Synchrony Financial (NYSE:SYF) Director Olympia J. Snowe bought 3,000 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was acquired at an average cost of $33.40 per share, for a total transaction of $100,200.00. Following the purchase, the director now owns 10,608 shares of the company’s stock, valued at $354,307.20. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of Synchrony Financial (NYSE:SYF) traded down $0.09 during trading hours on Wednesday, reaching $33.77. 6,838,200 shares of the company’s stock traded hands, compared to its average volume of 7,011,840. Synchrony Financial has a 1 year low of $26.01 and a 1 year high of $38.06. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.47 and a quick ratio of 1.47. The company has a market capitalization of $26,498.55, a P/E ratio of 12.92, a PEG ratio of 1.70 and a beta of 1.02.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Friday, October 20th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.06. Synchrony Financial had a net margin of 13.17% and a return on equity of 14.84%. The company had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the prior year, the firm earned $0.73 earnings per share. equities analysts forecast that Synchrony Financial will post 2.59 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Monday, November 6th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend was Friday, November 3rd. Synchrony Financial’s dividend payout ratio is 22.90%.

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Several hedge funds have recently modified their holdings of SYF. Westside Investment Management Inc. increased its position in shares of Synchrony Financial by 32.1% during the second quarter. Westside Investment Management Inc. now owns 3,567 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 867 shares in the last quarter. Patten Group Inc. increased its position in shares of Synchrony Financial by 3,019.4% during the third quarter. Patten Group Inc. now owns 106,713 shares of the financial services provider’s stock worth $106,000 after acquiring an additional 103,292 shares in the last quarter. First Quadrant L P CA increased its position in shares of Synchrony Financial by 55.4% during the second quarter. First Quadrant L P CA now owns 3,726 shares of the financial services provider’s stock worth $111,000 after acquiring an additional 1,328 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of Synchrony Financial by 39.0% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,560 shares of the financial services provider’s stock worth $136,000 after acquiring an additional 1,280 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of Synchrony Financial by 19.7% during the second quarter. State of Alaska Department of Revenue now owns 5,338 shares of the financial services provider’s stock worth $159,000 after acquiring an additional 880 shares in the last quarter. 87.23% of the stock is owned by institutional investors.

A number of equities analysts have commented on SYF shares. TheStreet upgraded shares of Synchrony Financial from a “c” rating to a “b” rating in a research report on Monday, July 31st. Keefe, Bruyette & Woods restated a “buy” rating and issued a $39.00 price target on shares of Synchrony Financial in a research report on Thursday, October 12th. BMO Capital Markets restated a “buy” rating and issued a $40.00 price target on shares of Synchrony Financial in a research report on Friday, August 25th. Jefferies Group LLC restated a “buy” rating and issued a $40.00 price target on shares of Synchrony Financial in a research report on Thursday, September 21st. Finally, Barclays PLC set a $40.00 price target on shares of Synchrony Financial and gave the company a “buy” rating in a research report on Monday, October 23rd. Twelve investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $36.93.

Synchrony Financial Company Profile

Synchrony Financial is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Company’s revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit.

Insider Buying and Selling by Quarter for Synchrony Financial (NYSE:SYF)

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