Vinva Investment Management Ltd Invests $1.56 Million in Discover Financial Services (NYSE:DFS)

Vinva Investment Management Ltd acquired a new stake in Discover Financial Services (NYSE:DFS - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,196 shares of the financial services provider's stock, valued at approximately $1,559,000.

A number of other hedge funds have also added to or reduced their stakes in DFS. FMR LLC grew its stake in shares of Discover Financial Services by 8.0% during the third quarter. FMR LLC now owns 7,493,862 shares of the financial services provider's stock worth $1,051,314,000 after buying an additional 558,227 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Discover Financial Services by 0.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,834,705 shares of the financial services provider's stock worth $257,391,000 after buying an additional 12,255 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Discover Financial Services by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,728,276 shares of the financial services provider's stock worth $242,460,000 after buying an additional 7,751 shares during the last quarter. Cooke & Bieler LP grew its stake in shares of Discover Financial Services by 5.1% during the second quarter. Cooke & Bieler LP now owns 1,281,950 shares of the financial services provider's stock worth $167,692,000 after buying an additional 62,595 shares during the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of Discover Financial Services by 6.7% during the second quarter. Hsbc Holdings PLC now owns 1,181,333 shares of the financial services provider's stock worth $154,064,000 after buying an additional 73,902 shares during the last quarter. 86.94% of the stock is owned by institutional investors.

Discover Financial Services Trading Down 0.1 %

DFS stock traded down $0.13 during midday trading on Friday, hitting $182.43. The stock had a trading volume of 577,901 shares, compared to its average volume of 1,675,969. The firm has a market cap of $45.80 billion, a P/E ratio of 14.72, a price-to-earnings-growth ratio of 1.17 and a beta of 1.41. The company has a current ratio of 1.08, a quick ratio of 1.04 and a debt-to-equity ratio of 1.28. Discover Financial Services has a 1-year low of $89.58 and a 1-year high of $188.26. The business has a fifty day moving average price of $156.66 and a two-hundred day moving average price of $139.67.

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 for the quarter, beating the consensus estimate 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 firm had revenue of $5.91 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same quarter in the prior year, the business earned $2.59 earnings per share. On average, sell-side analysts predict that Discover Financial Services will post 13.34 earnings per share for the current fiscal year.

Discover Financial Services Dividend Announcement

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

Analyst Ratings Changes

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

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.