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.

Several large investors have recently made changes to their positions in SYF. Federated Investors Inc. PA lifted its position in shares of Synchrony Financial by 0.6% during the 2nd quarter. Federated Investors Inc. PA now owns 26,333 shares of the financial services provider’s stock valued at $786,000 after acquiring an additional 166 shares during the last quarter. Engineers Gate Manager LP lifted its position in shares of Synchrony Financial by 148.6% during the 2nd quarter. Engineers Gate Manager LP now owns 32,318 shares of the financial services provider’s stock valued at $964,000 after acquiring an additional 19,318 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of Synchrony Financial by 86.7% during the 2nd quarter. Private Advisor Group LLC now owns 17,300 shares of the financial services provider’s stock valued at $504,000 after acquiring an additional 8,033 shares during the last quarter. Commonwealth Bank of Australia lifted its position in shares of Synchrony Financial by 128.9% during the 2nd quarter. Commonwealth Bank of Australia now owns 52,634 shares of the financial services provider’s stock valued at $1,568,000 after acquiring an additional 29,643 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Synchrony Financial by 9.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,387 shares of the financial services provider’s stock valued at $160,000 after acquiring an additional 486 shares during the last quarter. Institutional investors own 85.46% of the company’s stock.

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.

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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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