Balyasny Asset Management Has Upped Holding in Synovus Financial (SNV) by $5.11 Million as Share Price Declined; General Electric Co (GE) Share Value Declined While Telos Capital Management Has Decreased Its Stake by $1.05 Million

April 23, 2018 - By Maria Brooks

Synovus Financial Corp. (NYSE:SNV) Logo

Dmitry Balyasny increased its stake in Synovus Financial Corp (SNV) by 1446.91% based on its latest 2017Q4 regulatory filing with the SEC. Balyasny Asset Management Llc bought 108,663 shares as the company’s stock declined 0.65% with the market. The hedge fund run by Dmitry Balyasny held 116,173 shares of the major banks company at the end of 2017Q4, valued at $5.57M, up from 7,510 at the end of the previous reported quarter. Balyasny Asset Management Llc who had been investing in Synovus Financial Corp for a number of months, seems to be bullish on the $6.07B market cap company. The stock increased 1.07% or $0.54 during the last trading session, reaching $51.17. About 463,128 shares traded. Synovus Financial Corp. (NYSE:SNV) has risen 23.40% since April 23, 2017 and is uptrending. It has outperformed by 11.85% the S&P500.

Telos Capital Management Inc decreased its stake in General Electric Co (GE) by 33.13% based on its latest 2017Q4 regulatory filing with the SEC. Telos Capital Management Inc sold 62,004 shares as the company’s stock declined 23.20% with the market. The institutional investor held 125,136 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $2.18M, down from 187,140 at the end of the previous reported quarter. Telos Capital Management Inc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $126.59 billion market cap company. The stock increased 0.27% or $0.0386 during the last trading session, reaching $14.5786. About 37.81 million shares traded. General Electric Company (NYSE:GE) has declined 54.35% since April 23, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Among 20 analysts covering Synovus Financial Corp. (NYSE:SNV), 8 have Buy rating, 0 Sell and 12 Hold. Therefore 40% are positive. Synovus Financial Corp. had 59 analyst reports since July 22, 2015 according to SRatingsIntel. As per Friday, August 25, the company rating was maintained by Robert W. Baird. The stock has “Buy” rating by Stephens on Wednesday, July 19. The rating was maintained by Robert W. Baird with “Hold” on Friday, September 29. The firm has “Equal-Weight” rating by Barclays Capital given on Wednesday, January 24. Stephens maintained the stock with “Buy” rating in Tuesday, August 15 report. The firm has “Mkt Perform” rating given on Tuesday, November 29 by Keefe Bruyette & Woods. The rating was maintained by Jefferies with “Hold” on Tuesday, October 10. As per Monday, January 9, the company rating was upgraded by Wells Fargo. As per Tuesday, November 28, the company rating was maintained by SunTrust. On Wednesday, October 18 the stock rating was maintained by Barclays Capital with “Equal-Weight”.

Balyasny Asset Management Llc, which manages about $14.49B and $32.00B US Long portfolio, decreased its stake in Red Rock Resorts Inc by 1.01 million shares to 35,000 shares, valued at $1.18 million in 2017Q4, according to the filing. It also reduced its holding in Microchip Technology Inc (NASDAQ:MCHP) by 223,085 shares in the quarter, leaving it with 93,653 shares, and cut its stake in Leucadia National Corp (NYSE:LUK).

Since October 27, 2017, it had 0 insider purchases, and 4 insider sales for $525,307 activity. TOMLINSON PHILIP W sold $51,359 worth of stock. Gula Allen J also sold $123,039 worth of Synovus Financial Corp. (NYSE:SNV) shares.

Investors sentiment increased to Infinity in 2017 Q4. Its up Infinity, from 0 in 2017Q3. It improved, as 0 investors sold SNV shares while 0 reduced holdings. 1 funds opened positions while 1 raised stakes. 69,726 shares or 511.63% more from 11,400 shares in 2017Q3 were reported. Amer Rech Management Communication accumulated 22,600 shares or 0.18% of the stock. Kcm Advisors Limited Liability reported 12,263 shares.

Since January 26, 2018, it had 1 insider buy, and 0 selling transactions for $43,446 activity.

Investors sentiment decreased to 0.5 in 2017 Q4. Its down 0.19, from 0.69 in 2017Q3. It dived, as 153 investors sold GE shares while 921 reduced holdings. 151 funds opened positions while 383 raised stakes. 4.69 billion shares or 0.29% less from 4.70 billion shares in 2017Q3 were reported. First Pacific Advsr Llc invested in 9.79 million shares or 1.28% of the stock. Hermes Invest Management Ltd reported 0.88% stake. Cohen Klingenstein Ltd Co holds 0.39% in General Electric Company (NYSE:GE) or 156,881 shares. Fcg holds 0.21% in General Electric Company (NYSE:GE) or 34,721 shares. Seabridge Investment Advisors Lc holds 1.3% or 341,855 shares in its portfolio. Roberts Glore & Communication Il accumulated 49,858 shares. Noesis Capital Mangement owns 40,557 shares or 0.25% of their US portfolio. Cap Advsr Ok invested 0.08% of its portfolio in General Electric Company (NYSE:GE). 89,520 were accumulated by Atlas Browninc. Portland Global Advisors Limited Co holds 89,788 shares or 0.58% of its portfolio. Granite Inv Ptnrs Limited Liability Corp holds 68,879 shares or 0.08% of its portfolio. Welch & Forbes Lc holds 1.34 million shares. Etrade Cap Ltd reported 0.01% in General Electric Company (NYSE:GE). Moreover, Matrix Asset Advsr Inc has 0.1% invested in General Electric Company (NYSE:GE) for 34,564 shares. Boys Arnold & Communications accumulated 287,988 shares.

General Electric Company (NYSE:GE) Institutional Positions Chart

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