Discover Financial Services (NYSE:DFS) Shares Bought by Korea Investment CORP

Korea Investment CORP boosted its holdings in shares of Discover Financial Services (NYSE:DFS - Free Report) by 16.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 249,587 shares of the financial services provider's stock after buying an additional 34,381 shares during the quarter. Korea Investment CORP owned approximately 0.10% of Discover Financial Services worth $43,236,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Hemington Wealth Management boosted its position in Discover Financial Services by 11.0% during the fourth quarter. Hemington Wealth Management now owns 503 shares of the financial services provider's stock valued at $87,000 after purchasing an additional 50 shares in the last quarter. UMB Bank n.a. lifted 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 valued at $1,602,000 after buying an additional 56 shares during the last quarter. Stratos Wealth Partners LTD. boosted its holdings in shares of Discover Financial Services by 0.9% in the 4th quarter. Stratos Wealth Partners LTD. now owns 6,158 shares of the financial services provider's stock valued at $1,067,000 after buying an additional 57 shares in the last quarter. Invst LLC grew its position in shares of Discover Financial Services by 0.9% in the 3rd quarter. Invst LLC now owns 7,253 shares of the financial services provider's stock worth $1,018,000 after buying an additional 62 shares during the last quarter. Finally, CTC Alternative Strategies Ltd. raised its stake in shares of Discover Financial Services by 3.2% during the 3rd 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 in the last quarter. Institutional investors own 86.94% of the company's stock.

Remove Ads

Discover Financial Services Stock Performance

Shares of DFS stock traded down $0.38 during trading hours on Tuesday, hitting $170.32. The company's stock had a trading volume of 1,709,694 shares, compared to its average volume of 1,519,089. The stock has a market cap of $42.85 billion, a PE ratio of 10.67, a price-to-earnings-growth ratio of 1.51 and a beta of 1.45. Discover Financial Services has a 12-month low of $119.31 and a 12-month high of $205.76. The company has a 50 day moving average of $183.68 and a 200 day moving average of $170.89. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09.

Discover Financial Services (NYSE:DFS - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 EPS 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, sell-side analysts forecast that Discover Financial Services will post 13.88 EPS for the current fiscal year.

Discover Financial Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Friday, May 23rd. Discover Financial Services's dividend payout ratio (DPR) is 17.54%.

Analysts Set New Price Targets

Several brokerages have recently commented on DFS. UBS Group upgraded 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 report on Monday, January 13th. StockNews.com cut Discover Financial Services from a "buy" rating to a "hold" rating in a research note on Friday, January 24th. Truist Financial dropped their price target on Discover Financial Services from $262.00 to $219.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Barclays increased their price objective on shares of Discover Financial Services from $186.00 to $209.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Finally, Wells Fargo & Company boosted their target price on shares of 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. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $192.40.

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.