Synchrony Financial (NYSE:SYF) insider Jonathan S. Mothner sold 1,500 shares of the firm’s 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 of the company’s stock, valued at approximately $3,739,313.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data on Friday, October 20th. The financial services provider reported $0.70 EPS for the quarter, beating the consensus estimate of $0.64 by $0.06. The firm had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.78 billion. Synchrony Financial had a return on equity of 14.84% and a net margin of 13.17%. During the same period in the prior year, the company earned $0.73 EPS.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Monday, November 6th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, November 3rd. This represents a $0.60 annualized dividend and a dividend yield of 1.84%. Synchrony Financial’s dividend payout ratio (DPR) is presently 22.90%.

TRADEMARK VIOLATION NOTICE: “Jonathan S. Mothner Sells 1,500 Shares of Synchrony Financial (SYF) Stock” was originally posted by American Banking News and is the property of of American Banking News. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this report can be read at https://www.americanbankingnews.com/2017/11/01/jonathan-s-mothner-sells-1500-shares-of-synchrony-financial-syf-stock.html.

SYF has been the subject of several research reports. BidaskClub downgraded Synchrony Financial from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $39.00 price target on shares of Synchrony Financial in a report on Thursday, October 12th. BMO Capital Markets reaffirmed a “buy” rating on shares of Synchrony Financial in a report on Friday, July 21st. Jefferies Group LLC reaffirmed a “buy” rating and set a $40.00 price target on shares of Synchrony Financial in a report on Thursday, September 21st. Finally, Wells Fargo & Company initiated coverage on Synchrony Financial in a report on Tuesday, October 10th. They set a “market perform” rating and a $33.00 price target for the company. Twelve investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $36.63.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Synchrony Financial by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 52,233,692 shares of the financial services provider’s stock valued at $1,557,609,000 after purchasing an additional 956,331 shares during the last quarter. FMR LLC increased its position in shares of Synchrony Financial by 27.1% during the 2nd quarter. FMR LLC now owns 36,964,054 shares of the financial services provider’s stock valued at $1,102,267,000 after purchasing an additional 7,874,689 shares during the last quarter. Berkshire Hathaway Inc. bought a new position in shares of Synchrony Financial during the 2nd quarter valued at about $520,747,000. First Eagle Investment Management LLC increased its position in shares of Synchrony Financial by 1.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 17,303,205 shares of the financial services provider’s stock valued at $515,982,000 after purchasing an additional 197,074 shares during the last quarter. Finally, Boston Partners increased its position in shares of Synchrony Financial by 39.3% during the 2nd quarter. Boston Partners now owns 12,891,959 shares of the financial services provider’s stock valued at $384,439,000 after purchasing an additional 3,637,487 shares during the last quarter. Hedge funds and other institutional investors own 88.46% 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.

Insider Buying and Selling by Quarter for Synchrony Financial (NYSE:SYF)

Receive News & Ratings for Synchrony Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synchrony Financial and related companies with MarketBeat.com's FREE daily email newsletter.