Vest Financial LLC Sells 2,623 Shares of Discover Financial Services (NYSE:DFS)

Vest Financial LLC trimmed its position in shares of Discover Financial Services (NYSE:DFS - Free Report) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 187,340 shares of the financial services provider's stock after selling 2,623 shares during the quarter. Vest Financial LLC owned approximately 0.07% of Discover Financial Services worth $32,453,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. increased its position in shares of Discover Financial Services by 506.5% during 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. Grove Bank & Trust lifted its stake in shares of Discover Financial Services by 78.1% during the 4th quarter. Grove Bank & Trust now owns 203 shares of the financial services provider's stock worth $35,000 after buying an additional 89 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Discover Financial Services during the 3rd quarter worth about $30,000. Hantz Financial Services Inc. acquired a new stake in Discover Financial Services in the 4th quarter worth about $37,000. Finally, Decker Retirement Planning Inc. bought a new position in Discover Financial Services in the 4th quarter valued at about $47,000. 86.94% of the stock is owned by institutional investors.

Discover Financial Services Trading Down 3.3 %

NYSE DFS traded down $6.44 on Wednesday, reaching $188.34. 3,948,758 shares of the company were exchanged, compared to its average volume of 1,540,502. The business's fifty day moving average price is $183.87 and its 200 day moving average price is $159.97. The stock has a market capitalization of $47.33 billion, a P/E ratio of 11.80, a price-to-earnings-growth ratio of 0.63 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. Discover Financial Services has a fifty-two week low of $107.10 and a fifty-two week high of $205.76.

Discover Financial Services (NYSE:DFS - Get Free Report) last posted its earnings results 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 return on equity of 26.18% and a net margin of 17.29%. Analysts forecast that Discover Financial Services will post 13.57 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. Shareholders 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 1.49%. Discover Financial Services's dividend payout ratio (DPR) is currently 17.54%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Evercore ISI upped their price objective on shares of Discover Financial Services from $156.00 to $163.00 and gave the company an "in-line" rating in a research note on Wednesday, October 30th. StockNews.com downgraded shares of Discover Financial Services from a "buy" rating to a "hold" rating in a research note on Friday, January 24th. Royal Bank of Canada lifted their target price on shares of Discover Financial Services from $193.00 to $210.00 and gave the company a "sector perform" rating in a research report on Friday, January 24th. JPMorgan Chase & Co. lifted their target price on shares of Discover Financial Services from $146.00 to $169.00 and gave the stock a "neutral" rating in a research note on Friday, January 24th. Finally, Keefe, Bruyette & Woods boosted their target price 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. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $186.46.

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.