Hosking Partners Llp buys $33,861,047 stake in Synchrony Financial (SYF)

Synchrony Financial (SYF) : Hosking Partners Llp scooped up 159,977 additional shares in Synchrony Financial during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 1,214,964 shares of Synchrony Financial which is valued at $33,861,047.Synchrony Financial makes up approximately 1.32% of Hosking Partners Llp’s portfolio.

Other Hedge Funds, Including , New Mexico Educational Retirement Board boosted its stake in SYF in the latest quarter, The investment management firm added 4,800 additional shares and now holds a total of 97,149 shares of Synchrony Financial which is valued at $2,707,543. Synchrony Financial makes up approx 0.12% of New Mexico Educational Retirement Board’s portfolio.Uss Investment Management Ltd boosted its stake in SYF in the latest quarter, The investment management firm added 7,600 additional shares and now holds a total of 215,748 shares of Synchrony Financial which is valued at $6,012,897. Synchrony Financial makes up approx 0.10% of Uss Investment Management Ltd’s portfolio.Retirement Systems Of Alabama boosted its stake in SYF in the latest quarter, The investment management firm added 5,284 additional shares and now holds a total of 425,141 shares of Synchrony Financial which is valued at $11,963,468. Synchrony Financial makes up approx 0.07% of Retirement Systems Of Alabama’s portfolio.Kirr Marbach Co In reduced its stake in SYF by selling 1,803 shares or 0.53% in the most recent quarter. The Hedge Fund company now holds 339,625 shares of SYF which is valued at $9,557,048. Synchrony Financial makes up approx 1.92% of Kirr Marbach Co In’s portfolio.Farmers Merchants Investments Inc reduced its stake in SYF by selling 3,864 shares or 5.48% in the most recent quarter. The Hedge Fund company now holds 66,612 shares of SYF which is valued at $1,874,462. Synchrony Financial makes up approx 0.20% of Farmers Merchants Investments Inc’s portfolio.

Synchrony Financial closed down -0.18 points or -0.64% at $28.04 with 38,84,234 shares getting traded on Monday. Post opening the session at $28.33, the shares hit an intraday low of $27.985 and an intraday high of $28.44 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 $0.58 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 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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