CWA Asset Management Group LLC Takes Position in Discover Financial Services (NYSE:DFS)

CWA Asset Management Group LLC acquired a new position in Discover Financial Services (NYSE:DFS - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 18,138 shares of the financial services provider's stock, valued at approximately $2,545,000.

Several other institutional investors have also recently made changes to their positions in DFS. Opal Wealth Advisors LLC purchased a new stake in shares of Discover Financial Services during the 2nd quarter worth about $26,000. DiNuzzo Private Wealth Inc. lifted its position in shares of Discover Financial Services by 506.5% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider's stock valued at $26,000 after buying an additional 157 shares in the last quarter. Y.D. More Investments Ltd lifted its position in shares of Discover Financial Services by 147.8% during the 2nd quarter. Y.D. More Investments Ltd now owns 223 shares of the financial services provider's stock valued at $29,000 after buying an additional 133 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in Discover Financial Services by 72.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 226 shares of the financial services provider's stock worth $30,000 after acquiring an additional 95 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in shares of Discover Financial Services by 348.2% in the second quarter. Larson Financial Group LLC now owns 251 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 195 shares during the period. Hedge funds and other institutional investors own 86.94% of the company's stock.

Wall Street Analysts Forecast Growth

DFS has been the topic of a number of research analyst reports. Evercore ISI lifted their price target on Discover Financial Services from $156.00 to $163.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 30th. StockNews.com cut shares of Discover Financial Services from a "buy" rating to a "hold" rating in a research report on Monday, November 4th. JPMorgan Chase & Co. boosted their price target on shares of Discover Financial Services from $132.00 to $135.00 and gave the stock a "neutral" rating in a research report on Friday, July 19th. Wells Fargo & Company upped their price objective on shares of Discover Financial Services from $152.00 to $160.00 and gave the company an "equal weight" rating in a research note on Friday, October 18th. Finally, Barclays raised their target price on shares of Discover Financial Services from $135.00 to $137.00 and gave the stock an "equal weight" rating in a research note on Friday, July 19th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Discover Financial Services currently has an average rating of "Hold" and an average price target of $138.81.

Discover Financial Services Stock Up 0.1 %

Shares of NYSE DFS traded up $0.15 during mid-day trading on Friday, reaching $175.15. The company had a trading volume of 3,300,442 shares, compared to its average volume of 1,812,278. Discover Financial Services has a 52-week low of $82.15 and a 52-week high of $188.26. The stock has a market cap of $43.97 billion, a P/E ratio of 14.14, a PEG ratio of 1.17 and a beta of 1.41. The company has a current ratio of 1.08, a quick ratio of 1.04 and a debt-to-equity ratio of 1.28. The firm has a 50 day simple moving average of $143.69 and a two-hundred day simple moving average of $134.25.

Discover Financial Services (NYSE:DFS - Get Free Report) last posted its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share for the quarter, beating the consensus estimate of $3.28 by $0.41. Discover Financial Services had a return on equity of 21.38% and a net margin of 13.78%. The business had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same period in the prior year, the company earned $2.59 earnings per share. Sell-side analysts predict that Discover Financial Services will post 13.35 earnings per share for the current year.

Discover Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.60%. The ex-dividend date is Thursday, November 21st. Discover Financial Services's dividend payout ratio (DPR) is presently 22.60%.

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.