Flavin Financial Services Inc. purchased a new stake in Discover Financial Services (NYSE:DFS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 5,411 shares of the financial services provider's stock, valued at approximately $937,000.
Several other institutional investors have also modified their holdings of DFS. DiNuzzo Private Wealth Inc. boosted its stake in shares of Discover Financial Services by 506.5% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider's stock valued at $26,000 after buying an additional 157 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Discover Financial Services in the 3rd quarter valued at $30,000. Grove Bank & Trust lifted its position in shares of Discover Financial Services by 78.1% during the 4th quarter. Grove Bank & Trust now owns 203 shares of the financial services provider's stock worth $35,000 after purchasing an additional 89 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in shares of Discover Financial Services during the fourth quarter worth $37,000. Finally, Pinnacle Bancorp Inc. increased its holdings in Discover Financial Services by 37.1% in the third quarter. Pinnacle Bancorp Inc. now owns 292 shares of the financial services provider's stock valued at $41,000 after buying an additional 79 shares during the last quarter. Institutional investors and hedge funds own 86.94% of the company's stock.
Discover Financial Services Stock Performance
DFS stock traded up $1.11 during trading on Thursday, hitting $202.91. The company had a trading volume of 1,721,524 shares, compared to its average volume of 1,495,705. Discover Financial Services has a 1-year low of $104.08 and a 1-year high of $205.76. The firm has a 50-day moving average price of $182.48 and a 200-day moving average price of $158.22. 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 firm has a market cap of $50.99 billion, a PE ratio of 12.71, a price-to-earnings-growth ratio of 0.64 and a beta of 1.46.
Discover Financial Services (NYSE:DFS - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 EPS for the quarter, topping the consensus estimate 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 expect that Discover Financial Services will post 13.39 earnings per share for the current year.
Discover Financial Services Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Friday, May 23rd. Discover Financial Services's payout ratio is 17.54%.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on the company. Barclays upped their price objective on Discover Financial Services from $186.00 to $209.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. StockNews.com downgraded Discover Financial Services from a "buy" rating to a "hold" rating in a report on Friday, January 24th. Royal Bank of Canada raised their price objective on shares of Discover Financial Services from $193.00 to $210.00 and gave the stock a "sector perform" rating in a report on Friday, January 24th. Keefe, Bruyette & Woods upped their target price 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. Finally, Truist Financial lifted their price target on shares of Discover Financial Services from $233.00 to $262.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $182.64.
Check Out Our Latest Stock Report on Discover Financial Services
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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