AlphaQuest LLC Has $271,000 Holdings in Discover Financial Services (NYSE:DFS)

AlphaQuest LLC lessened its stake in shares of Discover Financial Services (NYSE:DFS - Free Report) by 76.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,567 shares of the financial services provider's stock after selling 5,225 shares during the period. AlphaQuest LLC's holdings in Discover Financial Services were worth $271,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in Discover Financial Services in the 3rd quarter valued at $30,000. SBI Securities Co. Ltd. acquired a new stake in shares of Discover Financial Services in the fourth quarter valued at about $33,000. Grove Bank & Trust increased its stake in shares of Discover Financial Services by 78.1% in the fourth quarter. Grove Bank & Trust now owns 203 shares of the financial services provider's stock worth $35,000 after purchasing an additional 89 shares during the period. Bfsg LLC acquired a new position in shares of Discover Financial Services during the 4th quarter worth about $35,000. Finally, Hantz Financial Services Inc. bought a new stake in Discover Financial Services during the 4th quarter valued at approximately $37,000. Institutional investors own 86.94% of the company's stock.

Analyst Ratings Changes

DFS has been the topic of several recent analyst reports. StockNews.com downgraded Discover Financial Services from a "buy" rating to a "hold" rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods boosted their target price on shares of Discover Financial Services from $170.00 to $232.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Truist Financial increased their price target on shares of Discover Financial Services from $233.00 to $262.00 and gave the company a "buy" rating in a report on Monday, January 27th. Royal Bank of Canada boosted their price objective on shares of Discover Financial Services from $193.00 to $210.00 and gave the stock a "sector perform" rating in a report on Friday, January 24th. Finally, Barclays upped their price objective on shares of Discover Financial Services from $186.00 to $209.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Discover Financial Services currently has a consensus rating of "Hold" and a consensus price target of $191.91.

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Discover Financial Services Price Performance

NYSE:DFS traded up $3.22 during mid-day trading on Wednesday, hitting $162.05. The company's stock had a trading volume of 2,016,920 shares, compared to its average volume of 1,992,734. The company has a market capitalization of $40.77 billion, a price-to-earnings ratio of 10.15, a P/E/G ratio of 1.51 and a beta of 1.45. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. Discover Financial Services has a fifty-two week low of $119.31 and a fifty-two week high of $205.76. The stock has a fifty day moving average of $186.78 and a 200-day moving average of $168.54.

Discover Financial Services (NYSE:DFS - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.13 by $1.98. Discover Financial Services had a return on equity of 26.18% and a net margin of 17.29%. As a group, equities analysts forecast that Discover Financial Services will post 13.88 EPS for the current fiscal year.

Discover Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.73%. Discover Financial Services's payout ratio is presently 17.54%.

Discover Financial Services Company Profile

Discover Financial Services, through its subsidiaries, provides digital banking products and services, and payment services in the United States. It operates in two segments, Digital Banking and Payment Services. The Digital Banking segment offers Discover-branded credit cards to individuals; personal loans, home loans, and other consumer lending; and direct-to-consumer deposit products comprising savings accounts, certificates of deposit, money market accounts, IRA certificates of deposit, IRA savings accounts and checking accounts, and sweep accounts.