The EVP and Chief Executive Officer-Retail Card of Synchrony Financial (NYSE: SYF) is Buying Shares


Today, the EVP and Chief Executive Officer-Retail Card of Synchrony Financial (NYSE: SYF), Thomas Quindlen, bought shares of SYF for $235.1K.

Following Thomas Quindlen’s last SYF Buy transaction on August 01, 2014, the stock climbed by 10.6%. This recent transaction increases Thomas Quindlen’s holding in the company by 5.59% to a total of $5.64 million.

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Based on Synchrony Financial’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $3.6 billion and quarterly net profit of $640 million. In comparison, last year the company earned revenue of $3.32 billion and had a net profit of $499 million. The company has a one-year high of $40.59 and a one-year low of $26.01. SYF’s market cap is $25.04B and the company has a P/E ratio of 12.52.

22 different firms, including Barclays and Bernstein, currently also have a Buy rating on the stock. Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $42.17, reflecting a -23.8% downside.

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Synchrony Financial operates as a holding company, which engages in the provision of consumer financial services. It operates through three sales platforms: Retail Card, Payment Solutions, and CareCredit. The Retail Card platform is a provider of private label credit cards, and also provides Dual Cards and small-and medium-sized business credit products.

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