Boussard & Gavaudan Investment Management LLP Has $14.28 Million Position in Discover Financial Services (NYSE:DFS)

Boussard & Gavaudan Investment Management LLP cut its stake in Discover Financial Services (NYSE:DFS - Free Report) by 9.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,824 shares of the financial services provider's stock after selling 9,047 shares during the period. Discover Financial Services accounts for approximately 1.2% of Boussard & Gavaudan Investment Management LLP's investment portfolio, making the stock its 29th largest holding. Boussard & Gavaudan Investment Management LLP's holdings in Discover Financial Services were worth $14,282,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Discover Financial Services by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 31,045,208 shares of the financial services provider's stock valued at $5,377,961,000 after acquiring an additional 290,937 shares during the period. State Street Corp increased its holdings in shares of Discover Financial Services by 0.8% during the third quarter. State Street Corp now owns 10,498,044 shares of the financial services provider's stock valued at $1,472,771,000 after purchasing an additional 80,601 shares during the period. FMR LLC raised its stake in shares of Discover Financial Services by 8.0% during the third quarter. FMR LLC now owns 7,493,862 shares of the financial services provider's stock valued at $1,051,314,000 after purchasing an additional 558,227 shares in the last quarter. Norges Bank acquired a new stake in Discover Financial Services in the fourth quarter worth about $724,720,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Discover Financial Services in the 4th quarter valued at about $351,766,000. 86.94% of the stock is currently owned by institutional investors.

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Discover Financial Services Stock Down 0.5 %

NYSE:DFS traded down $0.78 during trading hours on Tuesday, hitting $169.92. 833,197 shares of the stock traded hands, compared to its average volume of 1,514,882. The firm has a 50 day moving average price of $184.07 and a 200 day moving average price of $170.62. The firm has a market cap of $42.75 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 1.51 and a beta of 1.45. Discover Financial Services has a fifty-two week low of $119.31 and a fifty-two week high of $205.76. 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 (NYSE:DFS - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $3.13 by $1.98. Discover Financial Services had a return on equity of 26.18% and a net margin of 17.29%. 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 business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date is Friday, May 23rd. Discover Financial Services's dividend payout ratio (DPR) is presently 17.54%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DFS. Royal Bank of Canada upped their price target on shares of Discover Financial Services from $193.00 to $210.00 and gave the stock a "sector perform" rating in a research note on Friday, January 24th. StockNews.com lowered Discover Financial Services from a "buy" rating to a "hold" rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods boosted their price objective on Discover Financial Services from $170.00 to $232.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. Truist Financial decreased their target price on 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. Finally, Wells Fargo & Company lifted their target price on Discover Financial Services from $185.00 to $214.00 and gave the stock an "equal weight" rating in a report on Friday, January 24th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Discover Financial Services has a consensus rating of "Hold" and an average target price of $192.40.

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.