Commonwealth Equity Services LLC Has $9.94 Million Stock Holdings in Discover Financial Services (NYSE:DFS)

Commonwealth Equity Services LLC cut its position in Discover Financial Services (NYSE:DFS - Free Report) by 6.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,368 shares of the financial services provider's stock after selling 3,738 shares during the quarter. Commonwealth Equity Services LLC's holdings in Discover Financial Services were worth $9,938,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DFS. OneDigital Investment Advisors LLC boosted its stake in Discover Financial Services by 10.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,492 shares of the financial services provider's stock valued at $771,000 after purchasing an additional 523 shares during the period. Quest Partners LLC lifted its position in shares of Discover Financial Services by 56.8% during the 3rd quarter. Quest Partners LLC now owns 6,792 shares of the financial services provider's stock valued at $953,000 after acquiring an additional 2,459 shares during the period. Banque Cantonale Vaudoise lifted its position in shares of Discover Financial Services by 127.6% during the 3rd quarter. Banque Cantonale Vaudoise now owns 8,067 shares of the financial services provider's stock valued at $1,132,000 after acquiring an additional 4,522 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Discover Financial Services during the 3rd quarter valued at $3,748,000. Finally, Alpine Associates Management Inc. lifted its position in shares of Discover Financial Services by 2.2% during the 3rd quarter. Alpine Associates Management Inc. now owns 878,164 shares of the financial services provider's stock valued at $123,198,000 after acquiring an additional 18,670 shares during the period. 86.94% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DFS shares. Barclays upped 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. Wells Fargo & Company upped their target price on Discover Financial Services from $185.00 to $214.00 and gave the company an "equal weight" rating in a research report on Friday, January 24th. Royal Bank of Canada upped their target price on Discover Financial Services from $193.00 to $210.00 and gave the company a "sector perform" rating in a research report on Friday, January 24th. Truist Financial cut their target price on Discover Financial Services from $262.00 to $219.00 and set a "buy" rating for the company in a research report on Friday. Finally, Keefe, Bruyette & Woods boosted 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. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $192.40.

Discover Financial Services Price Performance

DFS traded up $0.43 on Friday, reaching $164.90. The stock had a trading volume of 1,942,331 shares, compared to its average volume of 1,410,225. Discover Financial Services has a fifty-two week low of $119.31 and a fifty-two week high of $205.76. The firm has a 50-day moving average of $186.18 and a 200-day moving average of $168.86. 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 company has a market capitalization of $41.49 billion, a price-to-earnings ratio of 10.33, 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 (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%. As a group, sell-side analysts anticipate that Discover Financial Services will post 13.88 EPS for the current year.

Discover Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders 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 1.70%. Discover Financial Services's payout ratio is presently 17.54%.

Discover Financial Services 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.