Discover Financial Services (NYSE:DFS) Shares Bought by Global Retirement Partners LLC

Global Retirement Partners LLC boosted its holdings in Discover Financial Services (NYSE:DFS - Free Report) by 66.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 16,032 shares of the financial services provider's stock after buying an additional 6,429 shares during the period. Global Retirement Partners LLC's holdings in Discover Financial Services were worth $2,777,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Hemington Wealth Management raised its position in Discover Financial Services by 11.0% in the 4th quarter. Hemington Wealth Management now owns 503 shares of the financial services provider's stock worth $87,000 after purchasing an additional 50 shares during the period. UMB Bank n.a. increased its position in shares of Discover Financial Services by 0.6% during the fourth quarter. UMB Bank n.a. now owns 9,248 shares of the financial services provider's stock worth $1,602,000 after acquiring an additional 56 shares during the period. Stratos Wealth Partners LTD. increased its position in shares of Discover Financial Services by 0.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 6,158 shares of the financial services provider's stock worth $1,067,000 after acquiring an additional 57 shares during the period. Invst LLC increased its position in shares of Discover Financial Services by 0.9% during the third quarter. Invst LLC now owns 7,253 shares of the financial services provider's stock worth $1,018,000 after acquiring an additional 62 shares during the period. Finally, CTC Alternative Strategies Ltd. increased its position in shares of Discover Financial Services by 3.2% during the third quarter. CTC Alternative Strategies Ltd. now owns 2,047 shares of the financial services provider's stock worth $287,000 after acquiring an additional 63 shares during the period. Hedge funds and other institutional investors own 86.94% of the company's stock.

Discover Financial Services Stock Down 2.8 %

DFS traded down $5.66 during trading on Friday, hitting $194.24. The stock had a trading volume of 1,005,994 shares, compared to its average volume of 1,608,202. The company has a market capitalization of $48.81 billion, a PE ratio of 12.16, a PEG ratio of 1.53 and a beta of 1.46. Discover Financial Services has a twelve month low of $118.74 and a twelve month high of $205.76. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.09. The stock has a 50 day simple moving average of $186.51 and a two-hundred day simple moving average of $162.43.

Discover Financial Services (NYSE:DFS - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $3.13 by $1.98. Discover Financial Services had a net margin of 17.29% and a return on equity of 26.18%. On average, research analysts predict that Discover Financial Services will post 13.88 earnings per share for the current year.

Discover Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.70 per share. The ex-dividend date is Friday, May 23rd. This represents a $2.80 annualized dividend and a dividend yield of 1.44%. Discover Financial Services's payout ratio is currently 17.54%.

Wall Street Analyst Weigh In

DFS has been the topic of a number of research reports. Truist Financial raised their target price on shares of Discover Financial Services from $233.00 to $262.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Evercore ISI raised their target price on shares of Discover Financial Services from $156.00 to $163.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods raised their target price on shares of Discover Financial Services from $170.00 to $232.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. JPMorgan Chase & Co. raised their target price on shares of Discover Financial Services from $146.00 to $169.00 and gave the stock a "neutral" rating in a research report on Friday, January 24th. Finally, StockNews.com lowered shares of Discover Financial Services from a "buy" rating to a "hold" rating in a report on Friday, January 24th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $186.46.

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.