Discover Financial Services (NYSE:DFS) Stock Position Lowered by Primecap Management Co. CA

Primecap Management Co. CA lessened its holdings in shares of Discover Financial Services (NYSE:DFS - Free Report) by 13.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 604,903 shares of the financial services provider's stock after selling 96,840 shares during the quarter. Primecap Management Co. CA owned 0.24% of Discover Financial Services worth $104,787,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. State Street Corp lifted its holdings in Discover Financial Services by 0.8% during 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 buying an additional 80,601 shares during the last quarter. FMR LLC lifted its holdings in Discover Financial Services by 8.0% during the 3rd quarter. FMR LLC now owns 7,493,862 shares of the financial services provider's stock worth $1,051,314,000 after buying an additional 558,227 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Discover Financial Services during the 4th quarter worth approximately $351,766,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Discover Financial Services by 0.7% during 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 worth $257,391,000 after buying an additional 12,255 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in 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 buying an additional 10,528 shares during the last quarter. Institutional investors and hedge funds own 86.94% of the company's stock.

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Discover Financial Services Stock Performance

Discover Financial Services stock traded up $0.43 during mid-day trading on Friday, hitting $164.90. 1,942,331 shares of the company's stock traded hands, compared to its average volume of 1,408,346. The firm has a 50 day moving average price of $186.18 and a 200 day moving average price of $168.64. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The company has a market cap of $41.49 billion, a PE ratio of 10.33, a price-to-earnings-growth ratio of 1.51 and a beta of 1.45. Discover Financial Services has a one year low of $119.31 and a one year high of $205.76.

Discover Financial Services (NYSE:DFS - Get Free Report) last announced its earnings results 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%. On average, equities analysts forecast that Discover Financial Services will post 13.88 EPS for the current year.

Discover Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.70%. The ex-dividend date is Friday, May 23rd. Discover Financial Services's payout ratio is currently 17.54%.

Analyst Ratings Changes

A number of research analysts have commented on the company. UBS Group raised 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 report on Monday, January 13th. JPMorgan Chase & Co. increased their target price on Discover Financial Services from $146.00 to $169.00 and gave the stock a "neutral" rating in a report on Friday, January 24th. StockNews.com lowered Discover Financial Services from a "buy" rating to a "hold" rating in a research report on Friday, January 24th. Royal Bank of Canada increased their target price 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. Finally, Keefe, Bruyette & Woods raised their target price on Discover Financial Services from $170.00 to $232.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $192.40.

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; 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.