Synchrony Financial (NYSE:SYF) insider David P. Melito sold 2,159 shares of Synchrony Financial stock in a transaction on Monday, November 21st. The shares were sold at an average price of $33.54, for a total value of $72,412.86. Following the completion of the sale, the insider now owns 40,863 shares in the company, valued at approximately $1,370,545.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Synchrony Financial (NYSE:SYF) traded up 2.91% on Wednesday, reaching $34.96. The company had a trading volume of 11,404,334 shares. The stock has a 50 day moving average of $29.37 and a 200 day moving average of $28.30. Synchrony Financial has a 12 month low of $23.25 and a 12 month high of $35.02. The firm has a market capitalization of $28.86 billion, a PE ratio of 13.14 and a beta of 0.89.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings results on Friday, October 21st. The company reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.04. Synchrony Financial had a return on equity of 16.61% and a net margin of 15.40%. During the same quarter in the prior year, the firm earned $0.69 earnings per share. On average, analysts anticipate that Synchrony Financial will post $2.68 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 17th. Shareholders of record on Monday, November 7th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date was Thursday, November 3rd. Synchrony Financial’s dividend payout ratio is presently 19.55%.

A number of research firms have commented on SYF. Wedbush began coverage on Synchrony Financial in a research report on Monday, October 10th. They issued an “outperform” rating and a $31.00 target price on the stock. Bank of America Corp. restated a “neutral” rating and issued a $30.00 target price (up previously from $28.00) on shares of Synchrony Financial in a research report on Tuesday, July 26th. Deutsche Bank AG restated a “buy” rating and issued a $31.50 target price on shares of Synchrony Financial in a research report on Thursday, August 18th. Zacks Investment Research downgraded Synchrony Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, September 28th. Finally, Compass Point began coverage on Synchrony Financial in a report on Friday, November 4th. They issued a “buy” rating and a $34.00 price objective on the stock. Three analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. Synchrony Financial presently has a consensus rating of “Buy” and an average price target of $39.56.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Carnick & Kubik Group LLC bought a new position in shares of Synchrony Financial during the second quarter worth approximately $1,025,000. Highlander Capital Management LLC boosted its position in shares of Synchrony Financial by 801.4% in the second quarter. Highlander Capital Management LLC now owns 40,492 shares of the company’s stock worth $1,024,000 after buying an additional 36,000 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its position in shares of Synchrony Financial by 13.1% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 1,831,484 shares of the company’s stock worth $46,300,000 after buying an additional 212,828 shares in the last quarter. Douglas Lane & Associates LLC boosted its position in shares of Synchrony Financial by 9.0% in the second quarter. Douglas Lane & Associates LLC now owns 1,694,556 shares of the company’s stock worth $42,838,000 after buying an additional 140,264 shares in the last quarter. Finally, Herndon Capital Management LLC boosted its position in shares of Synchrony Financial by 81.9% in the second quarter. Herndon Capital Management LLC now owns 2,483,013 shares of the company’s stock worth $62,769,000 after buying an additional 1,118,108 shares in the last quarter. Institutional investors own 88.24% of the company’s stock.

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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.

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