BI Asset Management Fondsmaeglerselskab A S Acquires Shares of 9,119 Discover Financial Services (NYSE:DFS)

BI Asset Management Fondsmaeglerselskab A S bought 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 Form 13F filing with the SEC. The firm bought 9,119 shares of the financial services provider's stock, valued at approximately $1,580,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. SBI Securities Co. Ltd. bought a new stake in Discover Financial Services in the fourth quarter worth approximately $33,000. Flagship Wealth Advisors LLC bought a new stake in Discover Financial Services in the fourth quarter worth $34,000. Grove Bank & Trust raised its holdings in 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 buying an additional 89 shares in the last quarter. Bfsg LLC acquired a new stake in shares of Discover Financial Services in the fourth quarter worth about $35,000. Finally, Hantz Financial Services Inc. bought a new stake in shares of Discover Financial Services during the 4th quarter worth about $37,000. 86.94% of the stock is currently owned by hedge funds and other institutional investors.

Discover Financial Services Stock Up 4.3 %

Shares of NYSE:DFS opened at $172.47 on Wednesday. The company has a market capitalization of $43.39 billion, a PE ratio of 10.81, 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 quick ratio of 1.03 and a current ratio of 1.09. The company's fifty day moving average is $170.61 and its 200-day moving average is $172.98. Discover Financial Services has a 52 week low of $119.95 and a 52 week high of $205.76.

Discover Financial Services (NYSE:DFS - Get Free Report) last issued 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 net margin of 17.29% and a return on equity of 26.18%. Equities research analysts predict that Discover Financial Services will post 13.88 earnings per share for the current fiscal year.

Discover Financial Services Dividend Announcement

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 issued 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 1.62%. Discover Financial Services's dividend payout ratio is 17.54%.

Wall Street Analyst Weigh In

DFS has been the subject of a number of research analyst reports. Truist Financial cut 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 report on Friday, March 21st. Barclays raised their price objective on shares of Discover Financial Services from $186.00 to $209.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. 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 research note on Friday, January 24th. StockNews.com lowered shares of Discover Financial Services from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Finally, Royal Bank of Canada upped their price target on Discover Financial Services from $193.00 to $210.00 and gave the company a "sector perform" rating in a report on Friday, January 24th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Discover Financial Services currently has an average rating of "Hold" and a consensus target price of $188.40.

About Discover Financial Services

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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