Discover Financial Services (NYSE:DFS) Shares Sold by Choreo LLC

Choreo LLC reduced its holdings in shares of Discover Financial Services (NYSE:DFS - Free Report) by 17.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,068 shares of the financial services provider's stock after selling 1,752 shares during the quarter. Choreo LLC's holdings in Discover Financial Services were worth $1,393,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp raised its position in shares of Discover Financial Services by 0.8% during the 3rd quarter. State Street Corp now owns 10,498,044 shares of the financial services provider's stock valued at $1,472,771,000 after buying an additional 80,601 shares in the last quarter. FMR LLC grew its holdings in Discover Financial Services by 8.0% in the 3rd quarter. FMR LLC now owns 7,493,862 shares of the financial services provider's stock worth $1,051,314,000 after acquiring an additional 558,227 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Discover Financial Services by 0.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,834,705 shares of the financial services provider's stock valued at $257,391,000 after purchasing an additional 12,255 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Discover Financial Services by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,728,276 shares of the financial services provider's stock valued at $242,460,000 after purchasing an additional 7,751 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Discover Financial Services by 0.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,063,980 shares of the financial services provider's stock valued at $149,266,000 after purchasing an additional 4,594 shares in the last quarter. 86.94% of the stock is currently owned by hedge funds and other institutional investors.

Discover Financial Services Price Performance

Shares of NYSE:DFS traded down $0.46 during trading on Tuesday, reaching $194.95. 1,408,272 shares of the company's stock traded hands, compared to its average volume of 1,449,110. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. Discover Financial Services has a fifty-two week low of $107.10 and a fifty-two week high of $205.76. The firm has a market cap of $48.99 billion, a PE ratio of 12.21, a P/E/G ratio of 0.63 and a beta of 1.46. The company has a 50-day simple moving average of $183.54 and a 200-day simple moving average of $159.60.

Discover Financial Services (NYSE:DFS - Get Free Report) last released its quarterly earnings results 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%. As a group, analysts predict that Discover Financial Services will post 13.57 earnings per share for the current year.

Discover Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be paid a $0.70 dividend. The ex-dividend date is Friday, May 23rd. This represents a $2.80 annualized dividend and a yield of 1.44%. Discover Financial Services's dividend payout ratio is presently 17.54%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. StockNews.com cut shares of Discover Financial Services from a "buy" rating to a "hold" rating in a research report on Friday, January 24th. Wells Fargo & Company lifted their price target 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. UBS Group upgraded shares of Discover Financial Services from a "neutral" rating to a "buy" rating and boosted their target price for the company from $150.00 to $239.00 in a research report on Monday, January 13th. Evercore ISI upped their price target on shares of Discover Financial Services from $156.00 to $163.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada upped their price target on shares of 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. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $186.46.

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.