Rockefeller Capital Management L.P. Sells 3,926 Shares of Discover Financial Services (NYSE:DFS)

Rockefeller Capital Management L.P. decreased its stake in shares of Discover Financial Services (NYSE:DFS - Free Report) by 9.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 39,744 shares of the financial services provider's stock after selling 3,926 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Discover Financial Services were worth $6,867,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of DFS. Norges Bank purchased a new position in shares of Discover Financial Services during the fourth quarter valued at approximately $724,720,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of Discover Financial Services during the fourth quarter valued at approximately $351,766,000. Invesco Ltd. lifted its holdings in Discover Financial Services by 38.5% during the fourth quarter. Invesco Ltd. now owns 2,974,471 shares of the financial services provider's stock worth $515,268,000 after acquiring an additional 826,287 shares during the period. Bank of Nova Scotia boosted its position in Discover Financial Services by 208.9% in the fourth quarter. Bank of Nova Scotia now owns 561,405 shares of the financial services provider's stock worth $97,252,000 after purchasing an additional 379,673 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Discover Financial Services by 0.9% during 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 during the last quarter. Institutional investors own 86.94% of the company's stock.

Wall Street Analyst Weigh In

DFS has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered their price target on Discover Financial Services from $169.00 to $129.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. StockNews.com lowered shares of Discover Financial Services from a "buy" rating to a "hold" rating in a report on Tuesday. UBS Group upgraded shares of Discover Financial Services from a "neutral" rating to a "buy" rating and upped their target price for the stock from $150.00 to $239.00 in a research report on Monday, January 13th. Truist Financial dropped their price target 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. Finally, Wells Fargo & Company boosted their target price on Discover Financial Services from $185.00 to $214.00 and gave the stock an "equal weight" rating in a research report on Friday, January 24th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $188.40.

Discover Financial Services Stock Up 2.3 %

DFS stock traded up $3.60 during midday trading on Friday, hitting $159.91. The stock had a trading volume of 1,106,264 shares, compared to its average volume of 1,574,548. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.03. The firm has a market cap of $40.23 billion, a price-to-earnings ratio of 10.02, a price-to-earnings-growth ratio of 1.51 and a beta of 1.20. The business has a 50-day moving average of $171.42 and a two-hundred day moving average of $172.58. Discover Financial Services has a 52-week low of $119.95 and a 52-week high of $205.76.

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 EPS for the quarter, beating the consensus estimate of $3.13 by $1.98. Discover Financial Services had a net margin of 17.29% and a return on equity of 26.18%. As a group, equities research analysts forecast that Discover Financial Services will post 13.88 earnings per share for the current fiscal year.

Discover Financial Services Announces Dividend

The business 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 $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.75%. The ex-dividend date is Friday, May 23rd. Discover Financial Services's dividend payout ratio is currently 17.54%.

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.