Synchrony Financial (NYSE:SYF) insider Margaret M. Keane sold 13,138 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $36.70, for a total value of $482,164.60. Following the transaction, the insider now owns 440,169 shares in the company, valued at approximately $16,154,202.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Synchrony Financial (NYSE SYF) opened at $36.73 on Monday. Synchrony Financial has a 1 year low of $26.01 and a 1 year high of $40.59. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.47 and a current ratio of 1.45. The firm has a market capitalization of $28,740.00, a P/E ratio of 15.18, a price-to-earnings-growth ratio of 1.42 and a beta of 1.01.
Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data on Friday, January 19th. The financial services provider reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Synchrony Financial had a return on equity of 14.62% and a net margin of 11.75%. During the same period last year, the firm earned $0.70 EPS. equities analysts predict that Synchrony Financial will post 3.38 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 5th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $0.60 annualized dividend and a dividend yield of 1.63%. Synchrony Financial’s dividend payout ratio is currently 24.79%.
SYF has been the topic of a number of research reports. Barclays restated a “buy” rating and set a $43.00 price target on shares of Synchrony Financial in a research note on Tuesday, November 21st. Jefferies Group restated a “buy” rating and set a $44.00 price target on shares of Synchrony Financial in a research note on Tuesday, December 26th. Bank of America upgraded Synchrony Financial from a “neutral” rating to a “buy” rating in a research note on Monday, December 18th. BTIG Research restated a “buy” rating and set a $44.00 price target on shares of Synchrony Financial in a research note on Sunday, December 17th. Finally, Zacks Investment Research upgraded Synchrony Financial from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Wednesday, January 31st. Nine equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $38.30.
Several institutional investors and hedge funds have recently bought and sold shares of the company. DF Dent & Co. Inc. acquired a new stake in shares of Synchrony Financial in the 4th quarter valued at approximately $787,000. MetLife Investment Advisors LLC acquired a new stake in shares of Synchrony Financial in the 4th quarter valued at approximately $8,788,000. JT Stratford LLC acquired a new stake in shares of Synchrony Financial in the 4th quarter valued at approximately $1,139,000. BB&T Securities LLC lifted its holdings in shares of Synchrony Financial by 22.6% in the 4th quarter. BB&T Securities LLC now owns 55,576 shares of the financial services provider’s stock valued at $2,145,000 after buying an additional 10,230 shares during the period. Finally, Glenmede Trust Co. NA lifted its holdings in shares of Synchrony Financial by 1.0% in the 4th quarter. Glenmede Trust Co. NA now owns 860,928 shares of the financial services provider’s stock valued at $33,238,000 after buying an additional 8,353 shares during the period. 86.29% of the stock is owned by institutional investors and hedge funds.
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Synchrony Financial Company Profile
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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