Generation Capital Management LLC Takes $529,000 Position in Discover Financial Services (NYSE:DFS)

Generation Capital Management LLC bought a new stake in shares of Discover Financial Services (NYSE:DFS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,055 shares of the financial services provider's stock, valued at approximately $529,000.

A number of other large investors also recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in shares of Discover Financial Services in the fourth quarter worth $38,489,000. Brookstone Capital Management bought a new stake in shares of Discover Financial Services in the fourth quarter worth about $282,000. Meyer Handelman Co. purchased a new stake in shares of Discover Financial Services in the fourth quarter worth about $239,000. Mechanics Bank Trust Department bought a new position in Discover Financial Services during the fourth quarter valued at approximately $234,000. Finally, JBGlobal.com LLC purchased a new position in Discover Financial Services during the 4th quarter valued at approximately $346,000. 86.94% of the stock is owned by hedge funds and other institutional investors.

Discover Financial Services Stock Performance

DFS stock opened at $159.91 on Friday. Discover Financial Services has a twelve month low of $119.95 and a twelve month high of $205.76. The firm has a market cap of $40.23 billion, a price-to-earnings ratio of 10.02, a PEG ratio of 1.51 and a beta of 1.20. The business's fifty day simple moving average is $172.12 and its two-hundred day simple moving average is $172.18. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 1.09.

Discover Financial Services (NYSE:DFS - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share 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%. Analysts predict 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. Investors of record on Friday, May 23rd will be paid a $0.70 dividend. The ex-dividend date is Friday, May 23rd. This represents a $2.80 annualized dividend and a yield of 1.75%. Discover Financial Services's dividend payout ratio (DPR) is currently 17.54%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Barclays increased 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. UBS Group upgraded shares of Discover Financial Services from a "neutral" rating to a "buy" rating and increased their price objective for the company from $150.00 to $239.00 in a research report on Monday, January 13th. Royal Bank of Canada boosted their target price 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. Wells Fargo & Company lifted their price target on Discover Financial Services from $185.00 to $214.00 and gave the stock an "equal weight" rating in a research report on Friday, January 24th. Finally, Truist Financial decreased their price objective on Discover Financial Services from $262.00 to $219.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Discover Financial Services has a consensus rating of "Hold" and an average price target of $188.40.

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.

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