Rafferty Asset Management LLC Decreased Synchrony Finl (SYF) Position by $4.10 Million as Share Price Declined

May 16, 2018 - By Ellis Scott

Synchrony Financial (NYSE:SYF) Logo

Rafferty Asset Management Llc decreased its stake in Synchrony Finl (SYF) by 38.64% based on its latest 2017Q4 regulatory filing with the SEC. Rafferty Asset Management Llc sold 107,968 shares as the company’s stock declined 15.73% with the market. The institutional investor held 171,459 shares of the consumer services company at the end of 2017Q4, valued at $6.62 million, down from 279,427 at the end of the previous reported quarter. Rafferty Asset Management Llc who had been investing in Synchrony Finl for a number of months, seems to be less bullish one the $26.19B market cap company. The stock increased 1.45% or $0.5 during the last trading session, reaching $34.71. About 1.82M shares traded. Synchrony Financial (NYSE:SYF) has declined 0.21% since May 16, 2017 and is downtrending. It has underperformed by 11.76% the S&P500.

Rafferty Asset Management Llc, which manages about $7.35B and $5.79B US Long portfolio, upped its stake in Ishares Tr (FXI) by 1.36 million shares to 3.63M shares, valued at $167.69M in 2017Q4, according to the filing. It also increased its holding in Berkshire Hathaway Inc Del (BRKB) by 98,985 shares in the quarter, for a total of 420,997 shares, and has risen its stake in Ishares Tr (IVV).

Analysts await Synchrony Financial (NYSE:SYF) to report earnings on July, 20. They expect $0.80 EPS, up 31.15 % or $0.19 from last year’s $0.61 per share. SYF’s profit will be $603.72 million for 10.85 P/E if the $0.80 EPS becomes a reality. After $0.83 actual EPS reported by Synchrony Financial for the previous quarter, Wall Street now forecasts -3.61 % negative EPS growth.

More notable recent Synchrony Financial (NYSE:SYF) news were published by: Seekingalpha.com which released: “Synchrony: Buy On The Dip” on May 15, 2018, also Investorplace.com with their article: “Warren Buffett’s Best Dividend Stocks” published on May 16, 2018, Seekingalpha.com published: “Avenir Global Fund Q1 ’18 Commentary: Long Synchrony” on May 01, 2018. More interesting news about Synchrony Financial (NYSE:SYF) were released by: Streetinsider.com and their article: “Omega’s 13F Shows Increase in Ocwen (OCN), Synchrony (SYF), United (UAL), Exits Zynga (ZNGA) (More…)” published on May 15, 2018 as well as Seekingalpha.com‘s news article titled: “Synchrony Financial: Down For A Reason” with publication date: April 26, 2018.

Synchrony Financial (NYSE:SYF) Ratings Coverage

Among 14 analysts covering Synchrony Financial (NYSE:SYF), 9 have Buy rating, 1 Sell and 4 Hold. Therefore 64% are positive. Synchrony Financial had 20 analyst reports since December 1, 2017 according to SRatingsIntel. The company was maintained on Wednesday, January 10 by Jefferies. The company was maintained on Friday, December 1 by Jefferies. The stock of Synchrony Financial (NYSE:SYF) has “Buy” rating given on Monday, December 18 by Bank of America. Susquehanna maintained the stock with “Buy” rating in Friday, January 19 report. BTIG Research maintained it with “Buy” rating and $4400 target in Friday, April 20 report. On Tuesday, March 27 the stock rating was initiated by UBS with “Sell”. On Monday, January 22 the stock rating was maintained by BTIG Research with “Buy”. The rating was maintained by Stephens on Wednesday, January 3 with “Hold”. The firm earned “Outperform” rating on Monday, April 23 by BMO Capital Markets. As per Tuesday, April 17, the company rating was maintained by RBC Capital Markets.

Synchrony Financial (NYSE:SYF) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter: