Synchrony Financial (NYSE:SYF) Director P.W. Parker acquired 10,000 shares of Synchrony Financial stock in a transaction that occurred on Tuesday, July 28th. The stock was acquired at an average cost of $23.32 per share, for a total transaction of $233,200.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at $233,200. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Shares of SYF stock opened at $22.13 on Friday. The company has a market cap of $12.92 billion, a P/E ratio of 6.79, a PEG ratio of 2.86 and a beta of 1.67. The stock has a 50 day simple moving average of $22.92 and a two-hundred day simple moving average of $23.66. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.24 and a current ratio of 1.24. Synchrony Financial has a fifty-two week low of $12.15 and a fifty-two week high of $38.18.

Synchrony Financial (NYSE:SYF) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.02. Synchrony Financial had a return on equity of 14.73% and a net margin of 11.79%. The business had revenue of $950.00 million during the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the previous year, the company posted $0.97 earnings per share. The firm’s revenue for the quarter was down 54.7% on a year-over-year basis. On average, research analysts predict that Synchrony Financial will post 1.51 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, August 3rd will be paid a $0.22 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $0.88 dividend on an annualized basis and a yield of 3.98%. Synchrony Financial’s dividend payout ratio (DPR) is presently 20.51%.

SYF has been the subject of several research reports. ValuEngine upgraded Synchrony Financial from a “sell” rating to a “hold” rating in a research report on Thursday, July 2nd. BMO Capital Markets dropped their target price on Synchrony Financial from $31.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, April 22nd. Citigroup increased their target price on Synchrony Financial from $19.00 to $22.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Barclays dropped their target price on Synchrony Financial from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 22nd. Finally, Nomura Securities dropped their target price on Synchrony Financial from $34.00 to $16.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $24.59.

Several large investors have recently made changes to their positions in SYF. Capital World Investors purchased a new position in shares of Synchrony Financial during the first quarter valued at approximately $424,440,000. Norges Bank purchased a new position in shares of Synchrony Financial during the fourth quarter valued at approximately $257,848,000. Altshuler Shaham Ltd boosted its position in shares of Synchrony Financial by 3,478,129.7% during the first quarter. Altshuler Shaham Ltd now owns 3,860,835 shares of the financial services provider’s stock valued at $62,120,000 after buying an additional 3,860,724 shares during the last quarter. Ruffer LLP boosted its position in shares of Synchrony Financial by 172.9% during the first quarter. Ruffer LLP now owns 3,708,452 shares of the financial services provider’s stock valued at $59,687,000 after buying an additional 2,349,717 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Synchrony Financial by 37.6% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 8,157,035 shares of the financial services provider’s stock valued at $131,247,000 after buying an additional 2,228,721 shares during the last quarter. 87.85% of the stock is currently owned by institutional investors.

Synchrony Financial Company Profile

Synchrony Financial operates as a consumer financial services company in the United States. The company offers private label credit cards, dual cards, general purpose co-branded credit cards, and small and medium-sized business credit products; and promotional financing for consumer purchases, such as private label credit cards and installment loans.

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