Synchrony Finl (NYSE:SYF) Price Declined While Columbus Hill Capital Management Lp Lowered Its Position by $16.64 Million

May 16, 2018 - By Joseph Norton

Synchrony Financial (NYSE:SYF) Corporate Logo

In Synchrony Finl (NYSE:SYF) was reduced the stake owned by Kevin D. Eng. The decrease is 96.37% according to 2018Q1 SEC filling. The company’s stock Sank 15.73% while Columbus Hill Capital Management Lp sold 504,301 shares. The consumer services company at the end of 2018Q1 was valued at $637,000. It’s down from 523,300 at the end of the previous reported quarter. Now it had 18,999 shares held by the hedge fund run by Kevin D. Eng. For a total of shares it increased its holding in by shares in the quarter, and has risen its stake in .

Kevin Eng was employed at Duquesne Capital and worked for David Tepper’s Appaloosa before founding Columbus Hill Capital Management. Columbus Hill invests in equities but tends to focus its attention on credit. Its record has been varied, posting a loss of 4.5% in 2011, only to bounce back with a return of more than 10% in 2012. Columbus Hill Capital Management Lp is a New Jersey-based hedge fund that was founded by Kevin D. Eng. It had more than $1.68 billion assets under management in January, 2015. Taken from Columbus Hill Capital Management latest Adv, the fund reported to have 21 full and part-time employees. Among which 9 performing investment advisory and research functions. The hedge fund had between 1-10 clients.

Synchrony Financial (NYSE:SYF) Ratings Coverage

A total of 14 analysts rate Synchrony Financial (NYSE:SYF) as follows: 9 “Buy”, 4 “Hold” and 1 “Sell”. Тherefore 64% are bullish. (NYSE:SYF) has 20 ratings reports on May 16, 2018 according to StockzIntelligence. On Tuesday, January 9 the stock has “Outperform” rating by Wells Fargo. On Friday, April 20 the firm has “Buy” rating by BMO Capital Markets given. The stock rating was maintained by Susquehanna with “Buy” on Thursday, December 28. On Monday, January 22 the stock of Synchrony Financial (NYSE:SYF) has “Buy” rating given by BTIG Research. The stock rating was maintained by BMO Capital Markets with “Outperform” on Monday, April 23. In Tuesday, March 27 report UBS initiated the stock with “Sell” rating. On Wednesday, January 3 the firm has “Hold” rating given by Stephens. The stock rating was maintained by Susquehanna with “Buy” on Friday, January 19. In Thursday, December 21 report Keefe Bruyette & Woods maintained it with “Buy” rating and $45.0 target. The stock rating was maintained by BTIG Research with “Buy” on Friday, April 20.

Synchrony Financial operates as a consumer financial services firm in the United States.The company has $26.11 billion market cap. The firm offers private label credit cards, dual cards, and small and medium-sized business credit products; and promotional financing for consumer purchases, such as private label credit cards and installment loans.The P/E ratio is 14.29. It also provides promotional financing to clients for health and personal care procedures, products, or services, such as dental, veterinary, cosmetic, vision and audiology; debt cancellation products; and deposit products, including certificates of deposit, individual retirement, money market, and savings accounts, as well as accepts deposits through third-party securities brokerage firms.

Synchrony Financial (NYSE:SYF) Analyst Ratings Chart

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