Natixis Advisors LLC Sells 47,962 Shares of Discover Financial Services (NYSE:DFS)

Natixis Advisors LLC lessened its holdings in Discover Financial Services (NYSE:DFS - Free Report) by 28.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 122,863 shares of the financial services provider's stock after selling 47,962 shares during the period. Natixis Advisors LLC's holdings in Discover Financial Services were worth $21,284,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Doheny Asset Management CA acquired a new position in Discover Financial Services during the 4th quarter worth approximately $238,000. Sienna Gestion increased its holdings in shares of Discover Financial Services by 1,146.4% during the fourth quarter. Sienna Gestion now owns 47,264 shares of the financial services provider's stock worth $8,186,000 after buying an additional 43,472 shares in the last quarter. Midwest Professional Planners LTD. lifted its stake in shares of Discover Financial Services by 0.8% in the 4th quarter. Midwest Professional Planners LTD. now owns 8,464 shares of the financial services provider's stock valued at $1,466,000 after acquiring an additional 64 shares during the last quarter. Madison Investment Advisors LLC acquired a new stake in shares of Discover Financial Services during the 4th quarter valued at $493,000. Finally, Thompson Siegel & Walmsley LLC bought a new stake in Discover Financial Services during the 4th quarter worth $2,498,000. Institutional investors own 86.94% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. UBS Group raised Discover Financial Services from a "neutral" rating to a "buy" rating and lifted their price target for the company from $150.00 to $239.00 in a research note on Monday, January 13th. Barclays lifted their target price on shares of 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 cut shares of Discover Financial Services from a "buy" rating to a "hold" rating in a research report on Friday, January 24th. Wells Fargo & Company boosted their price objective on shares of Discover Financial Services from $185.00 to $214.00 and gave the stock an "equal weight" rating in a research note 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 for the company in a report on Friday. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Discover Financial Services currently has a consensus rating of "Hold" and a consensus price target of $188.00.

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Discover Financial Services Trading Up 0.3 %

DFS stock traded up $0.43 during mid-day trading on Friday, reaching $164.90. The company's stock had a trading volume of 1,942,329 shares, compared to its average volume of 1,409,399. Discover Financial Services has a 12 month low of $119.31 and a 12 month high of $205.76. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. The business's 50 day moving average price is $186.28 and its 200 day moving average price is $168.46. The company has a market cap of $41.49 billion, a price-to-earnings ratio of 10.33, a price-to-earnings-growth ratio of 1.51 and a beta of 1.45.

Discover Financial Services (NYSE:DFS - Get Free Report) last released its quarterly earnings data 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, equities research analysts predict that Discover Financial Services will post 13.88 EPS for the current year.

Discover Financial Services Announces Dividend

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 issued 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 1.70%. Discover Financial Services's dividend payout ratio is currently 17.54%.

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.