Crews Bank & Trust Takes $861,000 Position in Discover Financial Services (NYSE:DFS)

Crews Bank & Trust acquired a new position in shares of Discover Financial Services (NYSE:DFS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,973 shares of the financial services provider's stock, valued at approximately $861,000.

Several other institutional investors have also added to or reduced their stakes in the stock. DiNuzzo Private Wealth Inc. raised its stake in shares of Discover Financial Services by 506.5% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 157 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Discover Financial Services in the 3rd quarter valued at approximately $30,000. Grove Bank & Trust raised its position in 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 buying an additional 89 shares during the last quarter. Hantz Financial Services Inc. bought a new stake in Discover Financial Services in the 4th quarter valued at approximately $37,000. Finally, Pinnacle Bancorp Inc. grew its stake in shares of Discover Financial Services by 37.1% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 292 shares of the financial services provider's stock worth $41,000 after acquiring an additional 79 shares in the last quarter. 86.94% of the stock is owned by institutional investors.

Discover Financial Services Stock Performance

Shares of DFS traded down $2.15 during trading hours on Monday, hitting $198.94. The company had a trading volume of 870,880 shares, compared to its average volume of 1,484,728. The firm has a market cap of $50.00 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 0.64 and a beta of 1.46. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The business has a fifty day moving average of $181.46 and a 200-day moving average of $157.13. Discover Financial Services has a 12 month low of $104.08 and a 12 month 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 (EPS) 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 analysts anticipate that Discover Financial Services will post 13.39 EPS for the current fiscal year.

Discover Financial Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Friday, May 23rd. Discover Financial Services's dividend payout ratio is 17.54%.

Wall Street Analyst Weigh In

DFS has been the subject of several recent research reports. Keefe, Bruyette & Woods increased their target price on shares of Discover Financial Services from $170.00 to $232.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Royal Bank of Canada increased their price objective 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. JPMorgan Chase & Co. lifted their target price on Discover Financial Services from $146.00 to $169.00 and gave the company a "neutral" rating in a research report 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 research report on Friday, January 24th. Finally, Truist Financial boosted their price target on Discover Financial Services from $233.00 to $262.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $182.64.

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.