9,369 Shares in Discover Financial Services (NYSE:DFS) Purchased by SVB Wealth LLC

SVB Wealth LLC purchased a new position in Discover Financial Services (NYSE:DFS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 9,369 shares of the financial services provider's stock, valued at approximately $1,623,000.

Several other large investors have also made changes to their positions in DFS. Dynasty Wealth Management LLC grew its stake in Discover Financial Services by 11.1% during the fourth quarter. Dynasty Wealth Management LLC now owns 11,413 shares of the financial services provider's stock valued at $1,977,000 after acquiring an additional 1,142 shares in the last quarter. Parkside Financial Bank & Trust grew its position in shares of Discover Financial Services by 8.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,848 shares of the financial services provider's stock valued at $320,000 after purchasing an additional 137 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Discover Financial Services in the fourth quarter worth about $36,219,000. Mn Services Vermogensbeheer B.V. lifted its position in shares of Discover Financial Services by 4.2% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 99,900 shares of the financial services provider's stock worth $17,306,000 after buying an additional 4,000 shares in the last quarter. Finally, Equity Investment Corp bought a new position in Discover Financial Services during the fourth quarter valued at approximately $235,000. 86.94% of the stock is currently owned by hedge funds and other institutional investors.

Discover Financial Services Trading Down 3.9 %

Shares of DFS traded down $7.03 during trading hours on Thursday, reaching $173.91. 795,938 shares of the company traded hands, compared to its average volume of 1,340,902. The stock's fifty day moving average price is $189.27 and its 200 day moving average price is $166.62. 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 firm has a market cap of $43.76 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 1.51 and a beta of 1.46. Discover Financial Services has a 12-month low of $118.74 and a 12-month high of $205.76.

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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 analysts' consensus estimates of $3.13 by $1.98. Discover Financial Services had a net margin of 17.29% and a return on equity of 26.18%. Sell-side analysts forecast that Discover Financial Services will post 13.88 earnings per share for the current year.

Discover Financial Services Announces Dividend

The company also recently declared 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. The ex-dividend date is Friday, May 23rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.61%. Discover Financial Services's payout ratio is 17.54%.

Analyst Ratings Changes

DFS has been the subject of a number of recent research reports. Royal Bank of Canada boosted their price target on shares of 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. JPMorgan Chase & Co. boosted their target price on shares of 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 downgraded shares of Discover Financial Services from a "buy" rating to a "hold" rating in a report on Friday, January 24th. Wells Fargo & Company lifted their price target 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. Finally, Barclays upped 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. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $191.91.

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.