Quantinno Capital Management LP Boosts Stock Holdings in Discover Financial Services (NYSE:DFS)

Quantinno Capital Management LP grew its position in shares of Discover Financial Services (NYSE:DFS - Free Report) by 104.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,976 shares of the financial services provider's stock after purchasing an additional 13,751 shares during the quarter. Quantinno Capital Management LP's holdings in Discover Financial Services were worth $3,785,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DFS. Eagle Bluffs Wealth Management LLC raised its stake in shares of Discover Financial Services by 0.5% during the third quarter. Eagle Bluffs Wealth Management LLC now owns 14,501 shares of the financial services provider's stock worth $2,034,000 after acquiring an additional 67 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in shares of Discover Financial Services by 27.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 316 shares of the financial services provider's stock valued at $44,000 after purchasing an additional 68 shares during the last quarter. Inlet Private Wealth LLC raised its position in Discover Financial Services by 2.4% in the 3rd quarter. Inlet Private Wealth LLC now owns 3,185 shares of the financial services provider's stock worth $447,000 after purchasing an additional 75 shares during the period. First Trust Direct Indexing L.P. lifted its stake in Discover Financial Services by 0.4% in the third quarter. First Trust Direct Indexing L.P. now owns 17,664 shares of the financial services provider's stock worth $2,478,000 after purchasing an additional 75 shares during the last quarter. Finally, J.Safra Asset Management Corp boosted its holdings in Discover Financial Services by 24.4% during the 2nd quarter. J.Safra Asset Management Corp now owns 387 shares of the financial services provider's stock valued at $51,000 after acquiring an additional 76 shares during the period. 86.94% of the stock is owned by hedge funds and other institutional investors.

Discover Financial Services Stock Down 1.4 %

NYSE DFS traded down $2.46 during trading hours on Monday, reaching $176.76. 1,293,366 shares of the company's stock traded hands, compared to its average volume of 1,662,616. Discover Financial Services has a 52-week low of $96.46 and a 52-week high of $188.26. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.08 and a quick ratio of 1.04. The firm has a 50-day simple moving average of $160.69 and a 200 day simple moving average of $141.75. The firm has a market cap of $44.38 billion, a PE ratio of 14.41, a PEG ratio of 1.14 and a beta of 1.45.

Discover Financial Services (NYSE:DFS - Get Free Report) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $3.69 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $5.91 billion for the quarter, compared to analysts' expectations of $4.36 billion. During the same period in the previous year, the firm posted $2.59 EPS. Sell-side analysts anticipate that Discover Financial Services will post 13.34 EPS for the current fiscal year.

Discover Financial Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were paid a $0.70 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.58%. Discover Financial Services's dividend payout ratio is currently 22.60%.

Wall Street Analysts Forecast Growth

DFS has been the topic of several recent analyst reports. Royal Bank of Canada raised their target price on shares of Discover Financial Services from $148.00 to $161.00 and gave the stock a "sector perform" rating in a report on Friday, October 18th. StockNews.com cut shares of Discover Financial Services from a "buy" rating to a "hold" rating in a research report on Monday, November 4th. Wells Fargo & Company increased their target price on shares of Discover Financial Services from $152.00 to $160.00 and gave the stock an "equal weight" rating in a report on Friday, October 18th. Evercore ISI boosted their price target on Discover Financial Services from $156.00 to $163.00 and gave the company an "in-line" rating in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. increased their price objective on Discover Financial Services from $135.00 to $150.00 and gave the stock a "neutral" rating in a report on Monday. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Discover Financial Services presently has a consensus rating of "Hold" and an average target price of $146.13.

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.