Synchrony Financial (NYSE:SYF) insider David P. Melito sold 600 shares of Synchrony Financial stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $34.11, for a total value of $20,466.00. Following the sale, the insider now owns 45,455 shares in the company, valued at $1,550,470.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Synchrony Financial (NYSE:SYF) traded up 2.882% during mid-day trading on Thursday, reaching $33.951. The company’s stock had a trading volume of 3,619,698 shares. The company has a market capitalization of $27.53 billion, a price-to-earnings ratio of 12.528 and a beta of 1.06. Synchrony Financial has a one year low of $23.25 and a one year high of $38.06. The stock has a 50-day moving average price of $34.27 and a 200-day moving average price of $33.81.
Synchrony Financial (NYSE:SYF) last released its quarterly earnings results on Friday, January 20th. The financial services provider reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.03. The business had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.51 billion. Synchrony Financial had a return on equity of 16.34% and a net margin of 15.15%. During the same quarter in the prior year, the firm posted $0.65 EPS. Equities research analysts forecast that Synchrony Financial will post $3.03 EPS for the current year.
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Several large investors have recently added to or reduced their stakes in SYF. Creative Planning boosted its stake in Synchrony Financial by 72.1% in the third quarter. Creative Planning now owns 6,676 shares of the financial services provider’s stock worth $187,000 after buying an additional 2,796 shares in the last quarter. Capstone Asset Management Co. boosted its stake in Synchrony Financial by 1.8% in the third quarter. Capstone Asset Management Co. now owns 62,614 shares of the financial services provider’s stock worth $1,753,000 after buying an additional 1,079 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Synchrony Financial by 22.4% in the third quarter. Nisa Investment Advisors LLC now owns 77,955 shares of the financial services provider’s stock worth $2,183,000 after buying an additional 14,277 shares in the last quarter. David R. Rahn & Associates Inc. boosted its stake in Synchrony Financial by 1.8% in the third quarter. David R. Rahn & Associates Inc. now owns 27,735 shares of the financial services provider’s stock worth $777,000 after buying an additional 500 shares in the last quarter. Finally, Trust Co raised its stake in Synchrony Financial by 15.1% in the second quarter. Trust Co now owns 13,117 shares of the financial services provider’s stock worth $332,000 after buying an additional 1,725 shares during the last quarter. Institutional investors and hedge funds own 89.10% of the company’s stock.
SYF has been the topic of several analyst reports. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $44.00 target price on shares of Synchrony Financial in a report on Tuesday, April 11th. Oppenheimer Holdings Inc. initiated coverage on Synchrony Financial in a report on Tuesday, April 11th. They issued a “market perform” rating on the stock. Vetr downgraded Synchrony Financial from a “strong-buy” rating to a “buy” rating and set a $40.10 target price on the stock. in a report on Monday, February 6th. Jefferies Group LLC reissued a “buy” rating and issued a $45.00 target price (up from $43.00) on shares of Synchrony Financial in a report on Monday, January 9th. Finally, CIBC reissued a “market perform” rating on shares of Synchrony Financial in a report on Tuesday, April 11th. Five investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $39.09.
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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