NEOS Investment Management LLC Acquires 3,630 Shares of Discover Financial Services (NYSE:DFS)

NEOS Investment Management LLC lifted its position in shares of Discover Financial Services (NYSE:DFS - Free Report) by 30.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,361 shares of the financial services provider's stock after purchasing an additional 3,630 shares during the period. NEOS Investment Management LLC's holdings in Discover Financial Services were worth $2,661,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in DFS. Vanguard Group Inc. lifted its holdings in shares of Discover Financial Services by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 31,045,208 shares of the financial services provider's stock worth $5,377,961,000 after buying an additional 290,937 shares in the last quarter. State Street Corp raised its stake in Discover Financial Services by 0.8% in 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 purchasing an additional 80,601 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in Discover Financial Services in the 4th quarter worth about $351,766,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Discover Financial Services by 0.7% in the 3rd 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 valued at $257,391,000 after purchasing an additional 12,255 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Discover Financial Services by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,738,804 shares of the financial services provider's stock worth $301,213,000 after purchasing an additional 10,528 shares in the last quarter. 86.94% of the stock is currently owned by institutional investors.

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Discover Financial Services Price Performance

DFS stock traded down $1.37 during trading on Tuesday, reaching $169.33. 1,243,599 shares of the company were exchanged, compared to its average volume of 1,516,567. The company has a market capitalization of $42.60 billion, a price-to-earnings ratio of 10.58, a P/E/G ratio of 1.51 and a beta of 1.45. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.03. The company has a 50-day moving average of $184.07 and a two-hundred day moving average of $170.62. Discover Financial Services has a twelve month low of $119.31 and a twelve month high of $205.76.

Discover Financial Services (NYSE:DFS - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share (EPS) 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%. As a group, equities analysts predict that Discover Financial Services will post 13.88 earnings per share for the current fiscal year.

Discover Financial Services Dividend Announcement

The company also recently declared 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. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date is Friday, May 23rd. Discover Financial Services's payout ratio is 17.54%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. UBS Group upgraded Discover Financial Services from a "neutral" rating to a "buy" rating and boosted their price target for the company from $150.00 to $239.00 in a research note on Monday, January 13th. Barclays upped their target price on Discover Financial Services from $186.00 to $209.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Royal Bank of Canada raised their price target on Discover Financial Services from $193.00 to $210.00 and gave the stock a "sector perform" rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods upped their price objective 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. Finally, JPMorgan Chase & Co. raised their target price on shares of Discover Financial Services from $146.00 to $169.00 and gave the company a "neutral" rating in a report on Friday, January 24th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on 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.