5 Financial Services Stocks to Buy According to Nathan Przybylo’s L2 Asset Management

1. Synchrony Financial (NYSE:SYF)

L2 Asset Management Stake Value: $2.5 million

Percentage of L2 Asset Management’s 13F Portfolio: 2.29%

No. of Hedge Fund Holders: 39

According to latest security filings, Przybylo’s L2 Asset Management owns 50,923 shares worth $2.5 million in Synchrony Financial (NYSE:SYF). This represents 2.29% of the hedge fund’s 13F portfolio. In the second quarter of 2021, Synchrony Financial (NYSE:SYF) reported an EPS of $2.12, beating estimates by $0.72. The company’s revenue of $3.4 billion beat the estimates by $800 million and presented a 2.6% year over year decline.

On September 10, investment advisory Credit Suisse kept an Outperform rating on Synchrony Financial (NYSE:SYF) stock and increased the price target to $63 from $59, appreciating the company’s long-term financial targets.

At the end of the second quarter of 2021, 39 hedge funds in the database of Insider Monkey held stakes worth $1.5 billion in Synchrony Financial (NYSE:SYF), down from 49 the preceding quarter worth $1.9 billion.

You can also read about 10 Dividend Growth Stocks to Buy and Analysts are Raising Price Targets of These 10 Stocks.

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