SEC 13F Narrative: Synchrony Finl Com (SYF) Share Value Rose While Whittier Trust Co Raised Position by $3.11 Million

SEC 13F Narrative: Synchrony Finl              Com (SYF) Share Value Rose While Whittier Trust Co Raised Position by $3.11 Million

Whittier Trust Co increased its stake in Synchrony Finl Com (SYF) by 48.24% based on its latest 2016Q3 regulatory filing with the SEC. Whittier Trust Co bought 115,070 shares as the company’s stock rose 10.45% with the market. The institutional investor held 353,615 shares of the consumer services company at the end of 2016Q3, valued at $9.90 million, up from 238,545 at the end of the previous reported quarter. Whittier Trust Co who had been investing in Synchrony Finl Com for a number of months, seems to be bullish on the $30.32 billion market cap company. The stock increased 0.16% or $0.06 during the last trading session, hitting $36.96. Synchrony Financial (NYSE:SYF) has risen 16.93% since June 7, 2016 and is uptrending. It has outperformed by 9.50% the S&P500.

Whittier Trust Co, which manages about $2.30 billion US Long portfolio, decreased its stake in American Wtr Wks Co Inc New Com (NYSE:AWK) by 68,259 shares to 208,273 shares, valued at $15.59M in 2016Q3, according to the filing. It also reduced its holding in Capital One Finl Corp Com (NYSE:COF) by 43,546 shares in the quarter, leaving it with 3,682 shares, and cut its stake in Exxon Mobil Corp Com (NYSE:XOM).

More notable recent Synchrony Financial (NYSE:SYF) news were published by: Streetinsider.com which released: “Jefferies Raises Price Target on Synchrony Financial (SYF) to $45” on January 09, 2017, also Businesswire.com with their article: “Synchrony Financial to Announce Fourth Quarter 2016 Financial Results on …” published on January 04, 2017, Prnewswire.com published: “Technical Reports on Credit Services Stocks — Visa, PayPal, LendingClub, and …” on January 06, 2017. More interesting news about Synchrony Financial (NYSE:SYF) were released by: Finance.Yahoo.com and their article: “Zacks Investment Ideas feature highlights: Bank of America, Broadcom …” published on December 16, 2016 as well as Seekingalpha.com‘s news article titled: “Synchrony Financial: It’s Not Too Late To Jump On The Train” with publication date: December 29, 2016.

According to Zacks Investment Research, “Synchrony Financial is a consumer financial services company. It offers private label credit cards, dual cards and small and medium-sized business credit products; promotional financing for consumer purchases, including installment loans; and promotional financing to consumers. The company also offers various deposit products, such as certificates of deposit, individual retirement accounts, money market accounts, and savings accounts directly to retail and commercial customers under the Optimizer+Plus brand. Synchrony Financial is headquartered in Stamford, Connecticut.”

Synchrony Financial (NYSE:SYF) Ratings Coverage

Out of 19 analysts covering Synchrony Financial (NYSE:SYF), 15 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 79% are positive. Synchrony Financial has been the topic of 30 analyst reports since July 20, 2015 according to StockzIntelligence Inc. The rating was initiated by Wedbush with “Outperform” on Tuesday, October 11. The company was initiated on Wednesday, January 13 by DA Davidson. The firm earned “Neutral” rating on Wednesday, May 11 by Macquarie Research. The firm has “Buy” rating by Deutsche Bank given on Wednesday, May 4. Bank of America downgraded the stock to “Neutral” rating in Friday, April 8 report. Wedbush downgraded the shares of SYF in a report on Wednesday, December 7 to “Neutral” rating. On Thursday, December 15 the stock rating was upgraded by Bank of America to “Buy”. On Wednesday, June 15 the stock rating was maintained by Citigroup with “Buy”. The company was initiated on Wednesday, August 26 by Buckingham Research. The company was upgraded on Wednesday, January 13 by Goldman Sachs.

SYF Company Profile

Synchrony Financial (Synchrony), incorporated on September 12, 2003, is a consumer financial services company. The Firm provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Company’s revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit. It offers its credit products through its subsidiary, Synchrony Bank (the Bank). Through the Bank, it offers a range of deposit products insured by the Federal Deposit Insurance Corporation (FDIC), including certificates of deposit, individual retirement accounts (IRAs), money market accounts and savings accounts.

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