Credit Services: Synchrony Financial (NYSE:SYF) Position of the day

Amos Gonzales
July 16, 2017

In this case, shares are 6.89% higher from $40.5, the worst price in 52 weeks suffered on December 06, 2016, but are collecting gains at -3.95% for the past six months. Vanguard Group Inc. boosted its stake in shares of Brookline Bancorp by 4.8% in the first quarter.

Cambria Investment Management L.P. bought a new stake in shares of Synchrony Financial (NYSE:SYF) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. Edwards & Company Inc. now owns 3,280 shares of the financial services provider's stock valued at $113,000 after buying an additional 965 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in Synchrony Financial during the first quarter valued at $152,000.

Synchrony Financial (SYF) shares are down -1.51% for the week and that has got investors and traders sitting up and taking note. Finally, Creative Planning increased its position in shares of Synchrony Financial by 4.3% in the first quarter. First Eagle Investment Management LLC now owns 17,106,131 shares of the financial services provider's stock worth $586,740,000 after buying an additional 488,809 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Synchrony Financial by 28.2% in the first quarter.

Synchrony Financial (SYF) traded up 0.320% on Thursday, hitting $29.424. 4,252,680 shares of the company traded hands. The stock's current distance from 20-Day Simple Moving Average (SMA20) is -0.46% where SMA50 and SMA200 are 3.37% and -9% respectively. The company has market cap of $23.76 billion.

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Analysts are speculating a 96.29% move, based on the high target price ($18) for the shares that is set to reach in the next 12 months. For the outlook of the current financial quarter, Analysts think the firm will post -0.40 earnings per share. The business had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.54 billion.

From another technical standpoint, Synchrony Financial (NYSE:SYF)'s 14-day Relative Strength Index (RSI) has reached 54.24, putting it inside a neutral zone. During the same period in the previous year, the company posted $0.70 earnings per share.

COPYRIGHT VIOLATION WARNING: "Synchrony Financial (NYSE:SYF) Receives "Buy" Rating from Jefferies Group LLC" was originally posted by Community Financial News and is the property of of Community Financial News. If you are accessing this piece on another domain, it was stolen and republished in violation of United States and worldwide copyright laws. The correct version of this news story can be accessed at The firm has "Buy" rating given on Wednesday, August 26 by Buckingham Research. The stock's average target of $10.56 is 10.11% above today's ($9.59) share price. The stock of Synchrony Financial (NYSE:SYF) has "Market Perform" rating given on Wednesday, September 16 by BMO Capital Markets. They issued an "outperform" rating on the stock. Analysts reported that the Price Target for Synchrony Financial might touch $41 high while the Average Price Target and Low price Target is $35.29 and $29 respectively. Nomura upgraded the shares of SYF in report on Tuesday, October 20 to "Buy" rating.

SYF has been the subject of a number of research analyst reports. Eight equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. They set a "market perform" rating for the company. The stock was acquired at an average price of $27.80 per share, for a total transaction of $500,400.00. The Company has 52-week high of $38.06 and 52-week low of $26.01. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.03% of the company's stock. Synchrony Financial now has $23.76B valuation. The Company provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers.

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