Discover Financial Services (NYSE:DFS) Position Trimmed by Diametric Capital LP

Diametric Capital LP lowered its holdings in Discover Financial Services (NYSE:DFS - Free Report) by 54.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,840 shares of the financial services provider's stock after selling 11,937 shares during the quarter. Discover Financial Services accounts for about 1.2% of Diametric Capital LP's holdings, making the stock its 13th biggest position. Diametric Capital LP's holdings in Discover Financial Services were worth $1,705,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Hemington Wealth Management lifted its stake in shares of Discover Financial Services by 11.0% in the 4th quarter. Hemington Wealth Management now owns 503 shares of the financial services provider's stock valued at $87,000 after purchasing an additional 50 shares in the last quarter. UMB Bank n.a. increased its position in Discover Financial Services by 0.6% during the 4th quarter. UMB Bank n.a. now owns 9,248 shares of the financial services provider's stock worth $1,602,000 after purchasing an additional 56 shares in the last quarter. Stratos Wealth Partners LTD. raised its holdings in Discover Financial Services by 0.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 6,158 shares of the financial services provider's stock valued at $1,067,000 after buying an additional 57 shares during the period. Brown Brothers Harriman & Co. lifted its position in Discover Financial Services by 4.2% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,411 shares of the financial services provider's stock valued at $244,000 after buying an additional 57 shares in the last quarter. Finally, Invst LLC grew its stake in Discover Financial Services by 0.9% during the third quarter. Invst LLC now owns 7,253 shares of the financial services provider's stock worth $1,018,000 after buying an additional 62 shares during the period. 86.94% of the stock is currently owned by hedge funds and other institutional investors.

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Discover Financial Services Stock Down 8.4 %

Shares of Discover Financial Services stock traded down $14.79 on Thursday, hitting $161.15. 6,114,280 shares of the company's stock traded hands, compared to its average volume of 1,542,196. Discover Financial Services has a 52-week low of $119.31 and a 52-week high of $205.76. 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 stock has a market cap of $40.55 billion, a P/E ratio of 10.10, a PEG ratio of 1.51 and a beta of 1.45. The firm's 50-day moving average is $183.24 and its 200 day moving average is $170.92.

Discover Financial Services (NYSE:DFS - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $5.11 EPS 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%. Equities analysts anticipate that Discover Financial Services will post 13.88 earnings per share for the current year.

Discover Financial Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Friday, May 23rd. Discover Financial Services's dividend payout ratio is currently 17.54%.

Analysts Set New Price Targets

DFS has been the topic of several recent research reports. Barclays lifted their target price on shares of Discover Financial Services from $186.00 to $209.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Wells Fargo & Company boosted their price objective on 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. StockNews.com lowered Discover Financial Services from a "buy" rating to a "hold" rating in a research note on Wednesday. UBS Group upgraded Discover Financial Services from a "neutral" rating to a "buy" rating and raised their target price for the company from $150.00 to $239.00 in a report on Monday, January 13th. Finally, Truist Financial decreased their price target on Discover Financial Services from $262.00 to $219.00 and set a "buy" rating for the company in a report on Friday, March 21st. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Discover Financial Services has a consensus rating of "Hold" and an average target price of $192.40.

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.