Baldwin Wealth Partners LLC MA Cuts Stock Holdings in Discover Financial Services (NYSE:DFS)

Baldwin Wealth Partners LLC MA lessened its holdings in shares of Discover Financial Services (NYSE:DFS - Free Report) by 60.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,237 shares of the financial services provider's stock after selling 1,901 shares during the period. Baldwin Wealth Partners LLC MA's holdings in Discover Financial Services were worth $214,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. DiNuzzo Private Wealth Inc. boosted its position in shares of Discover Financial Services by 506.5% during the third quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 157 shares in the last quarter. Grove Bank & Trust increased its stake in shares of Discover Financial Services by 78.1% in the 4th quarter. Grove Bank & Trust now owns 203 shares of the financial services provider's stock worth $35,000 after acquiring an additional 89 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Discover Financial Services during the 3rd quarter valued at about $30,000. Decker Retirement Planning Inc. bought a new stake in Discover Financial Services during the fourth quarter worth about $47,000. Finally, Pinnacle Bancorp Inc. grew its holdings in Discover Financial Services by 37.1% in the third quarter. Pinnacle Bancorp Inc. now owns 292 shares of the financial services provider's stock worth $41,000 after purchasing an additional 79 shares during the period. Hedge funds and other institutional investors own 86.94% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Barclays boosted their price target on Discover Financial Services from $186.00 to $209.00 and gave the stock an "overweight" rating in a research report on Friday. Truist Financial increased their target price on Discover Financial Services from $233.00 to $262.00 and gave the stock a "buy" rating in a research note on Monday. Keefe, Bruyette & Woods lifted their price target on Discover Financial Services from $170.00 to $232.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. JPMorgan Chase & Co. increased their price objective on shares of Discover Financial Services from $146.00 to $169.00 and gave the company a "neutral" rating in a research report on Friday. Finally, Evercore ISI upped their target price on shares of Discover Financial Services from $156.00 to $163.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $182.64.

Discover Financial Services Price Performance

Shares of Discover Financial Services stock traded down $0.49 during trading hours on Tuesday, hitting $199.84. The company's stock had a trading volume of 1,721,568 shares, compared to its average volume of 1,589,678. The company has a market cap of $50.22 billion, a PE ratio of 12.52, a PEG ratio of 1.15 and a beta of 1.46. The business has a 50 day moving average price of $179.36 and a two-hundred day moving average price of $155.35. Discover Financial Services has a 12-month low of $104.08 and a 12-month high of $204.93. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.10.

Discover Financial Services (NYSE:DFS - Get Free Report) last released its earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 EPS for the quarter, beating analysts' consensus estimates of $3.13 by $1.98. Discover Financial Services had a return on equity of 27.52% and a net margin of 17.29%. Analysts expect that Discover Financial Services will post 12.82 earnings per share for the current fiscal year.

Discover Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.40%. The ex-dividend date is Friday, May 23rd. 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.