Synchrony Financial (SYF) To Go Ex-Dividend on November 4th

Synchrony Financial (NYSE:SYF) announced a quarterly dividend on Thursday, October 24th, RTT News reports. Shareholders of record on Monday, November 4th will be paid a dividend of 0.25 per share by the financial services provider on Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 1.81%. The ex-dividend date is Monday, November 4th.

Synchrony Financial has raised its dividend payment by an average of 2.9% annually over the last three years. Synchrony Financial has a dividend payout ratio of 16.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Synchrony Financial to earn $6.34 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 15.8%.

Synchrony Financial Stock Down 0.2 %

Shares of Synchrony Financial stock opened at $55.15 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.23 and a debt-to-equity ratio of 1.06. The business’s 50 day simple moving average is $50.19 and its 200-day simple moving average is $47.00. The stock has a market capitalization of $22.15 billion, a price-to-earnings ratio of 7.91, a PEG ratio of 1.22 and a beta of 1.61. Synchrony Financial has a twelve month low of $27.65 and a twelve month high of $57.26.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.17. The business had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.76 billion. Synchrony Financial had a return on equity of 16.64% and a net margin of 13.98%. The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.48 EPS. Equities research analysts forecast that Synchrony Financial will post 6.19 earnings per share for the current year.

Insider Activity at Synchrony Financial

In related news, insider Brian J. Sr. Wenzel sold 74,698 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $46.73, for a total value of $3,490,637.54. Following the completion of the sale, the insider now directly owns 76,251 shares of the company’s stock, valued at approximately $3,563,209.23. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Brian J. Sr. Wenzel sold 74,698 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $46.73, for a total value of $3,490,637.54. Following the completion of the sale, the insider now directly owns 76,251 shares of the company’s stock, valued at approximately $3,563,209.23. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bart Schaller sold 930 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $50.84, for a total value of $47,281.20. Following the completion of the sale, the insider now directly owns 49,390 shares of the company’s stock, valued at approximately $2,510,987.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on SYF. Bank of America upgraded Synchrony Financial from a “neutral” rating to a “buy” rating and set a $54.00 target price on the stock in a research report on Friday, August 9th. Barclays raised their target price on Synchrony Financial from $49.00 to $59.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. raised their target price on Synchrony Financial from $46.00 to $52.00 and gave the company a “neutral” rating in a research report on Monday, July 8th. StockNews.com upgraded Synchrony Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, October 9th. Finally, Compass Point raised their target price on Synchrony Financial from $56.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $56.25.

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.