CSM Advisors LLC Has $10.75 Million Stock Position in Discover Financial Services (NYSE:DFS)

CSM Advisors LLC reduced its holdings in Discover Financial Services (NYSE:DFS) by 31.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 62,040 shares of the financial services provider's stock after selling 28,676 shares during the quarter. CSM Advisors LLC's holdings in Discover Financial Services were worth $10,750,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in DFS. MGO One Seven LLC lifted its position in shares of Discover Financial Services by 3.2% during the 4th quarter. MGO One Seven LLC now owns 1,821 shares of the financial services provider's stock valued at $315,000 after acquiring an additional 57 shares during the period. Dark Forest Capital Management LP increased its stake in Discover Financial Services by 60.7% in the fourth quarter. Dark Forest Capital Management LP now owns 3,393 shares of the financial services provider's stock valued at $588,000 after purchasing an additional 1,281 shares in the last quarter. Fayez Sarofim & Co acquired a new position in shares of Discover Financial Services during the fourth quarter valued at about $1,053,000. J. Safra Sarasin Holding AG bought a new position in shares of Discover Financial Services during the 4th quarter worth about $2,957,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Discover Financial Services by 36.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 13,611 shares of the financial services provider's stock valued at $2,358,000 after buying an additional 3,643 shares during the period. 86.94% of the stock is owned by institutional investors and hedge funds.

Discover Financial Services Price Performance

Shares of NYSE:DFS opened at $172.47 on Wednesday. The company has a market capitalization of $43.39 billion, a P/E ratio of 10.81, a price-to-earnings-growth ratio of 1.51 and a beta of 1.20. The company's 50-day moving average is $170.61 and its 200 day moving average is $172.98. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.09. Discover Financial Services has a fifty-two week low of $119.95 and a fifty-two week high of $205.76.

Discover Financial Services (NYSE:DFS - Get Free Report) last released its earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share 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%. On average, equities research analysts forecast that Discover Financial Services will post 13.88 earnings per share for the current year.

Discover Financial Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Friday, May 23rd. Discover Financial Services's dividend payout ratio is currently 17.54%.

Analyst Upgrades and Downgrades

DFS has been the topic of a number of research reports. StockNews.com lowered Discover Financial Services from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Wells Fargo & Company raised their price objective on shares of Discover Financial Services from $185.00 to $214.00 and gave the company an "equal weight" rating in a research note on Friday, January 24th. Truist Financial decreased their target price on shares of Discover Financial Services from $262.00 to $219.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Barclays raised their price target on shares of Discover Financial Services from $186.00 to $209.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Finally, Royal Bank of Canada increased their price objective on 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. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $188.40.

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.

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