Synchrony Financial (NYSE:SYF) insider Jonathan S. Mothner sold 1,500 shares of Synchrony Financial stock in a transaction on Monday, October 30th. The shares were sold at an average price of $32.82, for a total value of $49,230.00. Following the sale, the insider now directly owns 113,934 shares in the company, valued at approximately $3,739,313.88. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Synchrony Financial (NYSE SYF) traded up $0.34 during trading on Monday, reaching $32.41. The company had a trading volume of 1,651,782 shares, compared to its average volume of 7,004,066. The firm has a market cap of $25,097.71, a P/E ratio of 12.24, a PEG ratio of 1.32 and a beta of 1.02. Synchrony Financial has a twelve month low of $26.01 and a twelve month high of $38.06. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.47 and a quick ratio of 1.47.
Synchrony Financial (NYSE:SYF) last released its earnings results on Friday, October 20th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.06. The firm had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.78 billion. Synchrony Financial had a return on equity of 14.84% and a net margin of 13.17%. During the same quarter in the prior year, the company earned $0.73 EPS. equities research analysts predict that Synchrony Financial will post 2.6 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Monday, November 6th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Friday, November 3rd. Synchrony Financial’s dividend payout ratio (DPR) is presently 22.90%.
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A number of research analysts have recently weighed in on SYF shares. Morgan Stanley restated an “overweight” rating and issued a $35.00 target price (up previously from $33.00) on shares of Synchrony Financial in a research note on Tuesday, July 25th. Barclays PLC set a $40.00 target price on Synchrony Financial and gave the company a “buy” rating in a research note on Monday, October 23rd. TheStreet raised Synchrony Financial from a “c” rating to a “b” rating in a research report on Monday, July 31st. Bank of America Corporation cut Synchrony Financial from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $35.00 to $33.00 in a research report on Friday, October 6th. Finally, JMP Securities boosted their price target on Synchrony Financial from $35.00 to $37.00 and gave the stock a “market outperform” rating in a research report on Monday, October 23rd. Twelve analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $36.77.
A number of hedge funds have recently added to or reduced their stakes in the business. Westside Investment Management Inc. grew its holdings in shares of Synchrony Financial by 32.1% in the 2nd quarter. Westside Investment Management Inc. now owns 3,567 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 867 shares in the last quarter. First Quadrant L P CA grew its holdings in shares of Synchrony Financial by 55.4% in the 2nd quarter. First Quadrant L P CA now owns 3,726 shares of the financial services provider’s stock valued at $111,000 after acquiring an additional 1,328 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Synchrony Financial by 39.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,560 shares of the financial services provider’s stock valued at $136,000 after acquiring an additional 1,280 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Synchrony Financial by 19.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 5,338 shares of the financial services provider’s stock valued at $159,000 after acquiring an additional 880 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Synchrony Financial by 9.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,387 shares of the financial services provider’s stock valued at $160,000 after acquiring an additional 486 shares in the last quarter. Hedge funds and other institutional investors own 88.32% of the company’s stock.
About Synchrony Financial
Synchrony Financial is a consumer financial services company. The Company 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. The Company’s revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit.
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