Synchrony Financial (NYSE:SYF) Director P.W. Parker Buys 10,000 Shares
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.
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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