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Juel Carol, Executive Vice President and Chief Technology and Operating Officer at Synchrony Financial (NYSE:SYF), recently reported a significant sale of company stock. According to a filing with the Securities and Exchange Commission, Carol sold shares valued at approximately $5.41 million on March 3. The shares were sold at prices ranging from $57.43 to $61.13. The transaction comes as Synchrony Financial, currently valued at $22.6 billion, maintains a strong "GREAT" financial health score according to InvestingPro analysis.
The transactions were part of a series of stock activities, including acquisitions and exercises. On March 1, Carol acquired 24,102 shares at $60.68 per share. Additionally, on March 3, Carol exercised options to acquire 16,613 and 18,145 shares at prices of $34.30 and $33.53, respectively. The stock, trading at an attractive P/E ratio of 6.58, has shown significant volatility recently, with a beta of 1.67.
Following these transactions, Carol’s direct ownership of Synchrony Financial shares stands at 57,750. These activities were conducted under a pre-established Rule 10b5-1 trading plan, ensuring compliance with regulatory requirements. According to InvestingPro data, the stock currently appears undervalued based on its Fair Value analysis, with 13 additional key insights available to subscribers.
In other recent news, Synchrony Financial reported its fourth-quarter earnings for 2024, revealing an earnings per share (EPS) of $1.91, which slightly exceeded analyst predictions of $1.89. However, the company’s revenue of $3.8 billion fell short of the expected $3.84 billion. Synchrony Financial’s credit quality metrics showed positive signs, with delinquency rates stable at 4.70% and net charge-offs decreasing to 6.20%. Goldman Sachs maintained a Buy rating for Synchrony Financial, citing improvements in credit quality metrics despite a slight underperformance in loan growth. Additionally, Synchrony Financial announced the addition of 5 million new accounts in the fourth quarter and introduced new products such as Synchrony Pay Later. The company has committed to providing monthly updates on its charge-off and delinquency statistics to ensure transparency with investors. These recent developments reflect Synchrony Financial’s strategic initiatives and efforts to maintain a robust financial performance amid economic challenges.
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