Synchrony Financial (NYSE:SYF) Director Laurel Richie acquired 1,000 shares of the company’s stock in a transaction on Monday, November 20th. The shares were purchased at an average cost of $34.20 per share, for a total transaction of $34,200.00. Following the acquisition, the director now owns 8,608 shares of the company’s stock, valued at approximately $294,393.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Synchrony Financial (NYSE SYF) remained flat at $$33.86 during mid-day trading on Tuesday. 8,232,700 shares of the company traded hands, compared to its average volume of 7,012,616. Synchrony Financial has a 52 week low of $26.01 and a 52 week high of $38.06. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market capitalization of $26,500.00, a price-to-earnings ratio of 12.92, a P/E/G ratio of 1.70 and a beta of 1.02.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Friday, October 20th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.06. Synchrony Financial had a return on equity of 14.84% and a net margin of 13.17%. The firm had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same period in the previous year, the firm posted $0.73 EPS. analysts anticipate that Synchrony Financial will post 2.59 earnings per share for the current year.

The business 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. The ex-dividend date was Friday, November 3rd. This represents a $0.60 annualized dividend and a dividend yield of 1.77%. Synchrony Financial’s dividend payout ratio is currently 22.81%.

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Several institutional investors have recently modified their holdings of SYF. Creative Planning raised its position in shares of Synchrony Financial by 51.5% during the 2nd quarter. Creative Planning now owns 8,885 shares of the financial services provider’s stock worth $265,000 after purchasing an additional 3,022 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Synchrony Financial by 19.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,338 shares of the financial services provider’s stock worth $159,000 after purchasing an additional 880 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Synchrony Financial by 89.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 163,475 shares of the financial services provider’s stock worth $4,830,000 after purchasing an additional 77,300 shares during the last quarter. Aperio Group LLC raised its position in shares of Synchrony Financial by 16.2% during the 2nd quarter. Aperio Group LLC now owns 166,115 shares of the financial services provider’s stock worth $4,954,000 after purchasing an additional 23,176 shares during the last quarter. Finally, First Quadrant L P CA raised its position in shares of Synchrony Financial by 55.4% during the 2nd quarter. First Quadrant L P CA now owns 3,726 shares of the financial services provider’s stock worth $111,000 after purchasing an additional 1,328 shares during the last quarter. Hedge funds and other institutional investors own 87.23% of the company’s stock.

Several brokerages have issued reports on SYF. Barclays PLC reaffirmed a “buy” rating and set a $43.00 price objective on shares of Synchrony Financial in a report on Tuesday. BidaskClub lowered Synchrony Financial from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. TheStreet raised Synchrony Financial from a “c” rating to a “b” rating in a report on Monday, July 31st. Jefferies Group LLC reissued a “buy” rating and set a $40.00 price target on shares of Synchrony Financial in a report on Thursday, September 21st. Finally, Morgan Stanley reissued an “overweight” rating and set a $35.00 price target (up previously from $33.00) on shares of Synchrony Financial in a report on Tuesday, July 25th. Twelve research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $36.93.

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.

Insider Buying and Selling by Quarter for Synchrony Financial (NYSE:SYF)

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