Atlas Capital Advisors Inc. Raises Stock Holdings in Discover Financial Services (NYSE:DFS)

Atlas Capital Advisors Inc. lifted its stake in shares of Discover Financial Services (NYSE:DFS - Free Report) by 174.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,986 shares of the financial services provider's stock after buying an additional 3,171 shares during the quarter. Atlas Capital Advisors Inc.'s holdings in Discover Financial Services were worth $864,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in Discover Financial Services in the fourth quarter valued at approximately $38,489,000. Nomura Asset Management Co. Ltd. grew its position in Discover Financial Services by 10.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 115,487 shares of the financial services provider's stock valued at $16,202,000 after purchasing an additional 10,946 shares during the period. Brookstone Capital Management bought a new stake in Discover Financial Services during the 4th quarter valued at $282,000. Meyer Handelman Co. bought a new stake in Discover Financial Services during the 4th quarter valued at $239,000. Finally, Mechanics Bank Trust Department acquired a new position in Discover Financial Services during the fourth quarter worth $234,000. Institutional investors and hedge funds own 86.94% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DFS. Wells Fargo & Company boosted their target price on shares of Discover Financial Services from $185.00 to $214.00 and gave the stock an "equal weight" rating in a research report on Friday, January 24th. Barclays increased their price objective on Discover Financial Services from $186.00 to $209.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. StockNews.com downgraded Discover Financial Services from a "buy" rating to a "hold" rating in a report on Wednesday, April 2nd. UBS Group upgraded Discover Financial Services from a "neutral" rating to a "buy" rating and raised their price objective for the company from $150.00 to $239.00 in a research note on Monday, January 13th. Finally, Truist Financial lowered their target price on shares of Discover Financial Services from $262.00 to $219.00 and set a "buy" rating for the company in a report on Friday, March 21st. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Discover Financial Services has a consensus rating of "Hold" and an average price target of $188.40.

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Discover Financial Services Stock Performance

NYSE:DFS traded down $3.15 on Wednesday, reaching $145.06. 350,494 shares of the company's stock were exchanged, compared to its average volume of 1,564,358. The firm has a market cap of $36.50 billion, a price-to-earnings ratio of 9.09, a P/E/G ratio of 1.51 and a beta of 1.20. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.03. The stock has a fifty day simple moving average of $178.26 and a 200-day simple moving average of $171.35. Discover Financial Services has a 52 week low of $119.31 and a 52 week high of $205.76.

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

Discover Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.80 annualized dividend and a yield of 1.93%. Discover Financial Services's dividend payout ratio is currently 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.