Evercore Wealth Management Has Increased Synchrony Finl (SYF) Holding; Shorts at Hrg Group (HRG) Raised By 43.61%

November 14, 2017 - By Winifred Garcia

Hrg Group Incorporated (NYSE:HRG) had an increase of 43.61% in short interest. HRG’s SI was 2.69M shares in November as released by FINRA. Its up 43.61% from 1.87M shares previously. With 942,800 avg

volume, 3 days are for Hrg Group Incorporated (NYSE:HRG)’s short sellers to cover HRG’s short positions. About 1.14M shares traded or 19.80% up from the average. HRG Group Inc (NYSE:HRG) has risen 28.87% since November 14, 2016 and is uptrending. It has outperformed by 12.17% the S&P500.

Evercore Wealth Management Llc increased Synchrony Finl (SYF) stake by 3.69% reported in 2017Q2 SEC filing. Evercore Wealth Management Llc acquired 45,448 shares as Synchrony Finl (SYF)’s stock declined 26.83%. The Evercore Wealth Management Llc holds 1.28M shares with $38.10M value, up from 1.23 million last quarter. Synchrony Finl now has $25.47 billion valuation. The stock declined 0.15% or $0.05 reaching $32.54 on the news. About 2.48M shares traded. Synchrony Financial (NYSE:SYF) has declined 10.35% since November 14, 2016 and is downtrending. It has underperformed by 27.05% the S&P500.

Evercore Wealth Management Llc decreased Merck & Co Inc (NYSE:MRK) stake by 10,801 shares to 139,072 valued at $8.91M in 2017Q2. It also reduced Ford Mtr Co Del (NYSE:F) stake by 29,830 shares and now owns 14,341 shares. Core Laboratories N V (NYSE:CLB) was reduced too.

Among 27 analysts covering Synchrony Financial (NYSE:SYF), 19 have Buy rating, 0 Sell and 8 Hold. Therefore 70% are positive. Synchrony Financial had 57 analyst reports since July 20, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, October 20 by BMO Capital Markets. BMO Capital Markets maintained the shares of SYF in report on Friday, October 6 with “Buy” rating. The stock has “Market Outperform” rating by JMP Securities on Monday, October 23. The rating was downgraded by Bank of America to “Hold” on Friday, October 6. The firm has “Buy” rating by Keefe Bruyette & Woods given on Tuesday, August 22. The company was maintained on Wednesday, May 4 by Deutsche Bank. Oppenheimer maintained the stock with “Hold” rating in Friday, July 21 report. The rating was maintained by BTIG Research on Thursday, May 25 with “Buy”. Jefferies maintained the shares of SYF in report on Friday, October 20 with “Buy” rating. Morgan Stanley maintained the shares of SYF in report on Tuesday, July 25 with “Overweight” rating.

HRG Group, Inc. is a holding company. The company has market cap of $2.98 billion. The Firm operates through two divisions: Consumer Products and Insurance. It currently has negative earnings. The Consumer Products segment consists of the Company’s subsidiary, Spectrum Brands Holdings, Inc. .

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