Credit Suisse AG Has $147.21 Million Position in Synchrony Financial (SYF)

Xavier Trudeau
Juillet 22, 2017

The stock of Synchrony Financial (NYSE:SYF) is a huge mover today! The firm owned 3,553,419 shares of the financial services provider's stock after buying an additional 461,600 shares during the period. Synchrony Financial comprises about 3.5% of Valinor Management L.P.'s investment portfolio, making the stock its 10th largest position.

Total shares held by institutions as of the most recent company filings are with a reported bought and sold.

The following firms have also recently changed their position in SYF. Coconut Grove Bank boosted its stake in shares of Synchrony Financial by 93.9% in the first quarter. The Tourbillon Capital Partners Lp holds 6.14M shares with $222.79M value, up from 1.00M last quarter. Northwestern Mutual Wealth Management Co. now owns 4,901 shares of the financial services provider's stock worth $168,000 after buying an additional 1,077 shares in the last quarter. Finally, Jane Street Group LLC increased its position in Synchrony Financial by 178.3% in the first quarter. Stock buyback programs are often a sign that the company's management believes its shares are undervalued. Oakbrook Investments LLC controls 65,340 shares worth $1,948,000. Institutional investors and hedge funds own 88.04% of the company's stock.

Shares of Synchrony Financial (NYSE:SYF) opened at 29.53 on Friday.

Synchrony Financial (NYSE:SYF) marched up 13.53% compared to a 52-week low price of $26.01.

Since the beginning of the calendar year, the stock is -1.10%. The firm has a 50-day moving average of $29.18 and a 200-day moving average of $32.43.

APG Asset Management N.V. bought 1,080,200 shares last quarter increasing its holdings in Synchrony Financial by 43.3%.

Dunelm Group plc is a United Kingdom company, which operates in the homewares market. Synchrony Financial had a net margin of 14.21% and a return on equity of 15.42%. Equities research analysts anticipate that Synchrony Financial will post $2.58 earnings per share for the current year.

Synchrony Financial announced that its Board of Directors has authorized a share repurchase plan on Thursday, May 18th that allows the company to buyback $1.64 billion in shares. This buyback authorization allows the financial services provider to repurchase up to 7.6% of its stock through open market purchases. On December 7, 2016 the stock rating was set at "Neutral" according to a Wedbush report which is down from the previous "Outperform" rating. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of worldwide trademark & copyright laws. The correct version of this piece of content can be accessed at

Tourbillon Capital Partners Lp increased Synchrony Finl (SYF) stake by 514.26% reported in 2016Q4 SEC filing. BMO Capital Markets reaffirmed a "buy" rating and set a $38.00 target price on shares of Synchrony Financial in a report on Tuesday, April 11th. BidaskClub upgraded Synchrony Financial from a "hold" rating to a "buy" rating in a research report on Saturday, June 17th. JMP Securities reissued an "outperform" rating and set a $35.00 price objective (down from $41.00) on shares of Synchrony Financial in a report on Monday, May 1st. CIBC restated a "market perform" rating on shares of Synchrony Financial in a research report on Tuesday, April 11th. Eight investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. DA Davidson has "Buy" rating and $37.0 target.

Pivotal Research maintained the shares of LBTYA in report on Monday, January 18 with "Buy" rating. The shares were purchased at an average cost of $27.80 per share, with a total value of $500,400.00. The insider now directly owns 44,138 shares worth $1,303,395. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The Beta for the company stands at 0 and its Average True Range (ATR) shows a value of 0.54. The Value Composite Two of Synchrony Financial (NYSE:SYF) is 34.

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