As Synchrony Financial (SYF) Shares Declined, Shareholder Klingenstein Fields & Co LLC Decreased Stake by $22.84 Million

April 16, 2018 - By Patrick Harkless

Synchrony Financial (NYSE:SYF) Corporate Logo

The stake In Synchrony Financial (SYF) was decreased held by Klingenstein Fields & Co Llc. According to 2017Q4 SEC form the decrease is 82.09%. By selling 600,927 shares Klingenstein Fields & Co Llc made the stock sank with 15.73%. The consumer services company reported $5.06M value for the 2017Q4. Now the institutional investor is holding 131,134 shares, compared to the 732,061 from the previous quarter. For a total of 131,489 shares it increased its holding in International Business Machine (NYSE:IBM) by 25,115 shares in the quarter, and has risen its stake in .

Analysts await Synchrony Financial (NYSE:SYF) to report earnings on April, 27. They expect $0.79 EPS, up 29.51 % or $0.18 from last year’s $0.61 per share. SYF’s profit will be $600.63M for 10.89 P/E if the $0.79 EPS becomes a reality. After $0.70 actual EPS reported by Synchrony Financial for the previous quarter, Wall Street now forecasts 12.86 % EPS growth.

Synchrony Financial (NYSE:SYF) Ratings Coverage

Total analysts of 15 have positions in Synchrony Financial (NYSE:SYF) as follows: 10 rated it a “Buy”, 1 with “Sell” and 4 with “Hold”. The positive are 67%. Since October 20, 2017 according to StockzIntelligence Inc Synchrony Financial has 21 analyst reports. On Monday, December 18 Bank of America upgraded the shares of SYF in report to “Buy” rating. On Tuesday, January 9 Wells Fargo upgraded Synchrony Financial (NYSE:SYF) to “Outperform” rating. On Friday, October 20 the firm has “Buy” rating given by BMO Capital Markets. On Thursday, December 28 the stock has “Buy” rating by Susquehanna. In Wednesday, January 3 report Stephens maintained the stock with “Hold” rating. In Monday, October 23 report Barclays Capital maintained it with “Overweight” rating and $40 target. On Wednesday, January 10 Jefferies maintained Synchrony Financial (NYSE:SYF) rating. Jefferies has “Buy” rating and $50.0 target. On Friday, January 19 the firm has “Buy” rating given by Susquehanna. On Monday, January 22 the firm earned “Buy” rating by BTIG Research. On Friday, October 20 the rating was maintained by Jefferies with “Buy”.

Synchrony Financial (NYSE:SYF) Analyst Ratings Chart

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