Traders sold shares of Synchrony Financial (NYSE:SYF) on strength during trading hours on Monday. $29.03 million flowed into the stock on the tick-up and $38.07 million flowed out of the stock on the tick-down, for a money net flow of $9.04 million out of the stock. Of all stocks tracked, Synchrony Financial had the 20th highest net out-flow for the day. Synchrony Financial traded up $0.06 for the day and closed at $35.26
Several analysts recently commented on SYF shares. Barclays set a $53.00 price target on Synchrony Financial and gave the company a “buy” rating in a research note on Tuesday, December 12th. Zacks Investment Research lowered Synchrony Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Jefferies Group boosted their price target on Synchrony Financial to $44.00 and gave the company a “top pick” rating in a research note on Friday, December 1st. Wells Fargo raised Synchrony Financial from a “market perform” rating to an “outperform” rating and set a $35.00 price target on the stock in a research note on Tuesday, January 9th. Finally, Bank of America raised Synchrony Financial from a “neutral” rating to a “buy” rating in a research note on Monday, December 18th. Ten research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $38.32.
The company has a debt-to-equity ratio of 1.46, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a market capitalization of $26,759.64, a P/E ratio of 14.63, a P/E/G ratio of 1.36 and a beta of 1.07.
In other news, insider Margaret M. Keane sold 13,138 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $36.70, for a total transaction of $482,164.60. Following the transaction, the insider now owns 440,169 shares of the company’s stock, valued at $16,154,202.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David P. Melito sold 2,000 shares of the company’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $40.00, for a total value of $80,000.00. Following the transaction, the insider now directly owns 39,259 shares in the company, valued at approximately $1,570,360. The disclosure for this sale can be found here. Insiders have sold 25,850 shares of company stock worth $955,616 in the last ninety days. 0.03% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Patten Group Inc. lifted its stake in shares of Synchrony Financial by 3,019.4% during the third quarter. Patten Group Inc. now owns 106,713 shares of the financial services provider’s stock valued at $106,000 after acquiring an additional 103,292 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in shares of Synchrony Financial during the third quarter valued at $192,000. Flossbach Von Storch AG acquired a new position in shares of Synchrony Financial during the fourth quarter valued at $202,000. TRUE Private Wealth Advisors acquired a new position in shares of Synchrony Financial during the fourth quarter valued at $204,000. Finally, Trustmark National Bank Trust Department acquired a new position in shares of Synchrony Financial during the third quarter valued at $210,000. 88.63% of the stock is currently owned by institutional investors and hedge funds.
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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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