Thompson Siegel & Walmsley LLC acquired a new stake in shares of Discover Financial Services (NYSE:DFS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,423 shares of the financial services provider's stock, valued at approximately $2,498,000.
A number of other large investors have also recently made changes to their positions in DFS. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Discover Financial Services in the third quarter valued at $30,000. SBI Securities Co. Ltd. purchased a new stake in Discover Financial Services in the fourth quarter valued at $33,000. Grove Bank & Trust boosted its holdings in Discover Financial Services by 78.1% in the fourth quarter. Grove Bank & Trust now owns 203 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 89 shares during the last quarter. Bfsg LLC purchased a new stake in Discover Financial Services in the fourth quarter valued at $35,000. Finally, Hantz Financial Services Inc. purchased a new stake in Discover Financial Services in the fourth quarter valued at $37,000. 86.94% of the stock is owned by hedge funds and other institutional investors.
Discover Financial Services Trading Up 2.0 %
Shares of Discover Financial Services stock traded up $3.22 during mid-day trading on Wednesday, hitting $162.05. The stock had a trading volume of 2,431,961 shares, compared to its average volume of 2,007,661. The firm has a 50-day moving average of $186.78 and a two-hundred day moving average of $168.54. Discover Financial Services has a 12-month low of $119.31 and a 12-month high of $205.76. 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 firm has a market cap of $40.77 billion, a P/E ratio of 10.15, a price-to-earnings-growth ratio of 1.51 and a beta of 1.45.
Discover Financial Services (NYSE:DFS - Get Free Report) last posted its quarterly 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 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. Stockholders of record on Friday, May 23rd will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.80 annualized dividend and a dividend yield of 1.73%. Discover Financial Services's dividend payout ratio (DPR) is 17.54%.
Analyst Ratings Changes
Several equities research analysts have commented on the stock. StockNews.com lowered shares of Discover Financial Services from a "buy" rating to a "hold" rating in a report on Friday, January 24th. Truist Financial upped their price target on shares of Discover Financial Services from $233.00 to $262.00 and gave the company a "buy" rating in a report on Monday, January 27th. JPMorgan Chase & Co. upped their price target on shares of Discover Financial Services from $146.00 to $169.00 and gave the company a "neutral" rating in a report on Friday, January 24th. Keefe, Bruyette & Woods upped their price target on shares of Discover Financial Services from $170.00 to $232.00 and gave the company an "outperform" rating in a report on Monday, December 9th. Finally, Barclays upped their price objective on shares of Discover Financial Services from $186.00 to $209.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $191.91.
Read Our Latest Stock 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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