Synchrony Financial (NYSE:SYF) Insider Brian J. Sr. Wenzel Sells 8,514 Shares

Key Points

• Insider Selling: Brian J. Sr. Wenzel, an insider at Synchrony Financial, sold 8,514 shares at an average price of $70.00, totaling $595,980, and reduced his ownership to 68,588 shares.
• Earnings Performance: Synchrony Financial reported $2.50 earnings per share for the last quarter, exceeding analyst estimates of $1.72, although its revenue of $3.65 billion fell short of the predicted $3.71 billion.
• Dividend Announcement: The company declared a quarterly dividend of $0.30 per share, set to be paid on August 15th, representing an annualized dividend yield of 1.7% with a payout ratio of 14.56%.

Synchrony Financial (NYSE:SYF - Get Free Report) insider Brian J. Sr. Wenzel sold 8,514 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $70.00, for a total transaction of $595,980.00. Following the sale, the insider owned 68,588 shares of the company's stock, valued at $4,801,160. This represents a 11.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Synchrony Financial Trading Up 1.0%

Shares of SYF traded up $0.70 during trading hours on Tuesday, reaching $69.95. 3,712,327 shares of the company traded hands, compared to its average volume of 4,146,276. The firm has a market cap of $26.03 billion, a price-to-earnings ratio of 8.49, a PEG ratio of 0.67 and a beta of 1.49. Synchrony Financial has a 12-month low of $40.54 and a 12-month high of $73.76. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.02. The stock's fifty day moving average price is $65.69 and its 200 day moving average price is $60.11.

Synchrony Financial (NYSE:SYF - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $2.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.72 by $0.78. The firm had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.71 billion. Synchrony Financial had a net margin of 14.43% and a return on equity of 21.34%. The business's revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.55 earnings per share. Sell-side analysts forecast that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Tuesday, August 5th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Tuesday, August 5th. Synchrony Financial's payout ratio is presently 14.56%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. JMP Securities boosted their price objective on shares of Synchrony Financial from $68.00 to $77.00 and gave the company a "market outperform" rating in a research report on Thursday, July 17th. Morgan Stanley lifted their price objective on shares of Synchrony Financial from $48.00 to $70.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. Redburn Atlantic upgraded shares of Synchrony Financial to a "hold" rating in a research report on Friday. Wells Fargo & Company boosted their price target on shares of Synchrony Financial from $75.00 to $80.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Finally, Truist Financial lifted their price objective on shares of Synchrony Financial from $68.00 to $76.00 and gave the stock a "hold" rating in a research note on Thursday, July 24th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $74.05.

Institutional Trading of Synchrony Financial

Several institutional investors and hedge funds have recently made changes to their positions in SYF. Zions Bancorporation National Association UT bought a new stake in shares of Synchrony Financial in the first quarter valued at about $30,000. Geneos Wealth Management Inc. raised its holdings in Synchrony Financial by 337.0% in the first quarter. Geneos Wealth Management Inc. now owns 590 shares of the financial services provider's stock worth $31,000 after purchasing an additional 455 shares in the last quarter. MAI Capital Management raised its holdings in Synchrony Financial by 36.3% in the first quarter. MAI Capital Management now owns 627 shares of the financial services provider's stock worth $33,000 after purchasing an additional 167 shares in the last quarter. Headlands Technologies LLC bought a new position in Synchrony Financial in the first quarter worth about $34,000. Finally, CVA Family Office LLC raised its holdings in Synchrony Financial by 355.9% in the first quarter. CVA Family Office LLC now owns 693 shares of the financial services provider's stock worth $37,000 after purchasing an additional 541 shares in the last quarter. 96.48% of the stock is currently owned by institutional investors.

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.

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