*Ci Investments INC Holds Stake in Synchrony Finl (SYF)

June 29, 2018 - By Ira Colvard

Synchrony Financial (NYSE:SYF) Corporate Logo

The stake In Synchrony Finl (SYF) was reduced held by Ci Investments Inc. According to 2018Q1 SEC filling the decrease is 12.79%. The company’s stock sank 4.76% while Ci Investments Inc sold 1.49 million shares. At the end of 2018Q1, the institutional investor held 10.18 million shares of the consumer services company, valued at $341.40M, down from 11.67 million at the end of the previous reported quarter. $25.50 billion is the market cap of Synchrony Finl. SYF is reaching $33.78 during the last trading session, after increased 2.35%.Currently Synchrony Financial is uptrending after 30.77% change in last June 29, 2017. SYF has 1.44 million shares volume. SYF outperformed the S&P500 by 18.20%.

About $8.69B US Long portfolio Ci Investments Inc manages. Its stake in General Dynamics Corp (NYSE:GD) was increased by 255,188 shares to 463,073 shares valued at $102.29M in 2018Q1, according to the filing. For a total of 1.71M shares it increased its holding in Ishares Tr (TLT) by 600,000 shares in the quarter, and has risen its stake in Devon Energy Corp New (NYSE:DVN).

Investors wait Synchrony Financial (NYSE:SYF)’s quarterly earnings on July, 20., Faxor reports. Last year’s EPS was $0.61, while now analysts expect change of 31.15 % up from current $0.80 EPS. In case of $0.80 EPS SYF’s profit could reach $603.88M. Last quarter $0.83 EPS was reported. Analysts predicts -3.61 % negative EPS growth this quarter.

Another two news for Synchrony Financial (NYSE:SYF) were briefly published by: Businesswire.com on June 28, 2018 with title “Synchrony Partners with Lady Antebellum and Darius Rucker for the Summer Plays on Tour”. The other Seekingalpha.com‘s article was titled “Synchrony Can Sustain More Credit Card Pain” and published on May 31, 2018.

Synchrony Financial (NYSE:SYF) Ratings Coverage

In total 12 analysts cover Synchrony Financial (NYSE:SYF). “Buy” rating has 8, “Sell” are 1, while 3 are “Hold”. (NYSE:SYF) has 67% bullish analysts. 15 are the (NYSE:SYF)’s ratings reports on Jun 29, 2018 according to StockzIntelligence Inc. On Tuesday, March 27 UBS initiated the shares of SYF in report with “Sell” rating. On Monday, April 30 the company was maintained by Morgan Stanley. On Friday, January 19 the stock has “Buy” rating by Susquehanna. On Tuesday, January 9 the stock has “Outperform” rating by Wells Fargo. The stock rating was maintained by BMO Capital Markets with “Buy” on Friday, April 20. On Wednesday, January 3 the rating was maintained by Stephens with “Hold”. The company rating was maintained by BTIG Research on Friday, April 20. On Wednesday, January 10 the firm earned “Buy” rating by Jefferies. On Monday, April 23 the stock of Synchrony Financial (NYSE:SYF) has “Outperform” rating given by BMO Capital Markets. On Tuesday, April 17 the firm has “Buy” rating by RBC Capital Markets given.

Synchrony Financial (NYSE:SYF) Analyst Ratings Chart

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