Sanctuary Advisors LLC Sells 1,321 Shares of Discover Financial Services (NYSE:DFS)

Sanctuary Advisors LLC decreased its position in shares of Discover Financial Services (NYSE:DFS - Free Report) by 2.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 45,154 shares of the financial services provider's stock after selling 1,321 shares during the period. Sanctuary Advisors LLC's holdings in Discover Financial Services were worth $7,822,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in DFS. Hemington Wealth Management increased its position in Discover Financial Services by 11.0% during the 4th quarter. Hemington Wealth Management now owns 503 shares of the financial services provider's stock valued at $87,000 after buying an additional 50 shares in the last quarter. UMB Bank n.a. raised its position in shares of Discover Financial Services by 0.6% in the 4th quarter. UMB Bank n.a. now owns 9,248 shares of the financial services provider's stock worth $1,602,000 after purchasing an additional 56 shares during the last quarter. Stratos Wealth Partners LTD. raised its position in shares of Discover Financial Services by 0.9% in the 4th quarter. Stratos Wealth Partners LTD. now owns 6,158 shares of the financial services provider's stock worth $1,067,000 after purchasing an additional 57 shares during the last quarter. Invst LLC boosted its stake in Discover Financial Services by 0.9% in the 3rd quarter. Invst LLC now owns 7,253 shares of the financial services provider's stock worth $1,018,000 after purchasing an additional 62 shares in the last quarter. Finally, CTC Alternative Strategies Ltd. grew its position in Discover Financial Services by 3.2% during the 3rd quarter. CTC Alternative Strategies Ltd. now owns 2,047 shares of the financial services provider's stock valued at $287,000 after purchasing an additional 63 shares during the last quarter. Institutional investors own 86.94% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DFS. 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 note on Monday, January 13th. Barclays increased their target price 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. Truist Financial upped their price target on Discover Financial Services from $233.00 to $262.00 and gave the company a "buy" rating in a report on Monday, January 27th. Evercore ISI lifted their price objective on Discover Financial Services from $156.00 to $163.00 and gave the stock an "in-line" rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company raised their price target on shares of Discover Financial Services from $185.00 to $214.00 and gave the company an "equal weight" rating in a report on Friday, January 24th. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Discover Financial Services presently has an average rating of "Hold" and an average price target of $186.46.

Discover Financial Services Price Performance

Shares of DFS traded down $6.25 during trading hours on Friday, reaching $193.65. 887,742 shares of the stock traded hands, compared to its average volume of 1,602,914. The company has a market cap of $48.67 billion, a P/E ratio of 12.13, a price-to-earnings-growth ratio of 1.53 and a beta of 1.46. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. The company's 50-day moving average price is $186.51 and its two-hundred day moving average price is $162.43. Discover Financial Services has a 52-week low of $118.74 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 return on equity of 26.18% and a net margin of 17.29%. On average, analysts anticipate that Discover Financial Services will post 13.88 earnings per share for the current year.

Discover Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Friday, May 23rd. Discover Financial Services's dividend payout ratio (DPR) is presently 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.