Synchrony Financial (SYF) Insider David P. Melito Sells 2,000 Shares
Synchrony Financial (NYSE:SYF) insider David P. Melito sold 2,000 shares of the stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $40.00, for a total value of $80,000.00. Following the completion of the transaction, the insider now directly owns 39,259 shares of the company’s stock, valued at $1,570,360. The sale was disclosed in a filing with the SEC, which is available through this link.
Shares of Synchrony Financial (NYSE SYF) opened at $39.37 on Friday. The firm has a market capitalization of $30,810.64, a P/E ratio of 15.03, a price-to-earnings-growth ratio of 1.55 and a beta of 1.06. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.47 and a quick ratio of 1.47. Synchrony Financial has a 52-week low of $26.01 and a 52-week high of $40.17.
Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data on Friday, October 20th. The financial services provider reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.06. Synchrony Financial had a return on equity of 14.84% and a net margin of 13.17%. 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 EPS. equities analysts predict that Synchrony Financial will post 2.57 EPS for the current fiscal year.
A number of equities analysts recently issued reports on the company. Barclays set a $55.00 price objective on Synchrony Financial and gave the stock a “buy” rating in a report on Thursday. Wells Fargo & Co raised Synchrony Financial from a “market perform” rating to an “outperform” rating and set a $35.00 price objective for the company in a report on Tuesday, January 9th. Jefferies Group reissued a “buy” rating and issued a $44.00 price objective on shares of Synchrony Financial in a report on Tuesday, December 26th. Bank of America upgraded Synchrony Financial from a “neutral” rating to a “buy” rating in a research report on Monday, December 18th. Finally, BTIG Research restated a “buy” rating and issued a $44.00 target price on shares of Synchrony Financial in a research report on Sunday, December 17th. Ten analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Synchrony Financial has an average rating of “Buy” and an average price target of $38.40.
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.
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