Martin & Co. Inc. TN Decreases Holdings in Discover Financial Services (NYSE:DFS)

Martin & Co. Inc. TN cut its stake in Discover Financial Services (NYSE:DFS - Free Report) by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,628 shares of the financial services provider's stock after selling 2,010 shares during the quarter. Discover Financial Services accounts for about 1.9% of Martin & Co. Inc. TN's portfolio, making the stock its 14th biggest position. Martin & Co. Inc. TN's holdings in Discover Financial Services were worth $7,558,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. State Street Corp lifted its position in shares of Discover Financial Services by 0.8% during the 3rd quarter. State Street Corp now owns 10,498,044 shares of the financial services provider's stock worth $1,472,771,000 after buying an additional 80,601 shares in the last quarter. FMR LLC lifted its holdings in Discover Financial Services by 8.0% during the third quarter. FMR LLC now owns 7,493,862 shares of the financial services provider's stock worth $1,051,314,000 after acquiring an additional 558,227 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Discover Financial Services during the fourth quarter worth $351,766,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Discover Financial Services by 0.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,834,705 shares of the financial services provider's stock worth $257,391,000 after purchasing an additional 12,255 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Discover Financial Services by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,728,276 shares of the financial services provider's stock valued at $242,460,000 after purchasing an additional 7,751 shares during the period. Institutional investors own 86.94% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DFS shares. Truist Financial increased their price target on shares of Discover Financial Services from $233.00 to $262.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Evercore ISI boosted their target price on shares of Discover Financial Services from $156.00 to $163.00 and gave the company an "in-line" rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. raised their price target on shares of Discover Financial Services from $146.00 to $169.00 and gave the stock a "neutral" rating in a research note on Friday, January 24th. Barclays lifted their price target on shares of Discover Financial Services from $186.00 to $209.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Finally, Royal Bank of Canada increased their price objective on Discover Financial Services from $193.00 to $210.00 and gave the company a "sector perform" rating in a report on Friday, January 24th. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $186.46.

Discover Financial Services Price Performance

NYSE DFS traded up $6.46 during trading on Wednesday, reaching $202.74. The company's stock had a trading volume of 1,233,388 shares, compared to its average volume of 1,605,605. The firm has a fifty day moving average of $185.51 and a 200 day moving average of $161.88. Discover Financial Services has a one year low of $118.74 and a one year high of $205.76. The stock has a market capitalization of $50.95 billion, a PE ratio of 12.70, a P/E/G ratio of 0.60 and a beta of 1.46. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.03.

Discover Financial Services (NYSE:DFS - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share for the quarter, topping 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%. Analysts expect that Discover Financial Services will post 13.84 EPS for the current fiscal 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 given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Friday, May 23rd. Discover Financial Services's dividend payout ratio (DPR) is currently 17.54%.

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.