Aware Super Pty Ltd as trustee of Aware Super Buys Shares of 75,439 Discover Financial Services (NYSE:DFS)

Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in shares of Discover Financial Services (NYSE:DFS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 75,439 shares of the financial services provider's stock, valued at approximately $13,068,000.

Other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in Discover Financial Services during the 4th quarter worth $33,000. Flagship Wealth Advisors LLC bought a new position in shares of Discover Financial Services during the 4th quarter valued at about $34,000. Grove Bank & Trust increased its stake in Discover Financial Services by 78.1% during the 4th quarter. Grove Bank & Trust now owns 203 shares of the financial services provider's stock worth $35,000 after purchasing an additional 89 shares in the last quarter. Bfsg LLC acquired a new stake in Discover Financial Services during the 4th quarter worth approximately $35,000. Finally, Hantz Financial Services Inc. acquired a new stake in shares of Discover Financial Services during the fourth quarter worth $37,000. Institutional investors own 86.94% of the company's stock.

Discover Financial Services Stock Performance

Discover Financial Services stock traded up $3.60 during trading hours on Friday, hitting $159.91. The company had a trading volume of 1,106,264 shares, compared to its average volume of 1,574,445. Discover Financial Services has a one year low of $119.95 and a one year high of $205.76. The firm has a 50-day moving average of $171.42 and a 200 day moving average of $172.34. 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 firm has a market cap of $40.23 billion, a PE ratio of 10.02, a PEG ratio of 1.51 and a beta of 1.20.

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

Discover Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be given a $0.70 dividend. 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 1.75%. Discover Financial Services's payout ratio is 17.54%.

Wall Street Analyst Weigh In

DFS has been the topic of several recent research reports. Truist Financial dropped their price target on Discover Financial Services from $262.00 to $219.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. UBS Group raised shares of Discover Financial Services from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $150.00 to $239.00 in a research report on Monday, January 13th. JPMorgan Chase & Co. decreased their target price on shares of Discover Financial Services from $169.00 to $129.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Royal Bank of Canada increased 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 research note on Friday, January 24th. Finally, Wells Fargo & Company upped their target price on Discover Financial Services from $185.00 to $214.00 and gave the stock an "equal weight" rating in a report on Friday, January 24th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Discover Financial Services presently has a consensus rating of "Hold" and an average price target of $188.40.

Discover Financial Services 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.