OV Management LLC Trims Stock Holdings in Discover Financial Services (NYSE:DFS)

OV Management LLC lowered its holdings in shares of Discover Financial Services (NYSE:DFS - Free Report) by 91.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,373 shares of the financial services provider's stock after selling 14,125 shares during the period. OV Management LLC's holdings in Discover Financial Services were worth $238,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DFS. Geode Capital Management LLC boosted its stake in Discover Financial Services by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 6,240,451 shares of the financial services provider's stock worth $1,082,826,000 after acquiring an additional 165,589 shares in the last quarter. HighPoint Advisor Group LLC raised its holdings in shares of Discover Financial Services by 6.6% during the fourth quarter. HighPoint Advisor Group LLC now owns 12,759 shares of the financial services provider's stock valued at $2,210,000 after purchasing an additional 795 shares during the period. Franklin Resources Inc. boosted its position in shares of Discover Financial Services by 1.8% during the 4th quarter. Franklin Resources Inc. now owns 45,894 shares of the financial services provider's stock worth $7,950,000 after purchasing an additional 797 shares in the last quarter. Summit Financial LLC grew its stake in shares of Discover Financial Services by 225.0% in the 4th quarter. Summit Financial LLC now owns 9,432 shares of the financial services provider's stock valued at $1,634,000 after buying an additional 6,530 shares during the period. Finally, AIA Group Ltd acquired a new stake in shares of Discover Financial Services in the 4th quarter valued at about $1,854,000. 86.94% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of equities analysts recently issued reports on DFS shares. JPMorgan Chase & Co. increased their target price on Discover Financial Services from $146.00 to $169.00 and gave the stock a "neutral" rating in a report on Friday, January 24th. Keefe, Bruyette & Woods lifted their price objective on shares of Discover Financial Services from $170.00 to $232.00 and gave the company an "outperform" rating in a report on Monday, December 9th. StockNews.com lowered shares of Discover Financial Services from a "buy" rating to a "hold" rating in a report on Wednesday. Barclays lifted their price target on Discover Financial Services from $186.00 to $209.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Finally, UBS Group raised Discover Financial Services from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $150.00 to $239.00 in a report on Monday, January 13th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $192.40.

Discover Financial Services Stock Performance

Discover Financial Services stock traded down $14.79 during mid-day trading on Thursday, reaching $161.15. 6,114,280 shares of the company's stock were exchanged, compared to its average volume of 1,542,197. The firm has a market capitalization of $40.55 billion, a PE ratio of 10.10, a P/E/G ratio of 1.51 and a beta of 1.45. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The business's fifty day simple moving average is $183.24 and its 200 day simple moving average is $170.92. Discover Financial Services has a one year low of $119.31 and a one year high of $205.76.

Discover Financial Services (NYSE:DFS - Get Free Report) last released its earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 EPS for the quarter, topping 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, sell-side analysts expect that Discover Financial Services will post 13.88 earnings per share 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 issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Friday, May 23rd. Discover Financial Services's dividend payout ratio (DPR) is 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.