Harvest Investment Advisors LLC Acquires Shares of 30,224 Synchrony Financial $SYF

Harvest Investment Advisors LLC acquired a new stake in shares of Synchrony Financial (NYSE:SYF) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 30,224 shares of the financial services provider’s stock, valued at approximately $2,522,000. Synchrony Financial comprises about 1.4% of Harvest Investment Advisors LLC’s portfolio, making the stock its 13th biggest holding.

A number of other large investors have also recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in Synchrony Financial by 1.0% during the 3rd quarter. State Street Corp now owns 19,080,903 shares of the financial services provider’s stock valued at $1,355,698,000 after acquiring an additional 191,920 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Synchrony Financial by 5.4% in the 3rd quarter. Bank of America Corp DE now owns 14,335,213 shares of the financial services provider’s stock worth $1,018,517,000 after buying an additional 739,832 shares during the last quarter. Morgan Stanley lifted its position in shares of Synchrony Financial by 7.6% in the 4th quarter. Morgan Stanley now owns 6,230,111 shares of the financial services provider’s stock worth $519,778,000 after buying an additional 442,226 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Synchrony Financial by 8.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,307,077 shares of the financial services provider’s stock worth $354,194,000 after buying an additional 406,796 shares during the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of Synchrony Financial by 13.0% in the 4th quarter. Nordea Investment Management AB now owns 5,134,903 shares of the financial services provider’s stock worth $431,999,000 after buying an additional 592,567 shares during the last quarter. 96.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SYF shares. JPMorgan Chase & Co. reduced their price target on shares of Synchrony Financial from $84.00 to $73.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Barclays raised their price target on shares of Synchrony Financial from $82.00 to $93.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Synchrony Financial in a research report on Monday, April 20th. BTIG Research downgraded shares of Synchrony Financial from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 22nd. Finally, Loop Capital started coverage on shares of Synchrony Financial in a research report on Friday, May 22nd. They issued a “hold” rating and a $81.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Synchrony Financial currently has an average rating of “Moderate Buy” and a consensus target price of $86.05.

Insiders Place Their Bets

In related news, insider Jonathan S. Mothner sold 51,258 shares of Synchrony Financial stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $71.23, for a total value of $3,651,107.34. Following the sale, the insider directly owned 132,664 shares in the company, valued at $9,449,656.72. This trade represents a 27.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.36% of the stock is currently owned by corporate insiders.

Synchrony Financial Trading Up 0.8%

Shares of NYSE:SYF opened at $75.23 on Wednesday. The company has a market cap of $25.31 billion, a PE ratio of 7.78, a P/E/G ratio of 0.66 and a beta of 1.33. The company’s 50-day moving average price is $73.04 and its 200 day moving average price is $74.58. Synchrony Financial has a fifty-two week low of $60.01 and a fifty-two week high of $88.77. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.08.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.13. The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.81 billion. Synchrony Financial had a net margin of 15.80% and a return on equity of 23.41%. Synchrony Financial’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same period last year, the firm posted $1.89 EPS. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. Sell-side analysts anticipate that Synchrony Financial will post 9.29 earnings per share for the current year.

Synchrony Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Tuesday, May 5th were given a $0.30 dividend. The ex-dividend date was Tuesday, May 5th. This represents a $1.20 annualized dividend and a yield of 1.6%. Synchrony Financial’s dividend payout ratio (DPR) is currently 12.41%.

Synchrony Financial announced that its Board of Directors has authorized a stock buyback plan on Tuesday, April 21st that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

About Synchrony Financial

Synchrony Financial (NYSE: SYF) is a consumer financial services company that specializes in providing point-of-sale financing and private-label, co-branded and branded credit card programs. The company serves as a payments and lending partner to retailers, digital merchants and service providers, offering consumer financing solutions designed to drive customer engagement and sales. Synchrony also operates a direct bank that offers deposit products, including savings accounts and certificates of deposit, which support its funding and customer-facing product suite.

Its core product set includes private-label and co-branded credit cards, general-purpose credit cards, installment loan programs and promotional financing options that are integrated into merchants’ checkout experiences.