Synchrony Finl (NYSE:SYF) Shareholder Columbus Hill Capital Management Lp Trimmed Its Position by $16.64 Million

May 16, 2018 - By Palma Niemeyer

Synchrony Financial (NYSE:SYF) Corporate Logo

In Synchrony Finl (NYSE:SYF) was reduced the holdings owned by Kevin D. Eng. The reduction is 96.37% according to 2018Q1 SEC form. The company’s stock declined 15.73% with the market as Columbus Hill Capital Management Lp sold 504,301 shares. At the end of 2018Q1, the hedge fund run by Kevin D. Eng held 18,999 shares of the consumer services company, priced at $637,000, down from 523,300 at the end of the previous reported quarter. 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

Total analysts of 14 have positions in Synchrony Financial (NYSE:SYF) as follows: 9 rated it a “Buy”, 1 with “Sell” and 4 with “Hold”. The positive are 64%. The firm has $55.0 highest while $3200 is the lowest price target. The average target $42.08 is 21.65% above the last ($34.59) price. Since December 1, 2017 according to StockzIntelligence Inc Synchrony Financial has 20 analyst reports. On Friday, December 1 the company was maintained by Jefferies. The stock rating was maintained by BMO Capital Markets with “Buy” on Friday, April 20. On Monday, April 30 the stock of Synchrony Financial (NYSE:SYF) earned “Equal-Weight” rating by Morgan Stanley. On Tuesday, April 17 RBC Capital Markets maintained Synchrony Financial (NYSE:SYF) rating. RBC Capital Markets has “Buy” rating and $4500 target. On Monday, December 18 the rating was upgraded by Bank of America to “Buy”. In Friday, April 20 report BTIG Research maintained the stock with “Buy” rating. On Friday, January 19 Susquehanna maintained Synchrony Financial (NYSE:SYF) rating. Susquehanna has “Buy” rating and $45.0 target. In Thursday, January 4 report BMO Capital Markets maintained it with “Buy” rating and $55.0 target. On Monday, January 22 BTIG Research maintained Synchrony Financial (NYSE:SYF) rating. BTIG Research has “Buy” rating and $44.0 target. On Thursday, December 28 the stock of Synchrony Financial (NYSE:SYF) has “Buy” rating given by Susquehanna.

Synchrony Financial operates as a consumer financial services firm in the United States.The firm is valued at $26.11 billion. 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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