Nomura Asset Management Co. Ltd. lowered its position in Discover Financial Services (NYSE:DFS - Free Report) by 5.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 109,332 shares of the financial services provider's stock after selling 6,155 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in Discover Financial Services were worth $18,940,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of DFS. Point72 Asia Singapore Pte. Ltd. acquired a new position in Discover Financial Services in the third quarter worth about $30,000. SBI Securities Co. Ltd. bought a new stake in shares of Discover Financial Services in the 4th quarter valued at approximately $33,000. Flagship Wealth Advisors LLC acquired a new position in shares of Discover Financial Services in the 4th quarter worth approximately $34,000. Grove Bank & Trust lifted its position in shares of Discover Financial Services by 78.1% during the 4th quarter. Grove Bank & Trust now owns 203 shares of the financial services provider's stock worth $35,000 after buying an additional 89 shares during the period. Finally, Bfsg LLC acquired a new stake in Discover Financial Services in the 4th quarter valued at $35,000. Institutional investors and hedge funds own 86.94% of the company's stock.
Discover Financial Services Trading Down 12.5 %
Shares of DFS traded down $22.08 during trading hours on Thursday, hitting $153.86. 748,077 shares of the stock traded hands, compared to its average volume of 1,521,095. The business has a fifty day moving average of $183.24 and a 200-day moving average of $170.92. The firm has a market capitalization of $38.71 billion, a PE ratio of 9.64, a price-to-earnings-growth ratio of 1.51 and a beta of 1.45. Discover Financial Services has a 1-year low of $119.31 and a 1-year 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.
Discover Financial Services (NYSE:DFS - Get Free Report) last released its earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 13.88 EPS for the current year.
Discover Financial Services Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.80 dividend on an annualized basis and a yield of 1.82%. Discover Financial Services's payout ratio is presently 17.54%.
Analysts Set New Price Targets
DFS has been the subject of several recent analyst reports. Barclays increased their price objective on Discover Financial Services from $186.00 to $209.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. UBS Group upgraded shares of Discover Financial Services from a "neutral" rating to a "buy" rating and increased their target price for the stock from $150.00 to $239.00 in a research report on Monday, January 13th. Truist Financial reduced their price target on shares of Discover Financial Services from $262.00 to $219.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Wells Fargo & Company raised 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 report on Friday, January 24th. Finally, StockNews.com downgraded Discover Financial Services from a "buy" rating to a "hold" rating in a research report on Wednesday. Seven investment 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 currently has an average rating of "Hold" and a consensus target price of $192.40.
Check Out Our Latest Analysis on DFS
About Discover Financial Services
(
Free Report)
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.
Featured Stories
Before you consider Discover Financial Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Discover Financial Services wasn't on the list.
While Discover Financial Services currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
