Synchrony Financial (NYSE:SYF) Insider Sells 11,380 Shares

Synchrony Financial (NYSE:SYF - Get Free Report) insider Curtis Howse sold 11,380 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $65.00, for a total transaction of $739,700.00. Following the completion of the sale, the insider now owns 108,062 shares in the company, valued at $7,024,030. The trade was a 9.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Synchrony Financial Price Performance

Shares of SYF traded up $0.94 during mid-day trading on Thursday, hitting $65.87. The company's stock had a trading volume of 2,210,776 shares, compared to its average volume of 3,900,075. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a 50-day moving average price of $57.25 and a 200 day moving average price of $59.54. Synchrony Financial has a fifty-two week low of $40.55 and a fifty-two week high of $70.93. The stock has a market capitalization of $25.07 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 0.67 and a beta of 1.44.

Synchrony Financial (NYSE:SYF - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.26. The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.80 billion. Synchrony Financial had a net margin of 13.00% and a return on equity of 19.68%. On average, research analysts predict that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.82%. This is a boost from Synchrony Financial's previous quarterly dividend of $0.25. The ex-dividend date was Monday, May 5th. Synchrony Financial's payout ratio is presently 16.46%.

Institutional Investors Weigh In On Synchrony Financial

Institutional investors and hedge funds have recently modified their holdings of the stock. TCTC Holdings LLC acquired a new position in shares of Synchrony Financial in the 4th quarter valued at $27,000. Zions Bancorporation National Association UT purchased a new stake in Synchrony Financial during the first quarter valued at about $30,000. Geneos Wealth Management Inc. lifted its stake in Synchrony Financial by 337.0% during the first quarter. Geneos Wealth Management Inc. now owns 590 shares of the financial services provider's stock valued at $31,000 after buying an additional 455 shares in the last quarter. Accredited Wealth Management LLC acquired a new position in shares of Synchrony Financial in the fourth quarter worth about $38,000. Finally, MAI Capital Management increased its position in shares of 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 acquiring an additional 167 shares in the last quarter. 96.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on SYF shares. Morgan Stanley reissued an "equal weight" rating and issued a $44.00 price objective (down from $82.00) on shares of Synchrony Financial in a report on Monday, April 7th. JPMorgan Chase & Co. reduced their price target on Synchrony Financial from $76.00 to $50.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Evercore ISI lowered their price target on Synchrony Financial from $64.00 to $56.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. The Goldman Sachs Group cut their price objective on shares of Synchrony Financial from $82.00 to $70.00 and set a "buy" rating on the stock in a research note on Tuesday, March 18th. Finally, Truist Financial increased their target price on shares of Synchrony Financial from $63.00 to $68.00 and gave the company a "hold" rating in a research report on Friday, June 13th. Eight equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Synchrony Financial has a consensus rating of "Moderate Buy" and an average target price of $64.78.

Synchrony Financial Company Profile

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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