David P. Melito Sells 2,000 Shares of Synchrony Financial (SYF) Stock

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 owns 39,259 shares in the company, valued at approximately $1,570,360. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Synchrony Financial (NYSE SYF) traded down $0.39 during trading on Friday, hitting $39.37. The stock had a trading volume of 8,532,072 shares, compared to its average volume of 6,410,000. The stock has a market capitalization of $30,810.00, a P/E ratio of 14.97, a PEG ratio of 1.56 and a beta of 1.06. Synchrony Financial has a 12-month low of $26.01 and a 12-month high of $40.17. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.38.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Friday, October 20th. The financial services provider reported $0.70 EPS for the quarter, topping the consensus estimate of $0.64 by $0.06. The firm had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.78 billion. Synchrony Financial had a return on equity of 14.84% and a net margin of 13.17%. During the same period in the prior year, the business posted $0.73 earnings per share. equities analysts expect that Synchrony Financial will post 2.57 EPS for the current fiscal year.

SYF has been the topic of several recent research reports. Bank of America upgraded Synchrony Financial from a “neutral” rating to a “buy” rating in a report on Monday, December 18th. BTIG Research reiterated a “buy” rating and issued a $44.00 price target on shares of Synchrony Financial in a report on Sunday, December 17th. JMP Securities increased their price target on Synchrony Financial from $35.00 to $37.00 and gave the stock a “market outperform” rating in a report on Monday, October 23rd. Wells Fargo & Co increased their price target on Synchrony Financial from $33.00 to $35.00 and gave the stock a “market perform” rating in a report on Monday, October 23rd. Finally, Barclays set a $53.00 price objective on Synchrony Financial and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Ten investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Synchrony Financial currently has an average rating of “Buy” and a consensus price target of $38.40.

Several institutional investors and hedge funds have recently modified their holdings of SYF. Federated Investors Inc. PA increased its position in shares of Synchrony Financial by 0.6% during the second 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 increased its position in shares of Synchrony Financial by 148.6% during the second 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 increased its position in shares of Synchrony Financial by 86.7% during the second 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 increased its position in shares of Synchrony Financial by 128.9% during the second 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. increased its position in shares of Synchrony Financial by 9.9% during the second 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. 85.46% of the stock is owned by institutional investors.

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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.

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