Discover Financial Services (NYSE:DFS) Stock Holdings Lifted by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA boosted its stake in Discover Financial Services (NYSE:DFS - Free Report) by 12.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,325 shares of the financial services provider's stock after acquiring an additional 15,574 shares during the period. Pictet Asset Management Holding SA owned 0.06% of Discover Financial Services worth $25,175,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Discover Financial Services by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 31,045,208 shares of the financial services provider's stock valued at $5,377,961,000 after purchasing an additional 290,937 shares in the last quarter. State Street Corp raised its stake in Discover Financial Services by 0.8% during the third quarter. State Street Corp now owns 10,498,044 shares of the financial services provider's stock valued at $1,472,771,000 after buying an additional 80,601 shares in the last quarter. Norges Bank bought a new position in Discover Financial Services during the 4th quarter worth approximately $724,720,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Discover Financial Services in the 4th quarter worth approximately $351,766,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Discover Financial Services by 0.6% in the fourth 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 during the period. 86.94% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

DFS has been the subject of several research reports. Royal Bank of Canada lifted their price target on shares of Discover Financial Services from $193.00 to $210.00 and gave the company a "sector perform" rating in a report on Friday, January 24th. Barclays boosted their price objective 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. UBS Group upgraded Discover Financial Services from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $150.00 to $239.00 in a research note on Monday, January 13th. Truist Financial cut their price objective 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. Finally, StockNews.com cut shares of Discover Financial Services from a "buy" rating to a "hold" rating in a research report on Wednesday. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Discover Financial Services presently has an average rating of "Hold" and an average target price of $192.40.

Discover Financial Services Price Performance

DFS traded down $14.79 during trading on Thursday, reaching $161.15. The stock had a trading volume of 6,114,261 shares, compared to its average volume of 1,542,196. Discover Financial Services has a 1-year low of $119.31 and a 1-year high of $205.76. The firm has a market capitalization of $40.55 billion, a price-to-earnings ratio of 10.10, a price-to-earnings-growth ratio of 1.51 and a beta of 1.45. The stock has a 50 day moving average of $183.24 and a two-hundred day moving average of $170.92. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 1.09.

Discover Financial Services (NYSE:DFS - Get Free Report) last announced 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 return on equity of 26.18% and a net margin of 17.29%. As a group, equities analysts anticipate that Discover Financial Services will post 13.88 EPS for the current fiscal year.

Discover Financial Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Friday, May 23rd. Discover Financial Services's payout ratio is 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.