Synchrony Financial (NYSE:SYF) posted its quarterly earnings data on Friday. The financial services provider reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07, Bloomberg Earnings reports. Synchrony Financial had a return on equity of 14.84% and a net margin of 13.17%. During the same quarter in the previous year, the business posted $0.70 earnings per share.

Synchrony Financial (SYF) opened at $37.30 on Friday. The stock has a market capitalization of $29,785.44, a price-to-earnings ratio of 14.24, a P/E/G ratio of 1.48 and a beta of 1.06. Synchrony Financial has a 1-year low of $26.01 and a 1-year high of $40.17. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.38.

In related news, insider Jonathan S. Mothner sold 1,500 shares of Synchrony Financial stock in a transaction on Monday, October 30th. The stock was sold at an average price of $32.82, for a total transaction of $49,230.00. Following the completion of the transaction, the insider now directly owns 113,934 shares of the company’s stock, valued at $3,739,313.88. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Olympia J. Snowe acquired 3,000 shares of Synchrony Financial stock in a transaction that occurred on Friday, November 17th. The shares were purchased at an average cost of $33.40 per share, with a total value of $100,200.00. Following the completion of the acquisition, the director now owns 10,608 shares of the company’s stock, valued at approximately $354,307.20. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 7,961 shares of company stock valued at $291,008. 0.03% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the stock. Westside Investment Management Inc. increased its position in Synchrony Financial by 32.1% during the second quarter. Westside Investment Management Inc. now owns 3,567 shares of the financial services provider’s stock worth $104,000 after buying an additional 867 shares in the last quarter. Patten Group Inc. increased its position in Synchrony Financial by 3,019.4% during the third quarter. Patten Group Inc. now owns 106,713 shares of the financial services provider’s stock worth $106,000 after buying an additional 103,292 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Synchrony Financial by 9.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,387 shares of the financial services provider’s stock worth $160,000 after buying an additional 486 shares in the last quarter. Highlander Capital Management LLC increased its position in Synchrony Financial by 83.6% during the second quarter. Highlander Capital Management LLC now owns 5,492 shares of the financial services provider’s stock worth $165,000 after buying an additional 2,500 shares in the last quarter. Finally, Sun Life Financial INC increased its position in Synchrony Financial by 40,207.1% during the second quarter. Sun Life Financial INC now owns 5,643 shares of the financial services provider’s stock worth $168,000 after buying an additional 5,629 shares in the last quarter. 85.57% of the stock is owned by hedge funds and other institutional investors.

SYF has been the subject of several recent analyst reports. Barclays set a $40.00 price target on Synchrony Financial and gave the company a “buy” rating in a report on Monday, October 23rd. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $39.00 price target on shares of Synchrony Financial in a report on Thursday, October 12th. Jefferies Group reissued a “buy” rating and issued a $40.00 price target on shares of Synchrony Financial in a report on Thursday, September 21st. BTIG Research reissued a “buy” rating and issued a $44.00 price target on shares of Synchrony Financial in a report on Sunday, December 17th. Finally, Bank of America raised Synchrony Financial from a “neutral” rating to a “buy” rating in a report on Monday, December 18th. Ten investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $38.40.

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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.

Earnings History for Synchrony Financial (NYSE:SYF)

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