Synchrony Financial (NYSE:SYF) Insider Darrell Owens Sells 2,989 Shares of Stock

Synchrony Financial (NYSE:SYF) insider Darrell Owens sold 2,989 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $74.02, for a total transaction of $221,245.78. Following the sale, the insider owned 16,096 shares of the company’s stock, valued at approximately $1,191,425.92. This trade represents a 15.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Synchrony Financial Trading Up 1.4%

SYF opened at $74.34 on Thursday. Synchrony Financial has a twelve month low of $40.54 and a twelve month high of $77.41. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.91. The company has a fifty day moving average of $73.75 and a 200-day moving average of $67.34. The stock has a market cap of $26.78 billion, a PE ratio of 8.12, a price-to-earnings-growth ratio of 0.73 and a beta of 1.51.

Synchrony Financial (NYSE:SYF) last issued its earnings results on Wednesday, October 15th. The financial services provider reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.64. The business had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.79 billion. Synchrony Financial had a net margin of 15.84% and a return on equity of 22.96%. Synchrony Financial’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.94 earnings per share. Synchrony Financial has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Wednesday, November 5th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, November 5th. This represents a $1.20 annualized dividend and a yield of 1.6%. Synchrony Financial’s dividend payout ratio is currently 13.10%.

Synchrony Financial declared that its Board of Directors has initiated a stock buyback program on Wednesday, October 15th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to purchase up to 3.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Rothschild & Co Redburn assumed coverage on shares of Synchrony Financial in a research note on Friday, August 1st. They set a “neutral” rating and a $72.00 target price on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Synchrony Financial from $82.00 to $86.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Evercore ISI raised their price objective on shares of Synchrony Financial from $83.00 to $84.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. Truist Financial dropped their price objective on shares of Synchrony Financial from $82.00 to $78.00 and set a “hold” rating on the stock in a research note on Friday, October 17th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Synchrony Financial in a research note on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $81.38.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SYF. Westside Investment Management Inc. lifted its position in shares of Synchrony Financial by 100.0% during the third quarter. Westside Investment Management Inc. now owns 358 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 179 shares in the last quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna bought a new position in shares of Synchrony Financial during the second quarter valued at about $26,000. Salomon & Ludwin LLC lifted its position in shares of Synchrony Financial by 54.9% during the third quarter. Salomon & Ludwin LLC now owns 412 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 146 shares in the last quarter. Zions Bancorporation National Association UT bought a new stake in Synchrony Financial in the first quarter worth about $30,000. Finally, True Wealth Design LLC raised its position in Synchrony Financial by 5,787.5% in the second quarter. True Wealth Design LLC now owns 471 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 463 shares during the period. 96.48% of the stock is owned by institutional investors.

Synchrony Financial Company Profile

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.