Ivory Investment Management LP Trimmed Its Marvell Technology Group LTD (MRVL) Stake; Last Week Synchrony Financial (SYF) Coverage

November 15, 2017 - By Vivian Currie

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 stock of Synchrony Financial (NYSE:SYF) earned “Buy” rating by BMO Capital Markets on Wednesday, August 23. The rating was maintained by BMO Capital Markets with “Buy” on Wednesday, April 12. The rating was maintained by BMO Capital Markets with “Buy” on Friday, July 21. As per Tuesday, October 20, the company rating was upgraded by Nomura. Compass Point initiated the shares of SYF in report on Friday, November 4 with “Buy” rating. BMO Capital Markets maintained the stock with “Market Perform” rating in Monday, October 19 report. The rating was maintained by IBC with “Market Perform” on Wednesday, April 12. The stock of Synchrony Financial (NYSE:SYF) has “Buy” rating given on Thursday, June 15 by Keefe Bruyette & Woods. The rating was maintained by BMO Capital Markets with “Buy” on Friday, October 6. As per Monday, September 18, the company rating was maintained by Jefferies. See Synchrony Financial (NYSE:SYF) latest ratings:

23/10/2017 Broker: Barclays Capital Rating: Overweight Old Target: $36 New Target: $40 Maintain
23/10/2017 Broker: Wells Fargo Rating: Market Perform Old Target: $33 New Target: $35 Maintain
23/10/2017 Broker: Morgan Stanley Rating: Equal-Weight Old Target: $32 New Target: $35 Maintain
23/10/2017 Broker: JMP Securities Rating: Market Outperform Old Target: $35 New Target: $37 Maintain
20/10/2017 Broker: BMO Capital Markets Rating: Buy New Target: $41.0 Maintain
20/10/2017 Broker: Jefferies Rating: Buy New Target: $40.0 Maintain
10/10/2017 Broker: Wells Fargo Rating: Hold New Target: $33.0 Initiate
06/10/2017 Broker: BMO Capital Markets Rating: Buy New Target: $40.0 Maintain
06/10/2017 Broker: Bank of America Rating: Hold New Target: $33.0 Downgrade
18/09/2017 Broker: Jefferies Rating: Buy New Target: $40.0 Maintain




Ivory Investment Management Lp decreased Marvell Technology Group Ltd (MRVL) stake by 44.51% reported in 2017Q2 SEC filing. Ivory Investment Management Lp sold 3.60 million shares as Marvell Technology Group Ltd (MRVL)’s stock rose 1.27%. The Ivory Investment Management Lp holds 4.49 million shares with $74.21 million value, down from 8.10 million last quarter. Marvell Technology Group Ltd now has $9.98B valuation. It closed at $20.12 lastly. It is down 64.54% since November 15, 2016 and is uptrending. It has outperformed by 47.84% the S&P500.

About 49,320 shares traded. Synchrony Financial (NYSE:SYF) has declined 10.35% since November 15, 2016 and is downtrending. It has underperformed by 27.05% the S&P500.

Synchrony Financial is a consumer financial services company. The company has market cap of $25.48 billion. 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. It has a 12.4 P/E ratio. The Company’s revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit.

Analysts await Marvell Technology Group Ltd. (NASDAQ:MRVL) to report earnings on November, 28 after the close. They expect $0.28 earnings per share, up 86.67% or $0.13 from last year’s $0.15 per share. MRVL’s profit will be $138.89 million for 17.96 P/E if the $0.28 EPS becomes a reality. After $0.25 actual earnings per share reported by Marvell Technology Group Ltd. for the previous quarter, Wall Street now forecasts 12.00% EPS growth.

Investors sentiment increased to 1.15 in Q2 2017. Its up 0.06, from 1.09 in 2017Q1. It improved, as 27 investors sold MRVL shares while 103 reduced holdings. 52 funds opened positions while 98 raised stakes. 369.12 million shares or 3.48% more from 356.72 million shares in 2017Q1 were reported. Robeco Institutional Asset Mngmt Bv reported 709,949 shares. 1,675 were reported by Frontier Capital Mgmt Company Ltd Limited Liability Company. Apg Asset Management Nv reported 0.01% stake. Axa has 0.16% invested in Marvell Technology Group Ltd. (NASDAQ:MRVL) for 2.16 million shares. Nationwide Fund Advsrs owns 1.11M shares. Symmetry Peak Mgmt Limited Liability invested in 15,000 shares. State Of New Jersey Common Pension Fund D accumulated 150,000 shares. Ontario – Canada-based Mackenzie Fin Corp has invested 0% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Kingdon Mngmt Lc reported 770,708 shares. The Netherlands-based Shell Asset Mngmt Comm has invested 0.01% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Lyon Street Ltd Liability Com holds 117,053 shares. Graham Ltd Partnership owns 69,300 shares. Sensato Limited Co accumulated 414,500 shares or 1.73% of the stock. Panagora Asset Management holds 827,867 shares. Fmr Limited Liability Corp holds 0.03% or 14.65M shares.

Ivory Investment Management Lp increased Alphabet Inc stake by 565 shares to 26,704 valued at $24.27M in 2017Q2. It also upped Mondelez Intl Inc (NASDAQ:MDLZ) stake by 87,386 shares and now owns 792,486 shares. Qorvo Inc was raised too.

Among 33 analysts covering Marvell Technology Group (NASDAQ:MRVL), 18 have Buy rating, 1 Sell and 14 Hold. Therefore 55% are positive. Marvell Technology Group had 95 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was downgraded by B. Riley & Co on Tuesday, October 27 to “Sell”. The rating was initiated by Stephens on Wednesday, August 31 with “Overweight”. Cowen & Co maintained Marvell Technology Group Ltd. (NASDAQ:MRVL) on Friday, November 18 with “Outperform” rating. As per Thursday, December 1, the company rating was maintained by UBS. The firm earned “Overweight” rating on Friday, August 25 by KeyBanc Capital Markets. RBC Capital Markets maintained it with “Sector Perform” rating and $9 target in Tuesday, October 27 report. The rating was downgraded by Goldman Sachs on Monday, December 5 to “Sell”. The stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) earned “Positive” rating by Susquehanna on Friday, November 18. The rating was maintained by FBR Capital on Friday, September 25 with “Mkt Perform”. FBR Capital maintained Marvell Technology Group Ltd. (NASDAQ:MRVL) rating on Monday, November 6. FBR Capital has “Buy” rating and $24.0 target.

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