First Mercantile Trust Co Lowers stake in Synchrony Financial (SYF)

Synchrony Financial (SYF) : First Mercantile Trust Co reduced its stake in Synchrony Financial by 8.47% during the most recent quarter end. The investment management company now holds a total of 91,361 shares of Synchrony Financial which is valued at $2,436,598 after selling 8,458 shares in Synchrony Financial , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Synchrony Financial makes up approximately 0.33% of First Mercantile Trust Co’s portfolio.

Other Hedge Funds, Including , Advisory Services Network boosted its stake in SYF in the latest quarter, The investment management firm added 1,487 additional shares and now holds a total of 8,796 shares of Synchrony Financial which is valued at $234,589. Synchrony Financial makes up approx 0.04% of Advisory Services Network’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in SYF in the latest quarter, The investment management firm added 209,416 additional shares and now holds a total of 369,549 shares of Synchrony Financial which is valued at $10,325,199. Synchrony Financial makes up approx 0.04% of Bnp Paribas Arbitrage Sa’s portfolio.Independent Portfolio Consultants boosted its stake in SYF in the latest quarter, The investment management firm added 270 additional shares and now holds a total of 9,710 shares of Synchrony Financial which is valued at $271,297. Synchrony Financial makes up approx 0.09% of Independent Portfolio Consultants’s portfolio.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 -0.32 points or -1.19% at $26.67 with 1,10,58,248 shares getting traded on Friday. Post opening the session at $27.1, the shares hit an intraday low of $26.49 and an intraday high of $27.42 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

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.