Synchrony Financial (NYSE:SYF) Insider Sells $2,220,253.37 in Stock

Synchrony Financial (NYSE:SYF) insider Jonathan S. Mothner sold 34,163 shares of Synchrony Financial stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $64.99, for a total value of $2,220,253.37. Following the transaction, the insider now owns 127,587 shares of the company’s stock, valued at $8,291,879.13. The trade was a 21.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Synchrony Financial Stock Up 1.1 %

SYF stock opened at $65.14 on Friday. The company has a market cap of $25.36 billion, a PE ratio of 8.50, a price-to-earnings-growth ratio of 0.88 and a beta of 1.59. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.06. Synchrony Financial has a 52 week low of $29.15 and a 52 week high of $67.76. The business has a 50-day simple moving average of $55.44 and a 200 day simple moving average of $49.58.

Synchrony Financial (NYSE:SYF) last issued its earnings results on Wednesday, October 16th. The financial services provider reported $1.94 EPS for the quarter, beating the consensus estimate of $1.77 by $0.17. The company had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Synchrony Financial had a net margin of 13.98% and a return on equity of 16.64%. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.48 EPS. Sell-side analysts anticipate that Synchrony Financial will post 6.52 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date was Monday, November 4th. Synchrony Financial’s dividend payout ratio is presently 13.05%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SYF shares. Evercore ISI raised their price objective on Synchrony Financial from $58.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Royal Bank of Canada lifted their price objective on shares of Synchrony Financial from $55.00 to $62.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 17th. Jefferies Financial Group upped their price objective on shares of Synchrony Financial from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Synchrony Financial from $58.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Finally, TD Cowen upped their price target on shares of Synchrony Financial from $60.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Synchrony Financial has a consensus rating of “Moderate Buy” and an average price target of $57.43.

Hedge Funds Weigh In On Synchrony Financial

Hedge funds and other institutional investors have recently modified their holdings of the business. Swedbank AB grew its position in Synchrony Financial by 23.8% in the second quarter. Swedbank AB now owns 99,461 shares of the financial services provider’s stock valued at $4,694,000 after acquiring an additional 19,098 shares during the last quarter. Cetera Investment Advisers bought a new stake in shares of Synchrony Financial during the 1st quarter valued at approximately $2,192,000. National Pension Service increased its position in Synchrony Financial by 22.7% during the 3rd quarter. National Pension Service now owns 957,758 shares of the financial services provider’s stock worth $47,773,000 after purchasing an additional 177,051 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Synchrony Financial by 35.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,300,576 shares of the financial services provider’s stock valued at $56,082,000 after purchasing an additional 342,979 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its position in Synchrony Financial by 17.2% in the second quarter. QRG Capital Management Inc. now owns 287,547 shares of the financial services provider’s stock valued at $13,569,000 after buying an additional 42,293 shares in the last quarter. Institutional investors own 96.48% of the company’s stock.

About Synchrony Financial

Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products, and consumer installment loans. The company also offers private label credit cards, dual co-brand and general purpose credit cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts, and sweep and affinity deposits, as well as accepts deposits through third-party securities brokerage firms.