As Icici Bk LTD (IBN) Market Valuation Declined, Holder Ashmore Group Plc Has Increased Its Stake; Ejf Capital Has Lifted Its Position in Synovus Finl (SNV) by $489,902

June 17, 2018 - By Ellis Scott

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Emanuel J. Friedman increased its stake in Synovus Finl Corp (SNV) by 2.78% based on its latest 2018Q1 regulatory filing with the SEC. Ejf Capital Llc bought 9,998 shares as the company’s stock rose 6.52% while stock markets declined. The hedge fund run by Emanuel J. Friedman held 370,000 shares of the major banks company at the end of 2018Q1, valued at $18.48M, up from 360,002 at the end of the previous reported quarter. Ejf Capital Llc who had been investing in Synovus Finl Corp for a number of months, seems to be bullish on the $6.56 billion market cap company. The stock decreased 0.83% or $0.46 during the last trading session, reaching $55.27. About 2.16 million shares traded or 155.71% up from the average. Synovus Financial Corp. (NYSE:SNV) has risen 29.99% since June 17, 2017 and is uptrending. It has outperformed by 17.42% the S&P500. Some Historical SNV News: 04/04/2018 – Synovus Closes Above 50-Day Moving Average: Technicals; 20/04/2018 – DJ Synovus Financial Corp, Inst Holders, 1Q 2018 (SNV); 24/04/2018 – SYNOVUS FINANCIAL CORP SEES 2018 SHARE REPURCHASES UPTO $150 MLN; 24/04/2018 – Synovus 1Q Adj EPS 86c; 24/04/2018 – SYNOVUS 1Q EPS 84C; 24/04/2018 – Synovus Total Avg Loans for 1Q $24.85B; 24/04/2018 – Synovus 1Q Total Avg Loans Grew $240.8M; 24/04/2018 – Synovus 1Q Net Interest Margin Was 3.78%; 24/04/2018 – Synovus 1Q EPS 4c; 22/03/2018 – Synovus Trust’s Morgan Says It’s Too Early to Make Judgements on Facebook’s Future (Video)




Ashmore Group Plc increased its stake in Icici Bk Ltd (IBN) by 3655.67% based on its latest 2018Q1 regulatory filing with the SEC. Ashmore Group Plc bought 1.91 million shares as the company’s stock declined 14.41% with the market. The institutional investor held 1.96 million shares of the commercial banks company at the end of 2018Q1, valued at $17.36M, up from 52,229 at the end of the previous reported quarter. Ashmore Group Plc who had been investing in Icici Bk Ltd for a number of months, seems to be bullish on the $27.04 billion market cap company. The stock decreased 1.31% or $0.11 during the last trading session, reaching $8.28. About 7.05M shares traded. ICICI Bank Limited (NYSE:IBN) has declined 2.16% since June 17, 2017 and is downtrending. It has underperformed by 14.73% the S&P500. Some Historical IBN News: 19/04/2018 – ICICI BANK COMMENTS ON SUCCESSION PLAN; 25/03/2018 – ICICI PRUDENTIAL BUYS 7.60% OF SV CREDITLINE; 09/04/2018 – ET NOW: #Exclusive | Even though Govt has replaced its nominee director on @ICICIBank, sources tell @29_ruchibhatia; 25/05/2018 – ICICI BANK: SEBI NOTICE ON ALLEGED NON-COMPLIANCE OF RULES; 07/05/2018 – ICICI Bank 4Q Net Interest Income INR60.2 Bln vs. INR59.6 Bln a Year Earlier; 24/04/2018 – MEDIA-India’s ICICI Bank scraps proposal to sell home finance unit – The Hindu; 07/05/2018 – Correct: ICICI Bank 4Q Consolidated Net Profit INR11.41 Bln vs. INR20.82 Bln a Year Earlier; 29/03/2018 – India.com: ICICI Bank Clarification on RBI Penalty: “The Bank Continues to Give Utmost Importance to Regulatory Compliance; 09/04/2018 – MEDIA-ICICI Bank faces questions from key shareholders in Videocon loan case – Live Mint; 26/04/2018 – DRA CONSULTANTS LTD DRAO.BO SAYS CO APPROVED AVAILING WORKING CAPITAL LIMITS AGGREGATING UPTO 100 MLN RUPEES FROM ICICI BANK

Ejf Capital Llc, which manages about $7.64 billion and $1.24 billion US Long portfolio, decreased its stake in Mbia Inc (NYSE:MBI) by 1.03 million shares to 10,000 shares, valued at $93,000 in 2018Q1, according to the filing. It also reduced its holding in Mvb Financial Corp (MVBF) by 404,468 shares in the quarter, leaving it with 249,899 shares, and cut its stake in Bluerock Residential Grw Rei (NYSEMKT:BRG).

Investors sentiment decreased to 1 in 2018 Q1. Its down Infinity, from Infinity in 2017Q4. It turned negative, as 0 investors sold SNV shares while 1 reduced holdings. 0 funds opened positions while 1 raised stakes. 44,454 shares or 36.24% less from 69,726 shares in 2017Q4 were reported. Amer Rech & Management Co stated it has 32,400 shares. Kcm Inv Advisors Limited Liability stated it has 12,054 shares or 0.02% of all its holdings.

Among 21 analysts covering Synovus Financial Corp. (NYSE:SNV), 8 have Buy rating, 0 Sell and 13 Hold. Therefore 38% are positive. Synovus Financial Corp. had 65 analyst reports since July 22, 2015 according to SRatingsIntel. As per Friday, June 9, the company rating was maintained by Jefferies. The rating was maintained by SunTrust on Tuesday, April 24 with “Buy”. The rating was maintained by RBC Capital Markets on Thursday, September 7 with “Buy”. The company was maintained on Tuesday, September 1 by SunTrust. The firm has “Outperform” rating given on Friday, August 19 by Hovde Group. Keefe Bruyette & Woods maintained it with “Hold” rating and $45.0 target in Monday, September 25 report. The stock has “Hold” rating by Robert W. Baird on Tuesday, April 24. The stock of Synovus Financial Corp. (NYSE:SNV) has “Hold” rating given on Tuesday, October 17 by Keefe Bruyette & Woods. Keefe Bruyette & Woods downgraded Synovus Financial Corp. (NYSE:SNV) on Tuesday, November 29 to “Mkt Perform” rating. Morgan Stanley downgraded the stock to “Underperform” rating in Thursday, February 11 report.

More news for Synovus Financial Corp. (NYSE:SNV) were recently published by: Bizjournals.com, which released: “Gun-control advocates target Bank of America on Remington deal after Santa Fe shooting” on May 24, 2018. Businesswire.com‘s article titled: “Synovus Announces Commencement of $150 Million Preferred Stock Public Offering” and published on June 12, 2018 is yet another important article.

Since February 1, 2018, it had 0 insider purchases, and 3 insider sales for $482,559 activity. Shares for $123,039 were sold by Gula Allen J on Thursday, February 1. HOLLADAY MARK G had sold 5,000 shares worth $250,800 on Thursday, February 1.

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