Cypress Financial Planning LLC Purchases 7,503 Shares of Discover Financial Services (NYSE:DFS)

Cypress Financial Planning LLC increased its holdings in Discover Financial Services (NYSE:DFS - Free Report) by 50.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,247 shares of the financial services provider's stock after purchasing an additional 7,503 shares during the period. Discover Financial Services makes up about 1.4% of Cypress Financial Planning LLC's holdings, making the stock its 15th biggest holding. Cypress Financial Planning LLC's holdings in Discover Financial Services were worth $3,854,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in DFS. FMR LLC boosted its stake in shares of Discover Financial Services by 8.0% during the third quarter. FMR LLC now owns 7,493,862 shares of the financial services provider's stock valued at $1,051,314,000 after purchasing an additional 558,227 shares during the period. Samlyn Capital LLC boosted its position in Discover Financial Services by 368.0% during the 2nd quarter. Samlyn Capital LLC now owns 646,691 shares of the financial services provider's stock valued at $84,594,000 after buying an additional 508,504 shares during the period. Mizuho Securities USA LLC grew its holdings in Discover Financial Services by 1,272.0% in the 3rd quarter. Mizuho Securities USA LLC now owns 265,155 shares of the financial services provider's stock worth $37,199,000 after acquiring an additional 245,829 shares during the last quarter. Point72 Asset Management L.P. increased its position in shares of Discover Financial Services by 67.1% in the second quarter. Point72 Asset Management L.P. now owns 478,599 shares of the financial services provider's stock valued at $62,606,000 after acquiring an additional 192,142 shares during the period. Finally, International Assets Investment Management LLC bought a new position in shares of Discover Financial Services during the third quarter valued at about $21,169,000. Institutional investors own 86.94% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on DFS shares. StockNews.com cut Discover Financial Services from a "buy" rating to a "hold" rating in a research note on Monday, November 4th. Royal Bank of Canada lifted their price objective on Discover Financial Services from $148.00 to $161.00 and gave the stock a "sector perform" rating in a research report on Friday, October 18th. JPMorgan Chase & Co. decreased their target price on Discover Financial Services from $150.00 to $146.00 and set a "neutral" rating for the company in a report on Tuesday. Truist Financial started coverage on Discover Financial Services in a research note on Tuesday, January 7th. They issued a "buy" rating and a $233.00 price target for the company. Finally, Barclays raised shares of Discover Financial Services from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $137.00 to $186.00 in a research report on Monday, January 6th. Eleven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $164.75.

Discover Financial Services Stock Up 3.1 %

Shares of DFS traded up $5.42 during trading hours on Tuesday, hitting $181.10. The company had a trading volume of 1,051,213 shares, compared to its average volume of 1,260,439. The stock has a market capitalization of $45.47 billion, a price-to-earnings ratio of 14.62, a P/E/G ratio of 1.12 and a beta of 1.45. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.04 and a current ratio of 1.08. Discover Financial Services has a 52-week low of $96.46 and a 52-week high of $188.26. The firm has a fifty day moving average price of $176.40 and a 200-day moving average price of $151.42.

Discover Financial Services (NYSE:DFS - Get Free Report) last released its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share (EPS) 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 for the quarter, compared to analysts' expectations of $4.36 billion. During the same period in the prior year, the firm posted $2.59 EPS. On average, equities research analysts forecast that Discover Financial Services will post 13.43 EPS for the current fiscal year.

Discover Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend was Thursday, November 21st. Discover Financial Services's dividend payout ratio (DPR) is 22.60%.

About Discover Financial Services

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.