Ct Mason Exits Position in Synchrony Financial (SYF)

Synchrony Financial (SYF) : Ct Mason has sold out all of its stake in Synchrony Financial during the most recent quarter, according to the disclosure filed by the company on Oct 4, 2016 with the SEC. The investment management company has sold out 17,587 shares of Synchrony Financial which is valued at $491,381.

Other Hedge Funds, Including , Washington Trust Bank reduced its stake in SYF by selling 2,108 shares or 95.82% in the most recent quarter. The Hedge Fund company now holds 92 shares of SYF which is valued at $2,570.Harbour Capital Advisors boosted its stake in SYF in the latest quarter, The investment management firm added 12,650 additional shares and now holds a total of 26,675 shares of Synchrony Financial which is valued at $745,300. Synchrony Financial makes up approx 0.40% of Harbour Capital Advisors’s portfolio.

Synchrony Financial closed down -0.25 points or -0.91% at $27.33 with 97,36,520 shares getting traded on Tuesday. Post opening the session at $27.7, the shares hit an intraday low of $27.29 and an intraday high of $27.92 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.

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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