Synchrony Financial (SYF) : At Bancorp scooped up 34,967 additional shares in Synchrony Financial during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 183,419 shares of Synchrony Financial which is valued at $4,836,759.Synchrony Financial makes up approximately 0.68% of At Bancorp’s portfolio.
Other Hedge Funds, Including , Community Bank N.a. added SYF to its portfolio by purchasing 32 company shares during the most recent quarter which is valued at $844.Creative Planning boosted its stake in SYF in the latest quarter, The investment management firm added 2,696 additional shares and now holds a total of 6,676 shares of Synchrony Financial which is valued at $177,181.Exxonmobil Investment Management Inc Tx reduced its stake in SYF by selling 13,576 shares or 6.29% in the most recent quarter. The Hedge Fund company now holds 202,284 shares of SYF which is valued at $5,394,914. Synchrony Financial makes up approx 0.11% of Exxonmobil Investment Management Inc Tx’s portfolio.Chevy Chase Trust Holdings reduced its stake in SYF by selling 50,384 shares or 5.69% in the most recent quarter. The Hedge Fund company now holds 834,721 shares of SYF which is valued at $23,322,105. Synchrony Financial makes up approx 0.13% of Chevy Chase Trust Holdings’s portfolio.
Synchrony Financial closed down -0.19 points or -0.71% at $26.54 with 79,60,292 shares getting traded on Tuesday. Post opening the session at $26.73, the shares hit an intraday low of $26.475 and an intraday high of $26.86 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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. Wedbush Initiated Synchrony Financial on Oct 11, 2016 to “Outperform”, Price Target of the shares are set at $31.
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.