Assenagon Asset Management S.A. lowered its stake in Synchrony Financial ( NYSE:SYF – Free Report ) by 62.0% during the second quarter, Holdings Channel.com reports. The institutional investor owned 514,236 shares of the financial services provider's stock after selling 839,403 shares during the period. Assenagon Asset Management S.A.'s holdings in Synchrony Financial were worth $17,443,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds have also recently bought and sold shares of SYF.

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