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.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, November 6th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend was Friday, November 3rd. Synchrony Financial’s dividend payout ratio (DPR) is presently 22.90%.

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.

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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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