Synchrony Financial (NYSE:SYF) insider David P. Melito sold 1,881 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $38.00, for a total value of $71,478.00. Following the transaction, the insider now directly owns 43,140 shares in the company, valued at $1,639,320. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Synchrony Financial (NYSE:SYF) traded up $0.16 on Friday, reaching $37.50. 7,819,575 shares of the company’s stock traded hands, compared to its average volume of 7,093,806. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.38. Synchrony Financial has a twelve month low of $26.01 and a twelve month high of $38.06. The stock has a market capitalization of $29,221.97, a price-to-earnings ratio of 14.25, a PEG ratio of 1.88 and a beta of 1.06.

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

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 6th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.60 annualized dividend and a yield of 1.60%. Synchrony Financial’s dividend payout ratio (DPR) is presently 22.90%.

A number of institutional investors and hedge funds have recently modified their holdings of SYF. State of Alaska Department of Revenue lifted its holdings in Synchrony Financial by 19.7% in the second quarter. State of Alaska Department of Revenue now owns 5,338 shares of the financial services provider’s stock worth $159,000 after buying an additional 880 shares during the period. Municipal Employees Retirement System of Michigan lifted its holdings in Synchrony Financial by 54.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 39,290 shares of the financial services provider’s stock worth $1,172,000 after buying an additional 13,770 shares during the period. Retirement Systems of Alabama lifted its holdings in Synchrony Financial by 0.3% in the second quarter. Retirement Systems of Alabama now owns 373,459 shares of the financial services provider’s stock worth $11,137,000 after buying an additional 1,136 shares during the period. Tdam USA Inc. lifted its holdings in Synchrony Financial by 241.9% in the second quarter. Tdam USA Inc. now owns 28,267 shares of the financial services provider’s stock worth $835,000 after buying an additional 20,000 shares during the period. Finally, HL Financial Services LLC lifted its holdings in Synchrony Financial by 101.3% in the second quarter. HL Financial Services LLC now owns 17,968 shares of the financial services provider’s stock worth $536,000 after buying an additional 9,043 shares during the period. Institutional investors and hedge funds own 85.77% of the company’s stock.

A number of brokerages have recently issued reports on SYF. Jefferies Group raised their price objective on Synchrony Financial to $44.00 and gave the company a “top pick” rating in a research note on Friday, December 1st. Barclays reissued a “buy” rating and issued a $43.00 target price on shares of Synchrony Financial in a research note on Tuesday, November 21st. Oppenheimer reissued a “hold” rating on shares of Synchrony Financial in a research note on Tuesday, October 31st. Wells Fargo & Company raised their target price on Synchrony Financial from $33.00 to $35.00 and gave the stock a “market perform” rating in a research note on Monday, October 23rd. Finally, Zacks Investment Research raised Synchrony Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, October 23rd. Eleven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $37.15.

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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.

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

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