Machina Capital S.A.S. decreased its holdings in shares of Discover Financial Services (NYSE:DFS - Free Report) by 31.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,797 shares of the financial services provider's stock after selling 1,763 shares during the period. Machina Capital S.A.S.'s holdings in Discover Financial Services were worth $658,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. boosted its position in shares of Discover Financial Services by 10.5% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 115,487 shares of the financial services provider's stock valued at $16,202,000 after purchasing an additional 10,946 shares in the last quarter. Brookstone Capital Management bought a new position in Discover Financial Services in the fourth quarter worth approximately $282,000. Meyer Handelman Co. bought a new position in Discover Financial Services in the fourth quarter worth approximately $239,000. Janney Montgomery Scott LLC bought a new position in Discover Financial Services in the third quarter worth approximately $2,415,000. Finally, Mechanics Bank Trust Department bought a new position in Discover Financial Services in the fourth quarter worth approximately $234,000. Institutional investors own 86.94% of the company's stock.
Discover Financial Services Stock Performance
Shares of DFS traded down $5.29 on Friday, reaching $167.38. 5,501,037 shares of the company's stock traded hands, compared to its average volume of 1,355,878. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. The stock has a market cap of $42.11 billion, a PE ratio of 10.49, a PEG ratio of 1.51 and a beta of 1.45. The stock's 50 day simple moving average is $189.03 and its two-hundred day simple moving average is $167.10. Discover Financial Services has a 52-week low of $119.31 and a 52-week high of $205.76.
Discover Financial Services (NYSE:DFS - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 EPS 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, analysts forecast that Discover Financial Services will post 13.88 earnings per share for the current fiscal year.
Discover Financial Services Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Friday, May 23rd. Discover Financial Services's payout ratio is 17.54%.
Analyst Ratings Changes
DFS has been the topic of several recent research reports. Wells Fargo & Company increased 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. Truist Financial increased 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. Keefe, Bruyette & Woods increased 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. UBS Group upgraded Discover Financial Services from a "neutral" rating to a "buy" rating and increased their price target for the stock from $150.00 to $239.00 in a report on Monday, January 13th. Finally, Barclays increased their price objective on Discover Financial Services from $186.00 to $209.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $191.91.
Read Our Latest Report on DFS
About Discover Financial Services
(
Free Report)
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.
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