B. Metzler seel. Sohn & Co. AG lessened its holdings in Discover Financial Services (NYSE:DFS - Free Report) by 9.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,074 shares of the financial services provider's stock after selling 2,645 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Discover Financial Services were worth $4,169,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of DFS. SBI Securities Co. Ltd. purchased a new stake in Discover Financial Services in the 4th quarter valued at approximately $33,000. Flagship Wealth Advisors LLC acquired a new position in shares of Discover Financial Services in the fourth quarter worth $34,000. Bfsg LLC purchased a new stake in shares of Discover Financial Services in the fourth quarter valued at $35,000. Grove Bank & Trust boosted its stake in shares of Discover Financial Services by 78.1% during the fourth quarter. Grove Bank & Trust now owns 203 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 89 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Discover Financial Services during the 3rd quarter worth about $30,000. 86.94% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms have issued reports on DFS. Wells Fargo & Company upped their target price on shares of Discover Financial Services from $185.00 to $214.00 and gave the company an "equal weight" rating in a report on Friday, January 24th. Keefe, Bruyette & Woods upped their price objective on shares of Discover Financial Services from $170.00 to $232.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. 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 research note on Friday, March 21st. Barclays increased their price target 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. Finally, StockNews.com downgraded Discover Financial Services from a "buy" rating to a "hold" rating in a research report on Wednesday. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $192.40.
Check Out Our Latest Analysis on DFS
Discover Financial Services Trading Down 8.4 %
Shares of Discover Financial Services stock traded down $14.79 during trading hours on Thursday, reaching $161.15. The stock had a trading volume of 6,114,280 shares, compared to its average volume of 1,542,196. 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 1 year low of $119.31 and a 1 year high of $205.76. The firm has a market capitalization of $40.55 billion, a price-to-earnings ratio of 10.10, a P/E/G ratio of 1.51 and a beta of 1.45. The firm has a 50 day simple moving average of $183.24 and a two-hundred day simple moving average of $170.92.
Discover Financial Services (NYSE:DFS - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 EPS for the quarter, beating the consensus estimate 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, equities research analysts anticipate that Discover Financial Services will post 13.88 earnings per share for the current year.
Discover Financial Services Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be given a dividend of $0.70 per share. The ex-dividend date is Friday, May 23rd. This represents a $2.80 dividend on an annualized basis and a yield of 1.74%. Discover Financial Services's dividend payout ratio (DPR) is 17.54%.
Discover Financial Services Profile
(
Free Report)
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.
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