of Highlander Capital Management’s portfolio.

Other Hedge Funds, Including , State Board Of Administration Of Florida Retirement System boosted its stake in SYF in the latest quarter, The investment management firm added 166,173 additional shares and now holds a total of 1,134,154 shares of Synchrony Financial which is valued at $32,005,826. Synchrony Financial makes up approx 0.10% of State Board Of Administration Of Florida Retirement System’s portfolio.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.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.Augustine Asset Management Inc boosted its stake in SYF in the latest quarter, The investment management firm added 1,740 additional shares and now holds a total of 68,930 shares of Synchrony Financial which is valued at $1,938,312. Synchrony Financial makes up approx 1.51% of Augustine Asset Management Inc’s portfolio.

Synchrony Financial opened for trading at $27.17 and hit $27.49 on the upside on Friday, eventually ending the session at $27.38, with a gain of 0.33% or 0.09 points. The heightened volatility saw the trading volume jump to 49,49,335 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.

Leave a Reply

Synchrony Financial - Is it time to Sell?

Top Brokerage Firms are advising their investors on Synchrony Financial. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.