Callan Family Office LLC purchased a new stake in Discover Financial Services (NYSE:DFS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 16,566 shares of the financial services provider's stock, valued at approximately $2,870,000.
Several other large investors have also modified their holdings of the business. Raymond James Financial Inc. bought a new stake in shares of Discover Financial Services in the 4th quarter valued at about $38,489,000. Arizona State Retirement System raised its holdings in shares of Discover Financial Services by 1.6% in the 4th quarter. Arizona State Retirement System now owns 72,924 shares of the financial services provider's stock valued at $12,633,000 after purchasing an additional 1,128 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Discover Financial Services during the 4th quarter worth approximately $209,000. Atria Investments Inc raised its stake in shares of Discover Financial Services by 10.9% during the 4th quarter. Atria Investments Inc now owns 14,177 shares of the financial services provider's stock worth $2,456,000 after acquiring an additional 1,394 shares in the last quarter. Finally, Assetmark Inc. raised its stake in shares of Discover Financial Services by 17.3% during the 4th quarter. Assetmark Inc. now owns 677 shares of the financial services provider's stock worth $117,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 86.94% of the company's stock.
Discover Financial Services Stock Performance
Shares of DFS stock traded down $5.29 during trading hours on Friday, hitting $167.38. The company's stock had a trading volume of 5,501,037 shares, compared to its average volume of 1,355,878. The company has a 50 day moving average of $189.03 and a 200 day moving average of $167.10. The stock has a market cap of $42.11 billion, a PE ratio of 10.49, a price-to-earnings-growth ratio of 1.51 and a beta of 1.45. 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 12-month low of $119.31 and a 12-month high of $205.76.
Discover Financial Services (NYSE:DFS - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $5.11 EPS for the quarter, beating 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%. On average, sell-side analysts forecast that Discover Financial Services will post 13.88 EPS for the current fiscal year.
Discover Financial Services Dividend Announcement
The company 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. This represents a $2.80 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Friday, May 23rd. Discover Financial Services's dividend payout ratio (DPR) is presently 17.54%.
Wall Street Analyst Weigh In
Several research analysts recently commented on DFS shares. JPMorgan Chase & Co. boosted their price objective on shares of Discover Financial Services from $146.00 to $169.00 and gave the stock a "neutral" rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods boosted their price objective on shares of Discover Financial Services from $170.00 to $232.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. Wells Fargo & Company boosted their price objective on shares of Discover Financial Services from $185.00 to $214.00 and gave the stock 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 note on Friday, January 24th. Finally, Royal Bank of Canada boosted their target price on shares of Discover Financial Services from $193.00 to $210.00 and gave the stock a "sector perform" rating in a research report on Friday, January 24th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Discover Financial Services presently has a consensus rating of "Hold" and a consensus target price of $191.91.
Read Our Latest Analysis on DFS
Discover Financial Services Profile
(
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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