UniSuper Management Pty Ltd Sells 2,838 Shares of Discover Financial Services (NYSE:DFS)

UniSuper Management Pty Ltd decreased its position in Discover Financial Services (NYSE:DFS - Free Report) by 12.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,842 shares of the financial services provider's stock after selling 2,838 shares during the quarter. UniSuper Management Pty Ltd's holdings in Discover Financial Services were worth $3,610,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Mint Tower Capital Management B.V. lifted its stake in Discover Financial Services by 354.2% in the 4th quarter. Mint Tower Capital Management B.V. now owns 12,708 shares of the financial services provider's stock valued at $2,201,000 after acquiring an additional 17,708 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Discover Financial Services by 8.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 395,378 shares of the financial services provider's stock valued at $69,610,000 after purchasing an additional 30,624 shares during the last quarter. Korea Investment CORP raised its holdings in shares of Discover Financial Services by 16.0% in the fourth quarter. Korea Investment CORP now owns 249,587 shares of the financial services provider's stock valued at $43,236,000 after purchasing an additional 34,381 shares during the last quarter. Banco BTG Pactual S.A. bought a new stake in shares of Discover Financial Services in the fourth quarter worth $449,000. Finally, Financial Engines Advisors L.L.C. boosted its holdings in Discover Financial Services by 63.0% during the fourth quarter. Financial Engines Advisors L.L.C. now owns 4,592 shares of the financial services provider's stock worth $795,000 after purchasing an additional 1,774 shares during the last quarter. Institutional investors and hedge funds own 86.94% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Wells Fargo & Company lifted 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 research note on Friday, January 24th. Barclays upped their target price on Discover Financial Services from $186.00 to $209.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. UBS Group upgraded Discover Financial Services from a "neutral" rating to a "buy" rating and raised their price target for the company from $150.00 to $239.00 in a research note on Monday, January 13th. Keefe, Bruyette & Woods upped their price objective on Discover Financial Services from $170.00 to $232.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. Finally, Truist Financial decreased their target price on shares of 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. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Discover Financial Services has an average rating of "Hold" and a consensus target price of $192.40.

Discover Financial Services Stock Performance

Shares of NYSE DFS traded down $1.37 during mid-day trading on Tuesday, reaching $169.33. 1,243,599 shares of the company were exchanged, compared to its average volume of 1,516,542. The stock has a market capitalization of $42.60 billion, a P/E ratio of 10.58, a P/E/G ratio of 1.51 and a beta of 1.45. 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 company's 50-day simple moving average is $184.07 and its 200-day simple moving average is $170.62. Discover Financial Services has a twelve month low of $119.31 and a twelve month high of $205.76.

Discover Financial Services (NYSE:DFS - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share (EPS) for the quarter, topping 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, research analysts predict that Discover Financial Services will post 13.88 earnings per share for the current year.

Discover Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.65%. The ex-dividend date is Friday, May 23rd. Discover Financial Services's payout ratio is 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.