Today, Synchrony Financial (SYF) Insider Sold $204,000.00 in Stock

Today, Synchrony Financial (SYF) Insider Sold $204,000.00 in Stock
Synchrony Financial (NYSE:SYF) insider Margaret M. Keane sold 6,000 shares of the stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $34.00, for a total transaction of $204,000.00. Following the completion of the transaction, the insider now owns 367,206 shares of the company’s stock, valued at approximately $12,485,004. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Synchrony Financial (NYSE:SYF) opened at 34.70 on Friday. Synchrony Financial has a 12-month low of $23.25 and a 12-month high of $35.02. The company has a 50-day moving average of $29.63 and a 200 day moving average of $28.33. The stock has a market cap of $28.64 billion, a price-to-earnings ratio of 13.05 and a beta of 0.89.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results on Friday, October 21st. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.69 by $0.04. Synchrony Financial had a net margin of 15.40% and a return on equity of 16.61%. During the same period in the previous year, the firm earned $0.69 EPS. Equities analysts anticipate that Synchrony Financial will post $2.68 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 17th. Shareholders of record on Monday, November 7th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.50%. The ex-dividend date was Thursday, November 3rd. Synchrony Financial’s dividend payout ratio (DPR) is presently 19.55%.

SYF has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Synchrony Financial from a “buy” rating to a “hold” rating in a report on Tuesday, November 15th. Credit Suisse Group AG set a $37.00 price objective on shares of Synchrony Financial and gave the company a “buy” rating in a research note on Thursday, September 22nd. Barclays PLC set a $41.00 price objective on shares of Synchrony Financial and gave the company a “buy” rating in a research note on Monday, November 21st. Stephens initiated coverage on shares of Synchrony Financial in a research note on Friday, November 18th. They issued an “overweight” rating and a $40.00 price objective on the stock. Finally, Vetr cut shares of Synchrony Financial from a “strong-buy” rating to a “buy” rating and set a $35.70 price objective on the stock. in a research note on Monday, November 14th. Three equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $39.83.

Hedge funds have recently bought and sold shares of the company. Osborn Rohs Williams & Donohoe Ltd increased its stake in Synchrony Financial by 88.1% in the second quarter. Osborn Rohs Williams & Donohoe Ltd now owns 23,490 shares of the company’s stock valued at $594,000 after buying an additional 11,000 shares during the last quarter. British Columbia Investment Management Corp increased its stake in Synchrony Financial by 32.9% in the second quarter. British Columbia Investment Management Corp now owns 487,087 shares of the company’s stock valued at $12,314,000 after buying an additional 120,653 shares during the last quarter. Daiwa SB Investments Ltd. increased its stake in Synchrony Financial by 8.5% in the second quarter. Daiwa SB Investments Ltd. now owns 5,250 shares of the company’s stock valued at $130,000 after buying an additional 410 shares during the last quarter. Exxonmobil Investment Management Inc. TX increased its stake in Synchrony Financial by 6.3% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 215,860 shares of the company’s stock valued at $5,457,000 after buying an additional 12,843 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its stake in Synchrony Financial by 6.9% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 885,105 shares of the company’s stock valued at $22,375,000 after buying an additional 57,230 shares during the last quarter. Hedge funds and other institutional investors own 88.24% of the company’s stock.

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