Synchrony Financial (SYF) Insider Sells $482,164.60 in Stock

Synchrony Financial (NYSE:SYF) insider Margaret M. Keane sold 13,138 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $36.70, for a total value of $482,164.60. Following the completion of the sale, the insider now owns 440,169 shares of the company’s stock, valued at $16,154,202.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Synchrony Financial (NYSE:SYF) traded up $0.83 during midday trading on Friday, hitting $37.15. 3,100,000 shares of the stock were exchanged, compared to its average volume of 6,440,510. Synchrony Financial has a 52 week low of $26.01 and a 52 week high of $40.59. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.45 and a quick ratio of 1.47. The company has a market cap of $27,618.68, a P/E ratio of 15.41, a P/E/G ratio of 1.40 and a beta of 1.01.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings results on Friday, January 19th. The financial services provider reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.07. The business had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.96 billion. Synchrony Financial had a net margin of 11.75% and a return on equity of 14.62%. During the same period in the previous year, the firm posted $0.70 earnings per share. sell-side analysts predict that Synchrony Financial will post 3.38 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 5th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.62%. The ex-dividend date was Friday, February 2nd. Synchrony Financial’s dividend payout ratio is presently 24.90%.

A number of institutional investors have recently bought and sold shares of the business. Xact Kapitalforvaltning AB increased its position in shares of Synchrony Financial by 10.7% during the fourth quarter. Xact Kapitalforvaltning AB now owns 153,719 shares of the financial services provider’s stock valued at $5,935,000 after buying an additional 14,862 shares during the period. Handelsbanken Fonder AB increased its position in shares of Synchrony Financial by 11.1% during the fourth quarter. Handelsbanken Fonder AB now owns 500,000 shares of the financial services provider’s stock valued at $19,305,000 after buying an additional 50,000 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Synchrony Financial by 35.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 231,430 shares of the financial services provider’s stock valued at $8,935,000 after buying an additional 61,050 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Synchrony Financial by 9.1% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,270,483 shares of the financial services provider’s stock valued at $49,053,000 after buying an additional 106,062 shares during the period. Finally, DF Dent & Co. Inc. purchased a new position in shares of Synchrony Financial during the fourth quarter valued at about $787,000. 87.58% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently weighed in on SYF shares. Bank of America raised shares of Synchrony Financial from a “neutral” rating to a “buy” rating in a research report on Monday, December 18th. BTIG Research reissued a “buy” rating and set a $44.00 target price on shares of Synchrony Financial in a research report on Sunday, December 17th. Barclays set a $53.00 target price on shares of Synchrony Financial and gave the stock a “buy” rating in a research report on Monday, January 22nd. Wells Fargo & Co raised shares of Synchrony Financial from a “market perform” rating to an “outperform” rating and set a $35.00 target price on the stock in a research report on Tuesday, January 9th. Finally, Oppenheimer restated a “hold” rating on shares of Synchrony Financial in a research note on Monday, January 22nd. Nine research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $38.30.

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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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