Synchrony Financial (SYF) Director Acquires $34,200.00 in Stock

Synchrony Financial (NYSE:SYF) Director Laurel Richie acquired 1,000 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was acquired at an average cost of $34.20 per share, with a total value of $34,200.00. Following the completion of the transaction, the director now owns 8,608 shares of the company’s stock, valued at $294,393.60. The transaction was disclosed in a filing with the SEC, which is available at this link.

Shares of Synchrony Financial (SYF) traded down $0.18 on Friday, hitting $33.49. The stock had a trading volume of 2,342,809 shares, compared to its average volume of 6,999,298. Synchrony Financial has a one year low of $26.01 and a one year 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 cap of $26,349.86, a price-to-earnings ratio of 12.85, a price-to-earnings-growth ratio of 1.69 and a beta of 1.02.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results on Friday, October 20th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter last year, the company posted $0.73 EPS. equities analysts expect that Synchrony Financial will post 2.59 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Monday, November 6th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.60 annualized dividend and a dividend yield of 1.79%. Synchrony Financial’s payout ratio is 22.90%.

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A number of analysts have recently issued reports on the company. Barclays PLC reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Synchrony Financial in a research report on Tuesday. JMP Securities lifted their price target on Synchrony Financial from $35.00 to $37.00 and gave the stock a “market outperform” rating in a report on Monday, October 23rd. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Synchrony Financial in a report on Friday, October 20th. Morgan Stanley lifted their price target on Synchrony Financial from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, October 23rd. Finally, Zacks Investment Research raised Synchrony Financial from a “strong sell” rating to a “hold” rating in a report on Monday, October 23rd. Twelve analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $36.93.

Institutional investors and hedge funds have recently modified their holdings of the company. Berkshire Hathaway Inc. bought a new position in shares of Synchrony Financial in the 2nd quarter valued at $520,747,000. Raymond James Financial Services Advisors Inc. grew its position in Synchrony Financial by 15.7% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 409,428 shares of the financial services provider’s stock worth $12,209,000 after acquiring an additional 55,662 shares during the last quarter. Janus Henderson Group PLC grew its position in Synchrony Financial by 1,820.5% during the 2nd quarter. Janus Henderson Group PLC now owns 10,934,573 shares of the financial services provider’s stock worth $326,070,000 after acquiring an additional 10,365,219 shares during the last quarter. K.J. Harrison & Partners Inc bought a new stake in Synchrony Financial during the 3rd quarter worth $2,369,000. Finally, Amalgamated Bank grew its position in Synchrony Financial by 57.1% during the 2nd quarter. Amalgamated Bank now owns 91,027 shares of the financial services provider’s stock worth $2,714,000 after acquiring an additional 33,101 shares during the last quarter. Institutional investors own 87.23% of the company’s stock.

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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