ExodusPoint Capital Management LP Raises Stock Holdings in Discover Financial Services (NYSE:DFS)

ExodusPoint Capital Management LP boosted its holdings in Discover Financial Services (NYSE:DFS - Free Report) by 871.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 240,542 shares of the financial services provider's stock after buying an additional 215,784 shares during the quarter. ExodusPoint Capital Management LP owned approximately 0.10% of Discover Financial Services worth $41,669,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Westpac Banking Corp grew its stake in shares of Discover Financial Services by 21.5% during the fourth quarter. Westpac Banking Corp now owns 2,279 shares of the financial services provider's stock worth $395,000 after buying an additional 403 shares during the last quarter. OneAscent Financial Services LLC acquired a new position in shares of Discover Financial Services in the 4th quarter worth approximately $283,000. Cinctive Capital Management LP boosted its position in shares of Discover Financial Services by 149.4% during the 4th quarter. Cinctive Capital Management LP now owns 208,265 shares of the financial services provider's stock worth $36,078,000 after purchasing an additional 124,742 shares in the last quarter. AF Advisors Inc. acquired a new stake in Discover Financial Services in the fourth quarter valued at approximately $243,000. Finally, Huntington National Bank grew its position in Discover Financial Services by 4.2% in the 4th quarter. Huntington National Bank now owns 3,368 shares of the financial services provider's stock valued at $583,000 after purchasing an additional 135 shares during the period. Institutional investors own 86.94% of the company's stock.

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Analysts Set New Price Targets

DFS has been the subject of several analyst reports. UBS Group raised Discover Financial Services from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $150.00 to $239.00 in a research note on Monday, January 13th. JPMorgan Chase & Co. reduced their price objective on shares of Discover Financial Services from $169.00 to $129.00 and set a "neutral" rating for the company in a research report on Tuesday. StockNews.com cut shares of Discover Financial Services from a "buy" rating to a "hold" rating in a research report on Wednesday, April 2nd. 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 research report on Friday, March 21st. Finally, Wells Fargo & Company boosted their price target on shares of Discover Financial Services from $185.00 to $214.00 and gave the stock an "equal weight" rating in a report on Friday, January 24th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $188.40.

Discover Financial Services Trading Up 2.1 %

NYSE DFS traded up $3.16 on Tuesday, hitting $154.04. The company's stock had a trading volume of 815,229 shares, compared to its average volume of 1,561,093. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. Discover Financial Services has a 52-week low of $119.31 and a 52-week high of $205.76. The firm has a market cap of $38.76 billion, a P/E ratio of 9.63, a PEG ratio of 1.51 and a beta of 1.20. The company's 50-day simple moving average is $180.36 and its 200 day simple moving average is $171.47.

Discover Financial Services (NYSE:DFS - Get Free Report) last issued its quarterly earnings data 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%. Research analysts predict that Discover Financial Services will post 13.88 EPS for the current fiscal 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. The ex-dividend date is Friday, May 23rd. This represents a $2.80 dividend on an annualized basis and a yield of 1.82%. Discover Financial Services's payout ratio is currently 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.