Synchrony Financial (NYSE:SYF) insider David P. Melito sold 2,580 shares of Synchrony Financial stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $35.00, for a total transaction of $90,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Synchrony Financial (NYSE SYF) traded up $0.05 during mid-day trading on Friday, reaching $35.94. 7,335,506 shares of the company traded hands, compared to its average volume of 7,025,474. Synchrony Financial has a 1 year low of $26.01 and a 1 year high of $38.06. The stock has a market cap of $28,130.00, a P/E ratio of 13.16, a price-to-earnings-growth ratio of 1.73 and a beta of 1.02. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.47 and a current ratio of 1.47.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings results 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. Synchrony Financial had a net margin of 13.17% and a return on equity of 14.84%. The firm had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the prior year, the firm earned $0.73 EPS. research analysts anticipate that Synchrony Financial will post 2.59 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 6th were paid a $0.15 dividend. The ex-dividend date was Friday, November 3rd. This represents a $0.60 annualized dividend and a yield of 1.67%. Synchrony Financial’s dividend payout ratio is currently 22.81%.

SYF has been the subject of a number of recent research reports. BidaskClub downgraded shares of Synchrony Financial from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Jefferies Group boosted their price objective on shares of Synchrony Financial to $44.00 and gave the stock a “top pick” rating in a research report on Friday. Keefe, Bruyette & Woods restated a “buy” rating and set a $39.00 price objective on shares of Synchrony Financial in a research report on Thursday, October 12th. Wells Fargo & Company initiated coverage on shares of Synchrony Financial in a research report on Tuesday, October 10th. They set a “market perform” rating and a $33.00 price objective for the company. Finally, Oppenheimer restated a “hold” rating on shares of Synchrony Financial in a research report on Friday, October 20th. Twelve investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Synchrony Financial has a consensus rating of “Buy” and an average target price of $37.14.

Institutional investors and hedge funds have recently made changes to their positions in the business. Berkshire Hathaway Inc. acquired a new position in Synchrony Financial in the 2nd quarter valued at $520,747,000. Raymond James Financial Services Advisors Inc. increased its stake in Synchrony Financial by 13.9% in 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 buying an additional 56,959 shares during the period. Janus Henderson Group PLC increased its stake in Synchrony Financial by 1,820.5% in the 2nd quarter. Janus Henderson Group PLC now owns 10,934,573 shares of the financial services provider’s stock valued at $326,070,000 after buying an additional 10,365,219 shares during the period. K.J. Harrison & Partners Inc acquired a new position in Synchrony Financial in the 3rd quarter valued at $2,369,000. Finally, Amalgamated Bank increased its stake in Synchrony Financial by 57.1% in the 2nd quarter. Amalgamated Bank now owns 91,027 shares of the financial services provider’s stock valued at $2,714,000 after buying an additional 33,101 shares during the period. 85.68% of the stock is currently 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.

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

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