Skandinaviska Enskilda Banken AB publ Acquires 19,818 Shares of Discover Financial Services (NYSE:DFS)

Skandinaviska Enskilda Banken AB publ increased its stake in Discover Financial Services (NYSE:DFS - Free Report) by 26.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 95,884 shares of the financial services provider's stock after purchasing an additional 19,818 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Discover Financial Services were worth $16,534,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DFS. Atria Investments Inc lifted its holdings in Discover Financial Services by 57.8% in the 3rd quarter. Atria Investments Inc now owns 12,783 shares of the financial services provider's stock worth $1,793,000 after purchasing an additional 4,684 shares during the last quarter. Wolverine Asset Management LLC lifted its holdings in Discover Financial Services by 16.3% in the 3rd quarter. Wolverine Asset Management LLC now owns 5,000 shares of the financial services provider's stock worth $701,000 after purchasing an additional 700 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in Discover Financial Services by 27.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 316 shares of the financial services provider's stock worth $44,000 after purchasing an additional 68 shares during the last quarter. Apollon Wealth Management LLC lifted its holdings in Discover Financial Services by 14.0% in the 3rd quarter. Apollon Wealth Management LLC now owns 4,179 shares of the financial services provider's stock worth $586,000 after purchasing an additional 513 shares during the last quarter. Finally, Aptus Capital Advisors LLC lifted its holdings in Discover Financial Services by 47.6% in the 3rd quarter. Aptus Capital Advisors LLC now owns 2,774 shares of the financial services provider's stock worth $389,000 after purchasing an additional 895 shares during the last quarter. 86.94% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

DFS has been the subject of a number of research analyst reports. Barclays upped their price target on Discover Financial Services from $186.00 to $209.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Keefe, Bruyette & Woods upped their price target on Discover Financial Services from $170.00 to $232.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. StockNews.com lowered Discover Financial Services from a "buy" rating to a "hold" rating in a report on Friday, January 24th. Truist Financial upped their price target on Discover Financial Services from $233.00 to $262.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Finally, UBS Group upgraded Discover Financial Services from a "neutral" rating to a "buy" rating and upped their price target for the stock from $150.00 to $239.00 in a report on Monday, January 13th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $191.91.

Discover Financial Services Stock Performance

Shares of NYSE DFS traded up $5.92 during trading hours on Tuesday, reaching $158.91. The stock had a trading volume of 3,734,092 shares, compared to its average volume of 1,401,829. The business's fifty day moving average is $187.16 and its two-hundred day moving average is $168.39. Discover Financial Services has a twelve month low of $119.31 and a twelve month high of $205.76. The company has a market cap of $39.98 billion, a price-to-earnings ratio of 9.96, a PEG ratio of 1.51 and a beta of 1.45. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.03.

Discover Financial Services (NYSE:DFS - Get Free Report) last announced its quarterly 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 return on equity of 26.18% and a net margin of 17.29%. As a group, research analysts expect that Discover Financial Services will post 13.88 EPS for the current year.

Discover Financial Services Dividend Announcement

The business also recently declared 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 1.76%. The ex-dividend date is Friday, May 23rd. Discover Financial Services's dividend payout ratio (DPR) is 17.54%.

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.