Synchrony Financial (SYF) Insider Sells $71,478.00 in Stock
Synchrony Financial (NYSE:SYF) insider David P. Melito sold 1,881 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $38.00, for a total value of $71,478.00. Following the completion of the sale, the insider now directly owns 43,140 shares in the company, valued at $1,639,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Synchrony Financial (SYF) traded up $0.08 during trading hours on Wednesday, hitting $37.39. The stock had a trading volume of 5,705,954 shares, compared to its average volume of 7,055,271. The company has a market capitalization of $29,308.06, a P/E ratio of 14.29, a P/E/G ratio of 1.89 and a beta of 1.06. 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 has a 1 year low of $26.01 and a 1 year high of $38.06.
Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results on Friday, October 20th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.06. The firm had revenue of $3.88 billion for the quarter, compared to the consensus estimate 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 posted $0.73 earnings per share. sell-side analysts expect that Synchrony Financial will post 2.59 EPS for the current year.
Several research firms have commented on SYF. Jefferies Group boosted their target price on Synchrony Financial to $44.00 and gave the stock a “top pick” rating in a report on Friday, December 1st. BidaskClub raised Synchrony Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Zacks Investment Research raised Synchrony Financial from a “strong sell” rating to a “hold” rating in a report on Monday, October 23rd. Oppenheimer reissued a “hold” rating on shares of Synchrony Financial in a report on Tuesday, October 31st. Finally, Morgan Stanley boosted their target price on Synchrony Financial from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, October 23rd. Twelve equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. Synchrony Financial has an average rating of “Buy” and a consensus price target of $37.14.
A number of institutional investors have recently bought and sold shares of SYF. Berkshire Hathaway Inc. purchased a new stake in Synchrony Financial during the second quarter valued at $520,747,000. Janus Henderson Group PLC increased its position in Synchrony Financial by 1,820.5% during the second quarter. Janus Henderson Group PLC now owns 10,934,573 shares of the financial services provider’s stock valued at $326,070,000 after acquiring an additional 10,365,219 shares during the last quarter. FMR LLC increased its position in Synchrony Financial by 27.1% during the second quarter. FMR LLC now owns 36,964,054 shares of the financial services provider’s stock valued at $1,102,267,000 after acquiring an additional 7,874,689 shares during the last quarter. Capital World Investors purchased a new stake in Synchrony Financial during the second quarter valued at $202,269,000. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in Synchrony Financial by 2,777.1% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,109,742 shares of the financial services provider’s stock valued at $128,144,000 after acquiring an additional 3,966,900 shares during the last quarter. Institutional investors own 85.77% of the company’s stock.
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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