Synchrony Financial Plans Quarterly Dividend of $0.25 (NYSE:SYF)

Synchrony Financial (NYSE:SYF) announced a quarterly dividend on Tuesday, January 21st,RTT News reports. Stockholders of record on Monday, February 3rd will be paid a dividend of 0.25 per share by the financial services provider on Tuesday, February 18th. This represents a $1.00 annualized dividend and a dividend yield of 1.44%.

Synchrony Financial has raised its dividend payment by an average of 4.4% annually over the last three years. Synchrony Financial has a dividend payout ratio of 12.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Synchrony Financial to earn $6.64 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 15.1%.

Synchrony Financial Trading Up 1.0 %

Shares of SYF stock opened at $69.47 on Wednesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market capitalization of $27.05 billion, a price-to-earnings ratio of 9.07, a PEG ratio of 0.81 and a beta of 1.64. Synchrony Financial has a 52-week low of $36.85 and a 52-week high of $69.89. The company has a 50-day simple moving average of $66.34 and a two-hundred day simple moving average of $56.24.

Insider Activity

In other news, insider Curtis Howse sold 21,934 shares of the stock in a transaction dated Friday, November 1st. The shares were 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 directly owns 99,743 shares in the company, valued at approximately $5,498,831.59. This represents a 18.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jonathan S. Mothner sold 34,163 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $64.99, for a total value of $2,220,253.37. Following the transaction, the insider now owns 127,587 shares in the company, valued at approximately $8,291,879.13. This represents a 21.12 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SYF. Evercore ISI upped their target price on Synchrony Financial from $58.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. upgraded Synchrony Financial from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $59.00 to $72.00 in a research note on Monday, December 9th. Compass Point increased their price target on shares of Synchrony Financial from $60.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Truist Financial started coverage on shares of Synchrony Financial in a research note on Tuesday, January 7th. They issued a “hold” rating and a $72.00 target price on the stock. Finally, Jefferies Financial Group raised their target price on Synchrony Financial from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Seven investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $65.45.

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.