Venturi Wealth Management LLC Has $727,000 Stake in Discover Financial Services (NYSE:DFS)

Venturi Wealth Management LLC grew its position in Discover Financial Services (NYSE:DFS - Free Report) by 1,227.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,196 shares of the financial services provider's stock after purchasing an additional 3,880 shares during the period. Venturi Wealth Management LLC's holdings in Discover Financial Services were worth $727,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in Discover Financial Services by 0.8% in the third quarter. State Street Corp now owns 10,498,044 shares of the financial services provider's stock worth $1,472,771,000 after purchasing an additional 80,601 shares in the last quarter. FMR LLC boosted its holdings in 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 acquiring an additional 558,227 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of Discover Financial Services in the fourth quarter valued at about $351,766,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Discover Financial Services by 0.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,834,705 shares of the financial services provider's stock worth $257,391,000 after purchasing an additional 12,255 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Discover Financial Services by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,728,276 shares of the financial services provider's stock valued at $242,460,000 after buying an additional 7,751 shares during the last quarter. Institutional investors and hedge funds own 86.94% of the company's stock.

Discover Financial Services Price Performance

NYSE:DFS traded down $6.23 during trading hours on Friday, reaching $193.68. The company had a trading volume of 887,742 shares, compared to its average volume of 1,602,914. The firm has a market capitalization of $48.67 billion, a PE ratio of 12.13, a PEG ratio of 1.53 and a beta of 1.46. The stock has a 50-day moving average of $186.51 and a two-hundred day moving average of $162.43. Discover Financial Services has a one year low of $118.74 and a one year 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.

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

Discover Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Friday, May 23rd. Discover Financial Services's payout ratio is presently 17.54%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DFS. Wells Fargo & Company upped their price target on Discover Financial Services from $185.00 to $214.00 and gave the stock an "equal weight" rating in a report on Friday, January 24th. Royal Bank of Canada increased their price target on shares of Discover Financial Services from $193.00 to $210.00 and gave the company a "sector perform" rating in a report on Friday, January 24th. JPMorgan Chase & Co. boosted their price objective on shares of Discover Financial Services from $146.00 to $169.00 and gave the stock a "neutral" rating in a report on Friday, January 24th. StockNews.com cut shares of Discover Financial Services from a "buy" rating to a "hold" rating in a research note on Friday, January 24th. Finally, Truist Financial boosted their price target on Discover Financial Services from $233.00 to $262.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $186.46.

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.