Synchrony Finl (SYF) Holder Clearbridge LLC Has Cut Its Stake as Market Value Declined

June 14, 2018 - By Harriett Tippett

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Clearbridge Llc decreased its stake in Synchrony Finl (SYF) by 30.8% based on its latest 2018Q1 regulatory filing with the SEC. Clearbridge Llc sold 1.19 million shares as the company’s stock declined 4.76% with the market. The institutional investor held 2.68M shares of the consumer services company at the end of 2018Q1, valued at $89.71 million, down from 3.87 million at the end of the previous reported quarter. Clearbridge Llc who had been investing in Synchrony Finl for a number of months, seems to be less bullish one the $26.61 billion market cap company. The stock increased 0.92% or $0.32 during the last trading session, reaching $35.26. About 3.31M shares traded. Synchrony Financial (NYSE:SYF) has risen 30.77% since June 14, 2017 and is uptrending. It has outperformed by 18.20% the S&P500.

Clearbridge Llc, which manages about $5.40 billion and $4.49B US Long portfolio, upped its stake in Lexington Realty Trust (NYSE:LXP) by 807,170 shares to 2.17 million shares, valued at $17.06M in 2018Q1, according to the filing. It also increased its holding in Black Hills Corp (NYSE:BKH) by 95,930 shares in the quarter, for a total of 338,580 shares, and has risen its stake in Summit Hotel Pptys Inc (NYSE:INN).

Analysts await Synchrony Financial (NYSE:SYF) to report earnings on July, 20. They expect $0.80 earnings per share, up 31.15 % or $0.19 from last year’s $0.61 per share. SYF’s profit will be $603.81M for 11.02 P/E if the $0.80 EPS becomes a reality. After $0.83 actual earnings per share reported by Synchrony Financial for the previous quarter, Wall Street now forecasts -3.61 % negative EPS growth.

More recent Synchrony Financial (NYSE:SYF) news were published by: Globenewswire.com which released: “Analysis: Positioning to Benefit within Ally Financial, Huntsman, Synchrony Financial, Exelon, TransEnterix, and …” on June 12, 2018. Also Seekingalpha.com published the news titled: “Synchrony Can Sustain More Credit Card Pain” on May 31, 2018. Businesswire.com‘s news article titled: “Synchrony Completes Acquisition of Loop Commerce” with publication date: June 08, 2018 was also an interesting one.

Synchrony Financial (NYSE:SYF) Ratings Coverage

Among 13 analysts covering Synchrony Finl (NYSE:SYF), 9 have Buy rating, 1 Sell and 3 Hold. Therefore 69% are positive. Synchrony Finl had 17 analyst reports since December 18, 2017 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, January 10 by Jefferies. Bank of America upgraded the stock to “Buy” rating in Monday, December 18 report. The stock of Synchrony Financial (NYSE:SYF) has “Buy” rating given on Thursday, January 4 by BMO Capital Markets. On Tuesday, March 27 the stock rating was initiated by UBS with “Sell”. On Monday, April 30 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. Susquehanna maintained Synchrony Financial (NYSE:SYF) on Friday, January 19 with “Buy” rating. BMO Capital Markets maintained it with “Outperform” rating and $51 target in Monday, April 23 report. The company was maintained on Wednesday, January 3 by Stephens. As per Friday, April 20, the company rating was maintained by BTIG Research. The company was upgraded on Tuesday, January 9 by Wells Fargo.

Synchrony Financial (NYSE:SYF) Ratings Chart

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