Dynamic Technology Lab Private Ltd Purchases Shares of 4,184 Discover Financial Services (NYSE:DFS)

Dynamic Technology Lab Private Ltd purchased a new position in shares of Discover Financial Services (NYSE:DFS - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,184 shares of the financial services provider's stock, valued at approximately $587,000.

Several other institutional investors also recently bought and sold shares of DFS. Eagle Bluffs Wealth Management LLC boosted its holdings in shares of Discover Financial Services by 0.5% in the third quarter. Eagle Bluffs Wealth Management LLC now owns 14,501 shares of the financial services provider's stock valued at $2,034,000 after acquiring an additional 67 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in Discover Financial Services by 27.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 316 shares of the financial services provider's stock valued at $44,000 after purchasing an additional 68 shares in the last quarter. Inlet Private Wealth LLC boosted its holdings in Discover Financial Services by 2.4% in the 3rd quarter. Inlet Private Wealth LLC now owns 3,185 shares of the financial services provider's stock valued at $447,000 after purchasing an additional 75 shares in the last quarter. First Trust Direct Indexing L.P. increased its position in Discover Financial Services by 0.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 17,664 shares of the financial services provider's stock worth $2,478,000 after purchasing an additional 75 shares during the period. Finally, J.Safra Asset Management Corp raised its stake in shares of Discover Financial Services by 24.4% during the 2nd quarter. J.Safra Asset Management Corp now owns 387 shares of the financial services provider's stock worth $51,000 after buying an additional 76 shares in the last quarter. 86.94% of the stock is owned by institutional investors and hedge funds.

Discover Financial Services Price Performance

Discover Financial Services stock traded down $0.13 during midday trading on Friday, reaching $182.43. 577,901 shares of the company were exchanged, compared to its average volume of 1,675,969. The firm's 50-day simple moving average is $156.66 and its 200-day simple moving average is $139.67. Discover Financial Services has a 1 year low of $89.58 and a 1 year high of $188.26. The company has a market capitalization of $45.80 billion, a price-to-earnings ratio of 14.72, a P/E/G ratio of 1.17 and a beta of 1.41. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.04 and a current ratio of 1.08.

Discover Financial Services (NYSE:DFS - Get Free Report) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $3.69 EPS for the quarter, topping analysts' consensus estimates of $3.28 by $0.41. Discover Financial Services had a net margin of 13.78% and a return on equity of 21.38%. The business had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same period in the previous year, the firm posted $2.59 earnings per share. On average, analysts anticipate that Discover Financial Services will post 13.34 EPS for the current year.

Discover Financial Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Thursday, November 21st. Discover Financial Services's dividend payout ratio (DPR) is 22.60%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DFS. StockNews.com lowered Discover Financial Services from a "buy" rating to a "hold" rating in a report on Monday, November 4th. Royal Bank of Canada upped their price target on shares of Discover Financial Services from $148.00 to $161.00 and gave the stock a "sector perform" rating in a research note on Friday, October 18th. Evercore ISI increased their price target on shares of Discover Financial Services from $156.00 to $163.00 and gave the company an "in-line" rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company boosted their price objective on shares of Discover Financial Services from $152.00 to $160.00 and gave the stock an "equal weight" rating in a report on Friday, October 18th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $138.81.

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.