Jonathan S. Mothner Sells 34,163 Shares of Synchrony Financial (NYSE:SYF) Stock

Synchrony Financial (NYSE:SYF) insider Jonathan S. Mothner sold 34,163 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $64.99, for a total transaction of $2,220,253.37. Following the transaction, the insider now owns 127,587 shares in the company, valued at approximately $8,291,879.13. The trade was a 21.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Synchrony Financial Trading Up 1.1 %

Shares of SYF opened at $65.14 on Friday. Synchrony Financial has a 1-year low of $29.15 and a 1-year high of $67.76. The company has a market capitalization of $25.36 billion, a P/E ratio of 8.50, a P/E/G ratio of 0.88 and a beta of 1.59. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.25 and a quick ratio of 1.25. The firm’s 50 day simple moving average is $55.44 and its 200 day simple moving average is $49.58.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.17. Synchrony Financial had a net margin of 13.98% and a return on equity of 16.64%. The firm had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter last year, the company posted $1.48 EPS. The business’s quarterly revenue was up 9.8% on a year-over-year basis. Sell-side analysts forecast that Synchrony Financial will post 6.52 earnings per share for the current fiscal year.

Synchrony Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date was Monday, November 4th. Synchrony Financial’s payout ratio is currently 13.05%.

Analysts Set New Price Targets

SYF has been the subject of a number of analyst reports. Bank of America upgraded Synchrony Financial from a “neutral” rating to a “buy” rating and set a $54.00 price target for the company in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft increased their price target on Synchrony Financial from $58.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. BTIG Research lowered shares of Synchrony Financial from a “buy” rating to a “neutral” rating in a research note on Monday, September 16th. TD Cowen boosted their price target on shares of Synchrony Financial from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Finally, Evercore ISI increased their price objective on shares of Synchrony Financial from $58.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $57.43.

Hedge Funds Weigh In On Synchrony Financial

Large investors have recently modified their holdings of the company. Larson Financial Group LLC boosted its stake in Synchrony Financial by 92.7% in the third quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock worth $30,000 after buying an additional 292 shares in the last quarter. Altshuler Shaham Ltd bought a new stake in shares of Synchrony Financial in the 2nd quarter worth approximately $31,000. International Assets Investment Management LLC purchased a new stake in shares of Synchrony Financial in the 2nd quarter valued at $33,000. WR Wealth Planners LLC grew its holdings in shares of Synchrony Financial by 83.6% during the 2nd quarter. WR Wealth Planners LLC now owns 716 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 326 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Synchrony Financial in the 2nd quarter worth $39,000. 96.48% of the stock is owned by hedge funds and other institutional investors.

About Synchrony Financial

Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products, and consumer installment loans. The company also offers private label credit cards, dual co-brand and general purpose credit cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts, and sweep and affinity deposits, as well as accepts deposits through third-party securities brokerage firms.