Shares of Synchrony Financial (NYSE:SYF) traded down 6.7% during trading on Thursday . The company traded as low as $34.97 and last traded at $34.98. 9,243,687 shares traded hands during mid-day trading, an increase of 19% from the average session volume of 7,764,737 shares. The stock had previously closed at $37.50.

A number of analysts have commented on the company. Wedbush set a $41.00 price target on Synchrony Financial and gave the stock a “hold” rating in a research report on Monday, December 11th. Barclays set a $40.00 price target on Synchrony Financial and gave the stock a “buy” rating in a research report on Monday, October 23rd. JMP Securities upped their price target on Synchrony Financial from $35.00 to $37.00 and gave the stock a “market outperform” rating in a research report on Monday, October 23rd. Zacks Investment Research upgraded Synchrony Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, October 23rd. Finally, Wells Fargo & Co increased their target price on Synchrony Financial from $33.00 to $35.00 and gave the stock a “market perform” rating in a research report on Monday, October 23rd. Nine research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $38.30.

The company has a quick ratio of 1.47, a current ratio of 1.45 and a debt-to-equity ratio of 1.46. The company has a market cap of $27,450.00, a PE ratio of 14.48, a PEG ratio of 1.35 and a beta of 1.01.

Synchrony Financial (NYSE:SYF) last released its earnings results on Friday, January 19th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.07. The firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Synchrony Financial had a return on equity of 14.62% and a net margin of 11.75%. During the same quarter last year, the business posted $0.70 earnings per share. research analysts anticipate that Synchrony Financial will post 3.38 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Monday, February 5th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Friday, February 2nd. Synchrony Financial’s dividend payout ratio is presently 24.79%.

In other news, Director Laurel Richie purchased 1,000 shares of the business’s stock in a transaction on Monday, November 20th. The stock was acquired at an average price of $34.20 per share, for a total transaction of $34,200.00. Following the acquisition, the director now directly owns 8,608 shares of the company’s stock, valued at approximately $294,393.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David P. Melito sold 2,000 shares of the firm’s stock in a transaction that occurred 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 owns 39,259 shares of the company’s stock, valued at approximately $1,570,360. The disclosure for this sale can be found here. Insiders have sold a total of 6,461 shares of company stock valued at $241,778 in the last 90 days. 0.03% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SYF. HighTower Advisors LLC grew its holdings in Synchrony Financial by 43.4% during the 2nd quarter. HighTower Advisors LLC now owns 21,274 shares of the financial services provider’s stock valued at $635,000 after buying an additional 6,439 shares in the last quarter. Macquarie Group Ltd. lifted its stake in shares of Synchrony Financial by 10.2% in the 2nd quarter. Macquarie Group Ltd. now owns 183,246 shares of the financial services provider’s stock valued at $5,464,000 after purchasing an additional 16,994 shares during the last quarter. Shelton Capital Management bought a new stake in shares of Synchrony Financial in the 2nd quarter valued at approximately $201,000. BW Gestao de Investimentos Ltda. bought a new stake in shares of Synchrony Financial in the 2nd quarter valued at approximately $256,000. Finally, Afam Capital Inc. lifted its stake in shares of Synchrony Financial by 9.7% in the 2nd quarter. Afam Capital Inc. now owns 49,313 shares of the financial services provider’s stock valued at $1,471,000 after purchasing an additional 4,378 shares during the last quarter. Institutional investors and hedge funds own 86.78% of the company’s stock.

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About Synchrony Financial

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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