Synchrony Financial (NYSE:SYF) Insider Jonathan S. Mothner Sells 34,163 Shares

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

Synchrony Financial Stock Performance

SYF opened at $63.65 on Wednesday. The business has a 50 day moving average price of $54.69 and a two-hundred day moving average price of $49.36. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market capitalization of $24.78 billion, a price-to-earnings ratio of 8.31, a price-to-earnings-growth ratio of 0.90 and a beta of 1.59. Synchrony Financial has a 1-year low of $29.15 and a 1-year high of $67.76.

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

Synchrony Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.00 annualized dividend and a yield of 1.57%. Synchrony Financial’s dividend payout ratio (DPR) is 13.05%.

Institutional Investors Weigh In On Synchrony Financial

Institutional investors and hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC acquired a new stake in shares of Synchrony Financial during the first quarter worth $213,000. Orion Portfolio Solutions LLC boosted its holdings in shares of Synchrony Financial by 16.3% in the first quarter. Orion Portfolio Solutions LLC now owns 35,286 shares of the financial services provider’s stock worth $1,522,000 after buying an additional 4,935 shares during the period. Acadian Asset Management LLC increased its position in shares of Synchrony Financial by 9.4% in the first quarter. Acadian Asset Management LLC now owns 168,446 shares of the financial services provider’s stock worth $7,260,000 after acquiring an additional 14,427 shares in the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in shares of Synchrony Financial during the first quarter valued at approximately $689,000. Finally, UniSuper Management Pty Ltd lifted its position in shares of Synchrony Financial by 417.6% in the 1st quarter. UniSuper Management Pty Ltd now owns 26,824 shares of the financial services provider’s stock valued at $1,157,000 after acquiring an additional 21,642 shares in the last quarter. Institutional investors and hedge funds own 96.48% of the company’s stock.

Analyst Ratings Changes

SYF has been the topic of a number of research analyst reports. TD Cowen increased their target price on Synchrony Financial from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Synchrony Financial from $58.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Robert W. Baird set a $62.00 price target on shares of Synchrony Financial in a report on Thursday, October 17th. Jefferies Financial Group upped their target price on Synchrony Financial from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Finally, The Goldman Sachs Group boosted their price objective on Synchrony Financial from $64.00 to $72.50 and gave the company a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.43.

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.