Banque Cantonale Vaudoise lifted its position in Discover Financial Services (NYSE:DFS - Free Report) by 127.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,067 shares of the financial services provider's stock after buying an additional 4,522 shares during the period. Banque Cantonale Vaudoise's holdings in Discover Financial Services were worth $1,132,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. raised its holdings in shares of Discover Financial Services by 3.8% in the 1st quarter. Bessemer Group Inc. now owns 13,349 shares of the financial services provider's stock worth $1,750,000 after purchasing an additional 491 shares in the last quarter. InterOcean Capital Group LLC bought a new position in shares of Discover Financial Services in the first quarter valued at $205,000. Delap Wealth Advisory LLC bought a new position in shares of Discover Financial Services in the first quarter valued at $205,000. EP Wealth Advisors LLC boosted its stake in shares of Discover Financial Services by 13.3% during the 1st quarter. EP Wealth Advisors LLC now owns 5,321 shares of the financial services provider's stock worth $698,000 after acquiring an additional 626 shares in the last quarter. Finally, Axxcess Wealth Management LLC grew its holdings in shares of Discover Financial Services by 135.1% in the 1st quarter. Axxcess Wealth Management LLC now owns 7,793 shares of the financial services provider's stock worth $1,022,000 after acquiring an additional 4,478 shares during the last quarter. Institutional investors own 86.94% of the company's stock.
Discover Financial Services Price Performance
NYSE:DFS opened at $172.80 on Thursday. The firm has a market cap of $43.38 billion, a PE ratio of 13.95, a price-to-earnings-growth ratio of 1.10 and a beta of 1.41. The company's 50-day moving average price is $150.42 and its two-hundred day moving average price is $136.99. The company has a quick ratio of 1.04, a current ratio of 1.08 and a debt-to-equity ratio of 1.28. Discover Financial Services has a 12 month low of $85.19 and a 12 month high of $188.26.
Discover Financial Services (NYSE:DFS - Get Free Report) last issued its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.28 by $0.41. Discover Financial Services had a return on equity of 21.38% and a net margin of 13.78%. The firm had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the previous year, the company posted $2.59 EPS. On average, equities analysts anticipate that Discover Financial Services will post 13.34 EPS for the current fiscal year.
Discover Financial Services Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Thursday, November 21st. Discover Financial Services's dividend payout ratio is presently 22.60%.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on DFS shares. Evercore ISI upped their target price on Discover Financial Services from $156.00 to $163.00 and gave the company an "in-line" rating in a report on Wednesday, October 30th. Royal Bank of Canada lifted their target price on shares of Discover Financial Services from $148.00 to $161.00 and gave the stock a "sector perform" rating in a research report on Friday, October 18th. StockNews.com downgraded shares of Discover Financial Services from a "buy" rating to a "hold" rating in a research report on Monday, November 4th. Finally, Wells Fargo & Company lifted their price objective on shares of Discover Financial Services from $152.00 to $160.00 and gave the stock an "equal weight" rating in a research report on Friday, October 18th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $138.81.
Check Out Our Latest Report on Discover Financial Services
About Discover Financial Services
(
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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