Discover Financial Services (NYSE:DFS) Shares Acquired by Financial Engines Advisors L.L.C.

Financial Engines Advisors L.L.C. raised its position in Discover Financial Services (NYSE:DFS - Free Report) by 63.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 4,592 shares of the financial services provider's stock after purchasing an additional 1,774 shares during the period. Financial Engines Advisors L.L.C.'s holdings in Discover Financial Services were worth $795,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Meiji Yasuda Asset Management Co Ltd. boosted its position in Discover Financial Services by 2.0% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,545 shares of the financial services provider's stock worth $1,480,000 after acquiring an additional 171 shares during the last quarter. TIAA Trust National Association lifted its stake in Discover Financial Services by 12.9% in the 4th quarter. TIAA Trust National Association now owns 9,772 shares of the financial services provider's stock worth $1,693,000 after purchasing an additional 1,120 shares in the last quarter. CoreFirst Bank & Trust acquired a new position in shares of Discover Financial Services during the 4th quarter worth approximately $359,000. Woodmont Investment Counsel LLC acquired a new position in shares of Discover Financial Services during the 4th quarter worth approximately $287,000. Finally, Corebridge Financial Inc. grew its position in shares of Discover Financial Services by 0.7% in the fourth quarter. Corebridge Financial Inc. now owns 63,624 shares of the financial services provider's stock valued at $11,022,000 after purchasing an additional 413 shares in the last quarter. Institutional investors and hedge funds own 86.94% of the company's stock.

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Analysts Set New Price Targets

Several research firms have weighed in on DFS. StockNews.com lowered shares of Discover Financial Services from a "buy" rating to a "hold" rating in a report on Friday, January 24th. Barclays increased 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. Wells Fargo & Company boosted their price objective on shares of Discover Financial Services from $185.00 to $214.00 and gave the company an "equal weight" rating in a report on Friday, January 24th. UBS Group raised shares of Discover Financial Services from a "neutral" rating to a "buy" rating and upped their target price for the company from $150.00 to $239.00 in a research report on Monday, January 13th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Discover Financial Services from $170.00 to $232.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Discover Financial Services currently has an average rating of "Hold" and a consensus price target of $192.40.

Discover Financial Services Stock Down 0.2 %

DFS traded down $0.38 on Tuesday, hitting $170.32. 1,709,694 shares of the company were exchanged, compared to its average volume of 1,519,089. The firm has a 50-day moving average price of $183.68 and a two-hundred day moving average price of $170.89. 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 twelve month low of $119.31 and a twelve month high of $205.76. The company has a market cap of $42.85 billion, a price-to-earnings ratio of 10.67, a price-to-earnings-growth ratio of 1.51 and a beta of 1.45.

Discover Financial Services (NYSE:DFS - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $3.13 by $1.98. Discover Financial Services had a net margin of 17.29% and a return on equity of 26.18%. On average, equities analysts predict 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. Investors of record on Friday, May 23rd will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.64%. The ex-dividend date is Friday, May 23rd. Discover Financial Services's dividend payout ratio (DPR) is presently 17.54%.

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.