Discover Financial Services (NYSE:DFS) is Sculptor Capital LP's 4th Largest Position

Sculptor Capital LP lessened its holdings in shares of Discover Financial Services (NYSE:DFS - Free Report) by 1.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,303,522 shares of the financial services provider's stock after selling 13,100 shares during the period. Discover Financial Services makes up about 3.2% of Sculptor Capital LP's portfolio, making the stock its 4th biggest holding. Sculptor Capital LP owned about 0.52% of Discover Financial Services worth $170,514,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of DFS. Opal Wealth Advisors LLC acquired a new stake in shares of Discover Financial Services during the 2nd quarter worth approximately $26,000. Y.D. More Investments Ltd raised its position in Discover Financial Services by 147.8% in the second quarter. Y.D. More Investments Ltd now owns 223 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 133 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in shares of Discover Financial Services by 72.5% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 226 shares of the financial services provider's stock worth $30,000 after purchasing an additional 95 shares during the last quarter. Larson Financial Group LLC lifted its position in Discover Financial Services by 348.2% in the second quarter. Larson Financial Group LLC now owns 251 shares of the financial services provider's stock valued at $33,000 after buying an additional 195 shares during the last quarter. Finally, Riverview Trust Co acquired a new stake in Discover Financial Services in the 1st quarter valued at approximately $34,000. Institutional investors and hedge funds own 86.94% of the company's stock.

Discover Financial Services Stock Performance

Shares of NYSE:DFS traded up $1.00 during mid-day trading on Friday, reaching $139.33. The company had a trading volume of 308,872 shares, compared to its average volume of 1,667,721. The company's 50-day moving average price is $134.53 and its 200-day moving average price is $129.04. The firm has a market cap of $34.94 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 0.94 and a beta of 1.42. Discover Financial Services has a one year low of $79.04 and a one year high of $147.61. The company has a current ratio of 1.12, a quick ratio of 1.04 and a debt-to-equity ratio of 1.28.

Discover Financial Services (NYSE:DFS - Get Free Report) last announced its earnings results on Wednesday, July 17th. The financial services provider reported $6.06 earnings per share for the quarter, beating analysts' consensus estimates of $3.06 by $3.00. The firm had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.18 billion. Discover Financial Services had a net margin of 12.88% and a return on equity of 20.92%. The company's revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.54 EPS. As a group, equities research analysts anticipate that Discover Financial Services will post 12.88 EPS for the current fiscal year.

Discover Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 22nd were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date was Thursday, August 22nd. Discover Financial Services's dividend payout ratio (DPR) is 31.93%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. BMO Capital Markets increased their price target on shares of Discover Financial Services from $115.00 to $119.00 and gave the stock a "market perform" rating in a research report on Friday, July 19th. JPMorgan Chase & Co. boosted their target price on Discover Financial Services from $132.00 to $135.00 and gave the stock a "neutral" rating in a research note on Friday, July 19th. StockNews.com initiated coverage on shares of Discover Financial Services in a research report on Wednesday. They issued a "hold" rating for the company. Keefe, Bruyette & Woods boosted their price objective on Discover Financial Services from $145.00 to $160.00 and gave the company an "outperform" rating in a research note on Monday, July 8th. Finally, Jefferies Financial Group increased their target price on shares of Discover Financial Services from $145.00 to $150.00 and gave the stock a "buy" rating in a research note on Tuesday, July 9th. Thirteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $132.94.

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; private student loans, 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.