Natixis Advisors LLC Purchases 6,364 Shares of Discover Financial Services (NYSE:DFS)

Natixis Advisors LLC raised its position in Discover Financial Services (NYSE:DFS - Free Report) by 3.9% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 170,825 shares of the financial services provider's stock after purchasing an additional 6,364 shares during the period. Natixis Advisors LLC owned 0.07% of Discover Financial Services worth $23,965,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new position in shares of Discover Financial Services in the 2nd quarter worth approximately $26,000. DiNuzzo Private Wealth Inc. lifted its stake in Discover Financial Services by 506.5% during the third quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider's stock worth $26,000 after purchasing an additional 157 shares during the last quarter. Y.D. More Investments Ltd boosted its holdings in shares of Discover Financial Services by 147.8% in the 2nd quarter. Y.D. More Investments Ltd now owns 223 shares of the financial services provider's stock valued at $29,000 after buying an additional 133 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Discover Financial Services by 72.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 226 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 95 shares during the last quarter. Finally, Larson Financial Group LLC boosted its stake in Discover Financial Services by 348.2% during the 2nd quarter. Larson Financial Group LLC now owns 251 shares of the financial services provider's stock worth $33,000 after purchasing an additional 195 shares during the period. 86.94% of the stock is currently owned by hedge funds and other institutional investors.

Discover Financial Services Stock Performance

NYSE DFS traded down $0.91 on Tuesday, hitting $172.31. 291,000 shares of the stock were exchanged, compared to its average volume of 1,678,648. The company has a market capitalization of $43.26 billion, a PE ratio of 13.98, a P/E/G ratio of 1.14 and a beta of 1.41. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.08 and a quick ratio of 1.04. The business's fifty day moving average is $148.69 and its 200 day moving average is $136.41. Discover Financial Services has a 52 week low of $85.19 and a 52 week high of $188.26.

Discover Financial Services (NYSE:DFS - Get Free Report) last posted its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share for the quarter, beating analysts' consensus estimates of $3.28 by $0.41. The business had revenue of $5.91 billion for the quarter, compared to analysts' expectations of $4.36 billion. Discover Financial Services had a return on equity of 21.38% and a net margin of 13.78%. During the same quarter in the prior year, the business earned $2.59 EPS. Research analysts anticipate that Discover Financial Services will post 13.23 EPS for the current fiscal year.

Discover Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be given a $0.70 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.62%. Discover Financial Services's payout ratio is 22.60%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Evercore ISI increased their price target on shares of Discover Financial Services from $156.00 to $163.00 and gave the stock an "in-line" rating in a report on Wednesday, October 30th. StockNews.com lowered Discover Financial Services from a "buy" rating to a "hold" rating in a report on Monday, November 4th. Royal Bank of Canada raised their target price on Discover Financial Services from $148.00 to $161.00 and gave the company a "sector perform" rating in a report on Friday, October 18th. Finally, Wells Fargo & Company increased their price target on shares of Discover Financial Services from $152.00 to $160.00 and gave the company an "equal weight" rating in a report on Friday, October 18th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $138.81.

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.