Treasurer of the State of North Carolina Sells 5,056 Shares of Discover Financial Services (NYSE:DFS)

Treasurer of the State of North Carolina cut its position in Discover Financial Services (NYSE:DFS - Free Report) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 152,839 shares of the financial services provider's stock after selling 5,056 shares during the quarter. Treasurer of the State of North Carolina owned 0.06% of Discover Financial Services worth $26,476,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in DFS. Orion Portfolio Solutions LLC increased its position in shares of Discover Financial Services by 17.1% during the third quarter. Orion Portfolio Solutions LLC now owns 10,080 shares of the financial services provider's stock valued at $1,414,000 after acquiring an additional 1,469 shares during the last quarter. M&T Bank Corp increased its position in Discover Financial Services by 3.2% during the 3rd quarter. M&T Bank Corp now owns 24,212 shares of the financial services provider's stock valued at $3,397,000 after purchasing an additional 760 shares during the period. Coldstream Capital Management Inc. lifted its stake in shares of Discover Financial Services by 7.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 6,041 shares of the financial services provider's stock valued at $860,000 after purchasing an additional 402 shares during the period. Toronto Dominion Bank boosted its position in shares of Discover Financial Services by 1.4% in the 3rd quarter. Toronto Dominion Bank now owns 126,013 shares of the financial services provider's stock worth $17,678,000 after purchasing an additional 1,778 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its position in Discover Financial Services by 28.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 27,232 shares of the financial services provider's stock valued at $3,820,000 after purchasing an additional 5,970 shares during the last quarter. 86.94% of the stock is currently owned by institutional investors.

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Discover Financial Services Stock Performance

Shares of DFS stock traded down $1.26 during midday trading on Wednesday, hitting $158.88. 217,334 shares of the company were exchanged, compared to its average volume of 1,574,936. The firm's 50 day moving average price is $173.69 and its two-hundred day moving average price is $172.15. The firm has a market capitalization of $39.98 billion, a P/E ratio of 9.95, a PEG ratio of 1.51 and a beta of 1.20. Discover Financial Services has a 52 week low of $119.31 and a 52 week high of $205.76. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.09.

Discover Financial Services (NYSE:DFS - Get Free Report) last posted its quarterly earnings data 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 net margin of 17.29% and a return on equity of 26.18%. As a group, equities research analysts anticipate that Discover Financial Services will post 13.88 earnings per share for the current year.

Discover Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders 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 dividend yield of 1.76%. The ex-dividend date is Friday, May 23rd. Discover Financial Services's dividend payout ratio (DPR) is currently 17.54%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DFS shares. JPMorgan Chase & Co. dropped their price target on shares of Discover Financial Services from $169.00 to $129.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Barclays boosted their target price on Discover Financial Services from $186.00 to $209.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. StockNews.com downgraded shares of Discover Financial Services from a "buy" rating to a "hold" rating in a research note on Tuesday. Truist Financial reduced their target price on Discover Financial Services from $262.00 to $219.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Finally, Wells Fargo & Company lifted 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. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $188.40.

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.