Synchrony Financial (NYSE:SYF) insider Margaret M. Keane sold 6,000 shares of the firm’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $34.00, for a total transaction of $204,000.00. Following the sale, the insider now owns 367,206 shares in the company, valued at approximately $12,485,004. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Synchrony Financial (NYSE:SYF) opened at 34.70 on Friday. The stock has a market capitalization of $28.64 billion, a P/E ratio of 13.05 and a beta of 0.89. Synchrony Financial has a 52 week low of $23.25 and a 52 week high of $35.02. The firm’s 50-day moving average is $29.63 and its 200-day moving average is $28.33.

Synchrony Financial (NYSE:SYF) last announced 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 net margin of 15.40% and a return on equity of 16.61%. During the same period in the prior year, the firm posted $0.69 earnings per share. On average, equities research analysts predict that Synchrony Financial will post $2.68 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 17th. Stockholders of record on Monday, November 7th were issued a $0.13 dividend. The ex-dividend date 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 is presently 19.55%.

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Several research firms recently commented on SYF. Vetr lowered shares of Synchrony Financial from a “buy” rating to a “hold” rating and set a $36.22 price target on the stock. in a research report on Thursday. Zacks Investment Research upgraded shares of Synchrony Financial from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Thursday. JMP Securities raised their price target on shares of Synchrony Financial from $33.00 to $37.00 and gave the company a “market outperform” rating in a research report on Tuesday. Barclays PLC set a $41.00 price target on shares of Synchrony Financial and gave the company a “buy” rating in a research report on Monday, November 21st. Finally, Stephens began coverage on shares of Synchrony Financial in a research report on Friday, November 18th. They set an “overweight” rating and a $40.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. Synchrony Financial presently has a consensus rating of “Buy” and a consensus target price of $39.83.

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Synchrony Financial by 1.7% in the second quarter. Vanguard Group Inc. now owns 49,269,728 shares of the company’s stock worth $1,245,539,000 after buying an additional 816,276 shares in the last quarter. Janus Capital Management LLC increased its position in shares of Synchrony Financial by 13.6% in the second quarter. Janus Capital Management LLC now owns 27,841,462 shares of the company’s stock worth $703,816,000 after buying an additional 3,336,585 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Synchrony Financial by 14.1% in the second quarter. Bank of New York Mellon Corp now owns 21,921,122 shares of the company’s stock worth $554,167,000 after buying an additional 2,706,823 shares in the last quarter. First Eagle Investment Management LLC increased its position in shares of Synchrony Financial by 1.4% in the third quarter. First Eagle Investment Management LLC now owns 16,481,807 shares of the company’s stock worth $461,491,000 after buying an additional 230,732 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Synchrony Financial by 64.5% in the third quarter. Price T Rowe Associates Inc. MD now owns 14,281,564 shares of the company’s stock worth $399,884,000 after buying an additional 5,598,606 shares in the last quarter. Institutional investors and hedge funds own 88.24% of the company’s stock.

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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