Synchrony Financial (SYF) : Oxford Asset Management reduced its stake in Synchrony Financial by 6.57% during the most recent quarter end. The investment management company now holds a total of 652,361 shares of Synchrony Financial which is valued at $18,011,687 after selling 45,904 shares in Synchrony Financial , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Synchrony Financial makes up approximately 0.71% of Oxford Asset Management’s portfolio.
Other Hedge Funds, Including , Los Angeles Capital Management Equity Research Inc boosted its stake in SYF in the latest quarter, The investment management firm added 3,550 additional shares and now holds a total of 12,975 shares of Synchrony Financial which is valued at $358,240.Cadence Capital Management boosted its stake in SYF in the latest quarter, The investment management firm added 137 additional shares and now holds a total of 14,768 shares of Synchrony Financial which is valued at $411,584. Synchrony Financial makes up approx 0.03% of Cadence Capital Management’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.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.Douglas Lane Associates boosted its stake in SYF in the latest quarter, The investment management firm added 140,264 additional shares and now holds a total of 1,694,556 shares of Synchrony Financial which is valued at $47,684,806. Synchrony Financial makes up approx 1.29% of Douglas Lane Associates’s portfolio.
Synchrony Financial opened for trading at $27.86 and hit $27.97 on the upside on Monday, eventually ending the session at $27.74, with a gain of 0.22% or 0.06 points. The heightened volatility saw the trading volume jump to 47,82,245 shares. Company has a market cap of $23,133 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 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.