Curtis Howse Sells 21,934 Shares of Synchrony Financial (NYSE:SYF) Stock

Synchrony Financial (NYSE:SYF - Get Free Report) insider Curtis Howse sold 21,934 shares of the business's stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $55.13, for a total transaction of $1,209,221.42. Following the completion of the sale, the insider now owns 99,743 shares of the company's stock, valued at approximately $5,498,831.59. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Synchrony Financial Stock Up 18.8 %

Shares of NYSE:SYF traded up $10.69 during midday trading on Wednesday, reaching $67.51. The company's stock had a trading volume of 10,699,989 shares, compared to its average volume of 3,956,008. The firm has a market capitalization of $26.28 billion, a P/E ratio of 8.70, a PEG ratio of 1.08 and a beta of 1.59. The firm has a 50 day moving average of $51.48 and a 200-day moving average of $47.91. Synchrony Financial has a 12-month low of $28.84 and a 12-month high of $67.76. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.06.

Synchrony Financial (NYSE:SYF - Get Free Report) last announced its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.77 by $0.17. The company had revenue of $3.81 billion for the quarter, compared to analysts' expectations of $3.76 billion. Synchrony Financial had a net margin of 13.98% and a return on equity of 16.64%. Synchrony Financial's revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.48 EPS. On average, research analysts anticipate that Synchrony Financial will post 6.34 earnings per share for the current year.

Synchrony Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Monday, November 4th. Synchrony Financial's payout ratio is 13.05%.

Wall Street Analyst Weigh In

SYF has been the subject of a number of recent research reports. StockNews.com upgraded shares of Synchrony Financial from a "hold" rating to a "buy" rating in a report on Wednesday, October 9th. Royal Bank of Canada upped their price target on shares of Synchrony Financial from $55.00 to $62.00 and gave the company a "sector perform" rating in a report on Thursday, October 17th. Evercore ISI upped their price target on shares of Synchrony Financial from $58.00 to $65.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Morgan Stanley upped their price target on shares of Synchrony Financial from $37.00 to $40.00 and gave the company an "underweight" rating in a report on Thursday, October 17th. Finally, Robert W. Baird set a $62.00 price target on shares of Synchrony Financial in a report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $56.60.

Hedge Funds Weigh In On Synchrony Financial

A number of hedge funds have recently bought and sold shares of SYF. Headlands Technologies LLC bought a new position in Synchrony Financial during the 1st quarter valued at about $28,000. Altshuler Shaham Ltd bought a new position in Synchrony Financial during the 2nd quarter valued at about $31,000. International Assets Investment Management LLC bought a new position in Synchrony Financial during the 2nd quarter valued at about $33,000. WR Wealth Planners LLC lifted its stake in 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 acquiring an additional 326 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new position in Synchrony Financial during the 2nd quarter valued at about $39,000. Institutional investors own 96.48% of the company's stock.

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.