Pinnacle Finl Partners (PNFP) Position Raised by Oppenheimer Asset Management Inc; Synchrony Finl (SYF) Shares Declined While Qs Investors Has Decreased Holding by $596,378

February 4, 2018 - By Darrin Black

Oppenheimer Asset Management Inc increased its stake in Pinnacle Finl Partners Inc (PNFP) by 179.01% based on its latest 2017Q3 regulatory filing with the SEC. Oppenheimer Asset Management Inc bought 7,307 shares as the company’s stock declined 14.16% while stock markets rallied. The institutional investor held 11,389 shares of the finance company at the end of 2017Q3, valued at $763,000, up from 4,082 at the end of the previous reported quarter. Oppenheimer Asset Management Inc who had been investing in Pinnacle Finl Partners Inc for a number of months, seems to be bullish on the $4.96B market cap company. The stock increased 0.31% or $0.2 during the last trading session, reaching $64.2. About 643,932 shares traded or 42.71% up from the average. Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) has risen 26.22% since February 4, 2017 and is uptrending. It has outperformed by 9.52% the S&P500.

Qs Investors Llc decreased its stake in Synchrony Finl (SYF) by 9.69% based on its latest 2017Q3 regulatory filing with the SEC. Qs Investors Llc sold 19,238 shares as the company’s stock declined 26.83% while stock markets rallied. The institutional investor held 179,374 shares of the consumer services company at the end of 2017Q3, valued at $5.57M, down from 198,612 at the end of the previous reported quarter. Qs Investors Llc who had been investing in Synchrony Finl for a number of months, seems to be less bullish one the $29.80 billion market cap company. The stock decreased 2.10% or $0.83 during the last trading session, reaching $38.68. About 6.19M shares traded. Synchrony Financial (NYSE:SYF) has declined 10.35% since February 4, 2017 and is downtrending. It has underperformed by 27.05% the S&P500.




Oppenheimer Asset Management Inc, which manages about $12.85 billion and $3.85B US Long portfolio, decreased its stake in Pnc Finl Svcs Group Inc (NYSE:PNC) by 2,679 shares to 8,381 shares, valued at $1.13M in 2017Q3, according to the filing. It also reduced its holding in Store Cap Corp (NYSE:STOR) by 28,005 shares in the quarter, leaving it with 55,700 shares, and cut its stake in Ralph Lauren Corp (NYSE:RL).

Since August 22, 2017, it had 0 insider buys, and 10 sales for $12.44 million activity. Another trade for 3,000 shares valued at $181,355 was sold by Samuel Ronald L. CALLICUTT RICHARD D II sold $2.02M worth of stock or 30,000 shares. On Friday, October 20 CARPENTER HAROLD R sold $1.19 million worth of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) or 17,711 shares. Sloan Thomas R sold 15,000 shares worth $989,600. 70,000 shares valued at $4.71 million were sold by MCCABE ROBERT A JR on Friday, October 20.

Among 13 analysts covering Pinnacle Financial Partners (NASDAQ:PNFP), 7 have Buy rating, 0 Sell and 6 Hold. Therefore 54% are positive. Pinnacle Financial Partners had 36 analyst reports since July 23, 2015 according to SRatingsIntel. As per Thursday, December 21, the company rating was maintained by Keefe Bruyette & Woods. Stephens upgraded the shares of PNFP in report on Friday, January 29 to “Overweight” rating. The firm has “Market Perform” rating by Wood given on Thursday, July 23. The rating was maintained by SunTrust on Wednesday, October 18 with “Buy”. The firm has “Hold” rating given on Tuesday, September 13 by Sandler O’Neill. The rating was upgraded by Hovde Group on Monday, January 25 to “Market Perform”. The stock of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) earned “Sector Perform” rating by Portales Partners on Wednesday, July 22. The rating was maintained by Sandler O’Neill with “Buy” on Thursday, January 18. SunTrust maintained the shares of PNFP in report on Tuesday, November 28 with “Buy” rating. The firm has “Buy” rating by Piper Jaffray given on Thursday, January 18.

Investors sentiment decreased to 1.47 in Q3 2017. Its down 0.92, from 2.39 in 2017Q2. It dropped, as 24 investors sold PNFP shares while 66 reduced holdings. 32 funds opened positions while 100 raised stakes. 55.20 million shares or 3.94% more from 53.10 million shares in 2017Q2 were reported. Copper Rock Cap Prns Ltd Liability Com holds 1.67% or 375,192 shares in its portfolio. Public Employees Retirement System Of Ohio holds 112,263 shares or 0.04% of its portfolio. The Maryland-based Profund Advsrs Ltd Llc has invested 0.03% in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP). Mendon Advisors Corp holds 841,264 shares or 4.71% of its portfolio. Dimensional Fund Advisors LP reported 0.04% in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP). Hightower Limited Liability holds 0% or 6,911 shares in its portfolio. Acadian Asset Limited Co reported 360 shares. Fj Capital Mgmt accumulated 4.84% or 597,000 shares. Northwestern Mutual Wealth Mngmt holds 0% or 2,763 shares. Oppenheimer Asset Management owns 11,389 shares. Delta Asset Mngmt Limited Liability Corp Tn reported 157 shares. Arizona State Retirement owns 0.03% invested in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) for 41,835 shares. Moreover, South State Corp has 0.03% invested in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP). Argent Tru accumulated 3,216 shares. Amalgamated Bank holds 14,066 shares.

Qs Investors Llc, which manages about $4.98B and $12.33 billion US Long portfolio, upped its stake in Essendant Inc by 24,412 shares to 143,901 shares, valued at $1.90M in 2017Q3, according to the filing. It also increased its holding in Spdr Index Shs Fds (RWX) by 52,064 shares in the quarter, for a total of 1.49M shares, and has risen its stake in Duke Energy Corp New (NYSE:DUK).

Among 29 analysts covering Synchrony Financial (NYSE:SYF), 22 have Buy rating, 0 Sell and 7 Hold. Therefore 76% are positive. Synchrony Financial had 69 analyst reports since July 20, 2015 according to SRatingsIntel. Citigroup maintained Synchrony Financial (NYSE:SYF) on Wednesday, June 15 with “Buy” rating. Macquarie Research initiated the stock with “Neutral” rating in Wednesday, May 11 report. Wells Fargo maintained it with “Market Perform” rating and $35 target in Monday, October 23 report. Jefferies maintained the stock with “Buy” rating in Friday, October 20 report. As per Wednesday, March 29, the company rating was initiated by Wells Fargo. The stock of Synchrony Financial (NYSE:SYF) earned “Buy” rating by BTIG Research on Monday, January 22. The firm has “Buy” rating given on Thursday, June 15 by Keefe Bruyette & Woods. The stock of Synchrony Financial (NYSE:SYF) earned “Buy” rating by Jefferies on Wednesday, June 15. The stock has “Buy” rating by Compass Point on Friday, November 4. The firm earned “Buy” rating on Monday, July 17 by BTIG Research.

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