Boston Partners Has $837.57 Million Position in Discover Financial Services (NYSE:DFS)

Boston Partners decreased its holdings in Discover Financial Services (NYSE:DFS - Free Report) by 2.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,809,635 shares of the financial services provider's stock after selling 141,271 shares during the quarter. Discover Financial Services accounts for about 1.0% of Boston Partners' holdings, making the stock its 15th largest holding. Boston Partners owned 1.91% of Discover Financial Services worth $837,565,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. SBI Securities Co. Ltd. purchased a new position in shares of Discover Financial Services during the fourth quarter worth $33,000. Flagship Wealth Advisors LLC purchased a new stake in Discover Financial Services during the 4th quarter worth about $34,000. Bfsg LLC purchased a new stake in shares of Discover Financial Services in the 4th quarter valued at about $35,000. Grove Bank & Trust lifted its holdings 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 valued at $35,000 after purchasing an additional 89 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Discover Financial Services in the 3rd quarter valued at about $30,000. Institutional investors and hedge funds own 86.94% of the company's stock.

Discover Financial Services Stock Up 0.3 %

Shares of DFS stock traded up $0.43 during trading hours on Friday, hitting $164.90. 1,942,331 shares of the company were exchanged, compared to its average volume of 1,408,346. The business has a 50 day moving average of $186.18 and a two-hundred day moving average of $168.64. 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 52 week low of $119.31 and a 52 week high of $205.76. The company has a market capitalization of $41.49 billion, a PE ratio of 10.33, a PEG ratio of 1.51 and a beta of 1.45.

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Discover Financial Services (NYSE:DFS - Get Free Report) last announced its quarterly 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 net margin of 17.29% and a return on equity of 26.18%. Analysts anticipate that Discover Financial Services will post 13.88 earnings per share for the current fiscal 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. This represents a $2.80 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Friday, May 23rd. Discover Financial Services's dividend payout ratio is 17.54%.

Analyst Ratings Changes

DFS has been the topic of a number of research reports. UBS Group upgraded Discover Financial Services from a "neutral" rating to a "buy" rating and upped their price target for the stock from $150.00 to $239.00 in a report on Monday, January 13th. StockNews.com lowered Discover Financial Services from a "buy" rating to a "hold" rating in a research note on Friday, January 24th. Wells Fargo & Company increased their price target on Discover Financial Services from $185.00 to $214.00 and gave the company an "equal weight" rating in a report on Friday, January 24th. Barclays raised their target price on Discover Financial Services from $186.00 to $209.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Finally, Royal Bank of Canada raised their target price on Discover Financial Services from $193.00 to $210.00 and gave the company a "sector perform" rating in a research note on Friday, January 24th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $192.40.

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.