YHB Investment Advisors Inc. Purchases Shares of 1,296 Discover Financial Services (NYSE:DFS)

YHB Investment Advisors Inc. acquired a new position in shares of Discover Financial Services (NYSE:DFS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,296 shares of the financial services provider's stock, valued at approximately $225,000.

Other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. increased its stake in shares of Discover Financial Services by 0.6% in the 4th quarter. UMB Bank n.a. now owns 9,248 shares of the financial services provider's stock worth $1,602,000 after acquiring an additional 56 shares in the last quarter. Invst LLC boosted its stake in shares of Discover Financial Services by 0.9% during the 3rd quarter. Invst LLC now owns 7,253 shares of the financial services provider's stock worth $1,018,000 after acquiring an additional 62 shares during the last quarter. CTC Alternative Strategies Ltd. raised its stake in shares of Discover Financial Services by 3.2% in the third quarter. CTC Alternative Strategies Ltd. now owns 2,047 shares of the financial services provider's stock worth $287,000 after buying an additional 63 shares during the period. Eagle Bluffs Wealth Management LLC raised its position in shares of Discover Financial Services by 0.5% during the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 14,501 shares of the financial services provider's stock valued at $2,034,000 after purchasing an additional 67 shares during the period. Finally, Venturi Wealth Management LLC grew its holdings in Discover Financial Services by 27.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 316 shares of the financial services provider's stock valued at $44,000 after buying an additional 68 shares in the last quarter. Institutional investors own 86.94% of the company's stock.

Discover Financial Services Stock Up 0.8 %

NYSE:DFS traded up $1.60 on Wednesday, hitting $201.13. The stock had a trading volume of 819,909 shares, compared to its average volume of 1,546,920. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 1.09. Discover Financial Services has a 52 week low of $104.08 and a 52 week high of $204.93. The business's fifty day moving average is $179.90 and its 200 day moving average is $155.83. The company has a market cap of $50.55 billion, a PE ratio of 12.60, a P/E/G ratio of 1.15 and a beta of 1.46.

Discover Financial Services (NYSE:DFS - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 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 27.52%. On average, equities research analysts expect that Discover Financial Services will post 12.82 EPS for the current fiscal year.

Discover Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Friday, May 23rd. Discover Financial Services's payout ratio is 17.54%.

Analysts Set New Price Targets

A number of research firms have commented on DFS. Evercore ISI raised their target price on shares of Discover Financial Services from $156.00 to $163.00 and gave the company an "in-line" rating in a research report on Wednesday, October 30th. StockNews.com cut shares of Discover Financial Services from a "buy" rating to a "hold" rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods raised their price target on shares of Discover Financial Services from $170.00 to $232.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. Wells Fargo & Company boosted 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 report on Friday, January 24th. Finally, UBS Group raised Discover Financial Services from a "neutral" rating to a "buy" rating and raised their price objective for the company from $150.00 to $239.00 in a research note on Monday, January 13th. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, Discover Financial Services has an average rating of "Hold" and a consensus target price of $182.64.

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.