Synchrony Financial (NYSE:SYF) insider Thomas M. Quindlen sold 10,712 shares of Synchrony Financial stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $36.73, for a total transaction of $393,451.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Synchrony Financial (SYF) traded down $0.24 on Thursday, reaching $36.33. 7,870,000 shares of the company’s stock were exchanged, compared to its average volume of 7,910,000. Synchrony Financial has a 12 month low of $26.01 and a 12 month high of $40.59. The company has a quick ratio of 1.47, a current ratio of 1.45 and a debt-to-equity ratio of 1.46. The stock has a market cap of $28,430.00, a price-to-earnings ratio of 13.87, a PEG ratio of 1.41 and a beta of 1.01.
Synchrony Financial (NYSE:SYF) last posted its quarterly earnings results on Friday, January 19th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. Synchrony Financial had a net margin of 11.75% and a return on equity of 14.62%. The company had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same period last year, the firm posted $0.70 EPS. equities research analysts anticipate that Synchrony Financial will post 3.38 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 5th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend was Friday, February 2nd. Synchrony Financial’s dividend payout ratio is presently 22.90%.
A number of analysts recently commented on the stock. Zacks Investment Research upgraded shares of Synchrony Financial from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Wednesday, January 31st. Barclays set a $53.00 target price on shares of Synchrony Financial and gave the stock a “buy” rating in a research note on Monday, January 22nd. Oppenheimer reiterated a “hold” rating on shares of Synchrony Financial in a research note on Monday, January 22nd. Wells Fargo & Co upgraded shares of Synchrony Financial from a “market perform” rating to an “outperform” rating and set a $35.00 target price for the company in a research note on Tuesday, January 9th. Finally, Jefferies Group reiterated a “buy” rating and issued a $44.00 target price on shares of Synchrony Financial in a research note on Tuesday, December 26th. Nine research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Synchrony Financial currently has a consensus rating of “Buy” and an average target price of $38.30.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Synchrony Financial by 13.9% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 466,387 shares of the financial services provider’s stock valued at $14,481,000 after purchasing an additional 56,959 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of Synchrony Financial by 1.6% during the 3rd quarter. Great West Life Assurance Co. Can now owns 610,025 shares of the financial services provider’s stock valued at $18,999,000 after purchasing an additional 9,518 shares in the last quarter. Alps Advisors Inc. purchased a new position in shares of Synchrony Financial during the 4th quarter valued at approximately $283,000. Stifel Financial Corp increased its holdings in shares of Synchrony Financial by 531.9% during the 3rd quarter. Stifel Financial Corp now owns 577,096 shares of the financial services provider’s stock valued at $17,910,000 after purchasing an additional 485,775 shares in the last quarter. Finally, K.J. Harrison & Partners Inc purchased a new position in shares of Synchrony Financial during the 3rd quarter valued at approximately $2,369,000. 87.58% of the stock is owned by institutional investors.
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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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