Bryn Mawr Capital Management LLC Has $24.66 Million Stock Position in Discover Financial Services (NYSE:DFS)

Bryn Mawr Capital Management LLC raised its stake in shares of Discover Financial Services (NYSE:DFS - Free Report) by 1,933.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 142,366 shares of the financial services provider's stock after acquiring an additional 135,366 shares during the quarter. Discover Financial Services makes up 0.9% of Bryn Mawr Capital Management LLC's portfolio, making the stock its 24th largest holding. Bryn Mawr Capital Management LLC owned about 0.06% of Discover Financial Services worth $24,662,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Discover Financial Services in the third quarter valued at $30,000. Grove Bank & Trust increased its stake in shares of Discover Financial Services by 78.1% in the fourth quarter. Grove Bank & Trust now owns 203 shares of the financial services provider's stock valued at $35,000 after buying an additional 89 shares in the last quarter. Bfsg LLC acquired a new stake in shares of Discover Financial Services in the fourth quarter valued at $35,000. Hantz Financial Services Inc. acquired a new stake in shares of Discover Financial Services in the fourth quarter valued at $37,000. Finally, Venturi Wealth Management LLC increased its position in Discover Financial Services by 27.4% in the third 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 period. 86.94% of the stock is owned by institutional investors.

Discover Financial Services Stock Performance

DFS traded down $4.96 during trading hours on Friday, reaching $194.94. The company's stock had a trading volume of 1,137,473 shares, compared to its average volume of 1,609,271. Discover Financial Services has a 52 week low of $118.74 and a 52 week high of $205.76. The company's 50-day moving average is $186.51 and its 200-day moving average is $162.43. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.09. The firm has a market cap of $48.99 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 1.53 and a beta of 1.46.

Discover Financial Services (NYSE:DFS - Get Free Report) last posted 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%. On average, equities analysts forecast that Discover Financial Services will post 13.88 EPS 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. Shareholders of record on Friday, May 23rd will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Friday, May 23rd. Discover Financial Services's payout ratio is 17.54%.

Wall Street Analysts Forecast Growth

DFS has been the subject of a number of research reports. Evercore ISI lifted their price objective on Discover Financial Services from $156.00 to $163.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 30th. Royal Bank of Canada lifted their price objective on Discover Financial Services from $193.00 to $210.00 and gave the stock a "sector perform" rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods lifted their price objective on Discover Financial Services from $170.00 to $232.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Barclays lifted their price objective on Discover Financial Services from $186.00 to $209.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Finally, UBS Group upgraded Discover Financial Services from a "neutral" rating to a "buy" rating and raised their target price for the stock from $150.00 to $239.00 in a report on Monday, January 13th. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Discover Financial Services currently has an average rating of "Hold" and an average target price of $186.46.

Discover Financial Services 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.