UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 12,255 Shares of Discover Financial Services (NYSE:DFS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Discover Financial Services (NYSE:DFS - Free Report) by 0.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,834,705 shares of the financial services provider's stock after acquiring an additional 12,255 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.73% of Discover Financial Services worth $257,391,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of DFS. Opal Wealth Advisors LLC bought a new stake in shares of Discover Financial Services in the 2nd quarter worth approximately $26,000. DiNuzzo Private Wealth Inc. boosted its holdings in Discover Financial Services by 506.5% in the third quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider's stock worth $26,000 after acquiring an additional 157 shares in the last quarter. Y.D. More Investments Ltd grew its stake in shares of Discover Financial Services by 147.8% in the second quarter. Y.D. More Investments Ltd now owns 223 shares of the financial services provider's stock worth $29,000 after acquiring an additional 133 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Discover Financial Services by 72.5% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 226 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 95 shares in the last quarter. Finally, Larson Financial Group LLC raised its position in shares of Discover Financial Services by 348.2% in the 2nd quarter. Larson Financial Group LLC now owns 251 shares of the financial services provider's stock worth $33,000 after purchasing an additional 195 shares during the last quarter. Institutional investors own 86.94% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Royal Bank of Canada raised their price objective on shares of Discover Financial Services from $148.00 to $161.00 and gave the company a "sector perform" rating in a research note on Friday, October 18th. Evercore ISI boosted their price objective on shares of Discover Financial Services from $156.00 to $163.00 and gave the stock an "in-line" rating in a report on Wednesday, October 30th. StockNews.com cut Discover Financial Services from a "buy" rating to a "hold" rating in a research report on Monday, November 4th. Finally, Wells Fargo & Company lifted their target price on Discover Financial Services from $152.00 to $160.00 and gave the stock an "equal weight" rating in a report on Friday, October 18th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Discover Financial Services currently has a consensus rating of "Hold" and a consensus price target of $138.81.

Discover Financial Services Price Performance

Shares of NYSE:DFS traded down $0.13 during trading on Friday, hitting $182.43. 577,901 shares of the company's stock were exchanged, compared to its average volume of 1,675,969. The business's 50-day simple moving average is $156.66 and its 200 day simple moving average is $139.67. The company has a market cap of $45.80 billion, a price-to-earnings ratio of 14.72, a PEG ratio of 1.17 and a beta of 1.41. Discover Financial Services has a 52-week low of $89.58 and a 52-week high of $188.26. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.08 and a quick ratio of 1.04.

Discover Financial Services (NYSE:DFS - Get Free Report) last announced its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.28 by $0.41. Discover Financial Services had a net margin of 13.78% and a return on equity of 21.38%. The business had revenue of $5.91 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same period last year, the firm posted $2.59 EPS. As a group, equities analysts predict that Discover Financial Services will post 13.34 EPS for the current year.

Discover Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Thursday, November 21st. Discover Financial Services's payout ratio is currently 22.60%.

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.