Economy

Eos Focused Equity Management LP Takes Position in Synchrony Financial (NYSE:SYF)

The Company also offers a debt cancellation product.

The stock of B. Riley Financial Inc (NASDAQ:RILY) is a huge mover today! Wells Fargo & Company MN boosted its stake in Synchrony Financial by 6.2% in the first quarter. Meanwhile the stock weekly performance was subdued at -1.39%, which was upheld for the month at 0.00%. BlackRock Inc. now owns 48,272,035 shares of the financial services provider's stock worth $1,655,730,000 after buying an additional 46,239,640 shares in the last quarter. It also increased its holding in Jabil Circuit Inc Com (NYSE:JBL) by 19,049 shares in the quarter, for a total of 45,344 shares, and has risen its stake in Avalonbay Cmntys Inc Com (NYSE:AVB). The institutional investor owned 1,594,582 shares of the financial services provider's stock after buying an additional 114,332 shares during the period. Garcia Hamilton & Associates Lp sold 17,026 shares as the company's stock declined 26.83% while stock markets rallied. Finally, IFP Advisors Inc grew its position in shares of Synchrony Financial by 3.4% during the 1st quarter. Wfg Advisors, Lp now controls 1,504 shares valued at $45,000. Hedge funds and other institutional investors own 87.18% of the company's stock.

05/01/2017 - Synchrony Financial had its "buy" rating reiterated by analysts at Citigroup.

Is Synchrony Financial (NYSE:SYF) Cheap From Peers? Nisource Inc. had 22 analyst reports since August 20, 2015 according to SRatingsIntel. Through this figure traders can analyze that SYF show whether or not a stock now most active and standing in buying side or sell side. The stock has "Buy" rating by DA Davidson on Wednesday, January 13. The 20-day RSI for SYF is 55.94%, which suggests that the stock is not particularly expensive or cheap, and not predisposed to a reactive price movement based on this measure. Nine equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Simple moving average analysis helps investors to quickly identify if a security is in an uptrend or downtrend. For the next 5 years, Synchrony Financial is expecting Growth of 8.87% per annum, whereas in the past 5 years the growth was -1.94% per annum. According to Thomson Reuters, sell-side analysts are predicting a consensus target price of $36.90 on company stock.

Highlander Capital Management Llc decreased Synchrony Financial (SYF) stake by 76.97% reported in 2016Q4 SEC filing. Its up 23.38% from 15.74 million shares, reported previously. The company had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.59 billion. Likewise, the upbeat performance for the last quarter was 5.59% and for the full year it was 7.45%. Equities analysts forecast that Synchrony Financial will post $2.60 earnings per share for the current fiscal year. Shares of PGRE have downtrended -0.32% in the past three months.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. This is a positive change from Synchrony Financial's previous quarterly dividend of $0.13. The ex-dividend date was Thursday, August 3rd. This represents a $0.60 annualized dividend and a dividend yield of 1.94%.

ILLEGAL ACTIVITY NOTICE: "Synchrony Financial (SYF) Stake Lifted by Pacer Advisors Inc." was first published by BBNS and is the sole property of of BBNS. If you are reading this news story on another website, it was stolen and reposted in violation of United States and worldwide copyright & trademark laws. The correct version of this story can be read at https://weekherald.com/2017/09/02/eos-focused-equity-management-l-p-takes-position-in-synchrony-financial-syf.html. There are brokerage firms with lower targets than the average, including one setting a price target of $30. To cut down amount of noise on price chart, shares of firm has 20 days moving average price of -1.46% from last close price of 29.87 and act as support or resistance of price limit. Following the purchase, the director now owns 8,521 shares in the company, valued at approximately $262,872.85. Moreover, Redmond Asset Management Llc has 0.2% invested in the company for 59,165 shares.

Synchrony Financial (SYF) closed its previous trading session at $29.87 with the loss of -3.4%.



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