Uncovering Institutional Buying In Synchrony Financial (NYSE: SYF)

Currently, there are 438.22M common shares owned by the public and among those 410.65M shares have been available to trade.

Insiders at the company have transacted a total of 152 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 115 of these insider trades were purchases, accounting for 494,960 shares. Insider sales of the common stock occurred on 37 occasions, with total insider shares sold totaling 418,752 shares.

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However, the script later moved the day high at 38.90, up 0.08%. The company’s stock has a 5-day price change of -2.29% and 28.66% over the past three months. SYF shares are trading 1.57% year to date (YTD), with the 12-month market performance up to 4.70% higher. It has a 12-month low price of $26.59 and touched a high of $39.88 over the same period. SYF has an average intraday trading volume of 4.42 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.85%, 6.10%, and 18.58% respectively.

Institutional ownership of Synchrony Financial (NYSE: SYF) shares accounts for 96.71% of the company’s 438.22M shares outstanding.

It has a market capitalization of $16.05B and a beta (3y monthly) value of 1.61. The stock’s trailing 12-month PE ratio is 7.17, while the earnings-per-share (ttm) stands at $5.41. The company has a debt-to-equity ratio at 1.11. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.47% over the week and 2.52% over the month.

Earnings per share for the fiscal year are expected to increase by 9.80%, and 12.13% over the next financial year. EPS should shrink at an annualized rate of -3.62% over the next five years, compared to 20.52% over the past 5-year period.

Looking at the support for the SYF, a number of firms have released research notes about the stock. Deutsche Bank stated their Buy rating for the stock in a research note on January 10, 2024, with the firm’s price target at $56.

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