Synchrony Financial (SYF) Insider Sells $204,000.00 in Stock
Synchrony Financial (NYSE:SYF) insider Margaret M. Keane sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $34.00, for a total value of $204,000.00. Following the transaction, the insider now owns 367,206 shares in the company, valued at approximately $12,485,004. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of Synchrony Financial (NYSE:SYF) opened at 34.70 on Friday. Synchrony Financial has a 1-year low of $23.25 and a 1-year high of $35.02. The stock has a market cap of $28.64 billion, a price-to-earnings ratio of 13.05 and a beta of 0.89. The company has a 50-day moving average price of $29.63 and a 200-day moving average price of $28.33.
Synchrony Financial (NYSE:SYF) last released its quarterly earnings results on Friday, October 21st. The company reported $0.73 earnings per share 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 previous year, the firm earned $0.69 EPS. On average, equities analysts expect that Synchrony Financial will post $2.68 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 17th. Stockholders of record on Monday, November 7th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, November 3rd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.50%. Synchrony Financial’s dividend payout ratio (DPR) is presently 19.55%.
SYF has been the topic of several recent analyst reports. Vetr cut Synchrony Financial from a “strong-buy” rating to a “buy” rating and set a $35.70 target price on the stock. in a research report on Monday, November 14th. Zacks Investment Research upgraded Synchrony Financial from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Saturday, November 12th. TheStreet upgraded Synchrony Financial from a “hold” rating to a “buy” rating in a research report on Monday, November 7th. Compass Point initiated coverage on Synchrony Financial in a research report on Friday, November 4th. They set a “buy” rating and a $34.00 target price on the stock. Finally, BTIG Research set a $42.00 target price on Synchrony Financial and gave the stock a “buy” rating in a research report on Sunday, October 23rd. Three analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Synchrony Financial presently has a consensus rating of “Buy” and an average target price of $39.83.
Several large investors have recently added to or reduced their stakes in SYF. Daiwa Securities Group Inc. boosted its stake in Synchrony Financial by 0.5% in the third quarter. Daiwa Securities Group Inc. now owns 20,000 shares of the company’s stock worth $560,000 after buying an additional 100 shares during the period. NEXT Financial Group Inc boosted its stake in Synchrony Financial by 2.6% in the third quarter. NEXT Financial Group Inc now owns 4,019 shares of the company’s stock worth $113,000 after buying an additional 103 shares during the period. Cadence Capital Management LLC boosted its stake in Synchrony Financial by 0.9% in the second quarter. Cadence Capital Management LLC now owns 14,768 shares of the company’s stock worth $373,000 after buying an additional 137 shares during the period. Bronfman E.L. Rothschild L.P. boosted its stake in Synchrony Financial by 4.4% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 5,350 shares of the company’s stock worth $150,000 after buying an additional 225 shares during the period. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in Synchrony Financial by 1.1% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 21,065 shares of the company’s stock worth $479,000 after buying an additional 228 shares during the period. 88.24% of the stock is currently owned by institutional investors.
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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