Prudential Financial Inc. trimmed its holdings in shares of Discover Financial Services (NYSE:DFS - Free Report) by 26.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 133,965 shares of the financial services provider's stock after selling 47,344 shares during the quarter. Prudential Financial Inc. owned about 0.05% of Discover Financial Services worth $23,207,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Discover Financial Services in the fourth quarter valued at approximately $33,000. Flagship Wealth Advisors LLC bought a new position in Discover Financial Services during the 4th quarter worth $34,000. Bfsg LLC acquired a new position in Discover Financial Services in the 4th quarter valued at $35,000. 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 valued at $35,000 after acquiring an additional 89 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Discover Financial Services during the 3rd quarter worth $30,000. Institutional investors own 86.94% of the company's stock.
Discover Financial Services Price Performance
Shares of DFS traded up $12.17 during trading hours on Monday, reaching $170.90. The stock had a trading volume of 4,503,141 shares, compared to its average volume of 1,517,386. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.09. Discover Financial Services has a 12 month low of $119.31 and a 12 month high of $205.76. The stock has a market capitalization of $43.00 billion, a PE ratio of 10.71, a PEG ratio of 1.51 and a beta of 1.45. The company's 50-day moving average is $184.07 and its two-hundred day moving average is $170.62.
Discover Financial Services (NYSE:DFS - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.13 by $1.98. Discover Financial Services had a return on equity of 26.18% and a net margin of 17.29%. Research analysts expect 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. Investors of record on Friday, May 23rd will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.80 annualized dividend and a yield of 1.64%. Discover Financial Services's dividend payout ratio is presently 17.54%.
Analysts Set New Price Targets
A number of research analysts recently commented on DFS shares. Barclays boosted their price target on Discover Financial Services from $186.00 to $209.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods boosted their target price on shares of Discover Financial Services from $170.00 to $232.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. StockNews.com lowered shares of Discover Financial Services from a "buy" rating to a "hold" rating in a research report on Friday, January 24th. UBS Group upgraded shares of Discover Financial Services from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $150.00 to $239.00 in a research report on Monday, January 13th. Finally, Truist Financial cut their target price on Discover Financial Services from $262.00 to $219.00 and set a "buy" rating for the company in a research note on Friday, March 21st. 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, Discover Financial Services presently has a consensus rating of "Hold" and a consensus price target of $192.40.
Get 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.
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