Harvest Fund Management Co. Ltd Has $862,000 Position in Synchrony Financial (NYSE:SYF)

Harvest Fund Management Co. Ltd increased its holdings in shares of Synchrony Financial (NYSE:SYF) by 61.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,262 shares of the financial services provider’s stock after acquiring an additional 5,055 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Synchrony Financial were worth $862,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Bogart Wealth LLC acquired a new stake in shares of Synchrony Financial during the 4th quarter valued at about $26,000. TCTC Holdings LLC acquired a new stake in shares of Synchrony Financial during the 4th quarter valued at about $27,000. Y.D. More Investments Ltd boosted its position in shares of Synchrony Financial by 111.5% during the 4th quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 253 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of Synchrony Financial by 92.7% during the 3rd quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 292 shares in the last quarter. Finally, Raleigh Capital Management Inc. boosted its position in Synchrony Financial by 151.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider’s stock valued at $52,000 after buying an additional 486 shares in the last quarter. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Synchrony Financial Trading Down 1.2 %

SYF opened at $53.85 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market cap of $20.93 billion, a price-to-earnings ratio of 6.31, a price-to-earnings-growth ratio of 0.71 and a beta of 1.67. The firm has a 50 day simple moving average of $62.61 and a 200 day simple moving average of $60.17. Synchrony Financial has a fifty-two week low of $39.67 and a fifty-two week high of $70.93.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.02. Synchrony Financial had a net margin of 15.36% and a return on equity of 18.30%. On average, sell-side analysts anticipate that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend was Monday, February 3rd. Synchrony Financial’s payout ratio is presently 11.71%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wells Fargo & Company upgraded shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $60.00 to $85.00 in a research report on Tuesday, December 3rd. Bank of America boosted their price target on shares of Synchrony Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods boosted their price target on shares of Synchrony Financial from $62.00 to $82.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. UBS Group boosted their price target on shares of Synchrony Financial from $58.00 to $66.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. Finally, The Goldman Sachs Group reduced their price target on shares of Synchrony Financial from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday. Six analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.70.

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.