American Century Companies Inc. Sells 126,870 Shares of Discover Financial Services (NYSE:DFS)

American Century Companies Inc. decreased its holdings in Discover Financial Services (NYSE:DFS – Free Report) by 63.0% during the 4th quarter, according to the company in its most recent filing with the SEC.

The fund owned 74,515 shares of the financial services provider’s stock after selling 126,870 shares during the period. American Century Companies Inc.’s holdings in Discover Financial Services were worth $12,908,000 as of its most recent SEC filing.



A number of other institutional investors also recently modified their holdings of DFS. State Street Corp raised its stake in Discover Financial Services by 0.8% during the third quarter.

State Street Corp now owns 10,498,044 shares of the financial services provider’s stock worth $1,472,771,000 after acquiring an additional 80,601 shares in the last quarter. C2P Capital Advisory Group LLC d.b.

a. Prosperity Capital Advisors bought a new stake in shares of Discover Financial Services during the 4th quarter valued at approximately $351,766,000. Charles Schwab Investment Management Inc.

increased its position in Discover Financial Services by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc.

now owns 1,738,804 shares of the financial services provider’s stock worth $301,213,000 after purchasing an additional 10,528 shares in the last quarter. KBC Group NV lifted its stake in Discover Financial Services by 19.0% in the 4th quarter.

KBC Group NV now owns 924,033 shares of the financial services provider’s stock valued at $160,070,000 after purchasing an additional 147,558 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in Discover Financial Services by 0.

6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 561,822 shares of the financial services provider’s stock valued at $97,324,000 after buying an additional 3,134 shares in the last quarter.

Institutional investors and hedge funds own 86.94% of the company’s stock. Discover Financial Services Stock PerformanceShares of DFS opened at $170.

32 on Wednesday. The firm’s fifty day simple moving average is $183.68 and its two-hundred day simple moving average is $170.

89. Discover Financial Services has a 12 month low of $119.31 and a 12 month high of $205.

76. The company has a current ratio of 1.09, a quick ratio of 1.

03 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $42.

85 billion, a P/E ratio of 10.67, a price-to-earnings-growth ratio of 1.51 and a beta of 1.

45. Discover Financial Services (NYSE:DFS – Get Free Report) last released 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 return on equity of 26.18% and a net margin of 17.29%.

As a group, analysts predict that Discover Financial Services will post 13.88 EPS for the current year. Discover Financial Services Announces DividendThe business also recently announced a quarterly dividend, which will be paid on Friday, June 6th.

Investors of record on Friday, May 23rd will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, May 23rd.

This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.64%.

Discover Financial Services’s payout ratio is presently 17.54%. Analysts Set New Price TargetsA number of research analysts have recently commented on DFS shares.

Barclays increased their price target on Discover Financial Services from $186.00 to $209.00 and gave the company an “overweight” rating in a research note on Friday, January 24th.

Keefe, Bruyette & Woods lifted their price target on Discover Financial Services from $170.00 to $232.00 and gave the company an “outperform” rating in a research note on Monday, December 9th.

StockNews.com downgraded Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Friday, January 24th. UBS Group upgraded shares of 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 report on Monday, January 13th. Finally, Royal Bank of Canada boosted their target price on shares of Discover Financial Services from $193.

00 to $210.00 and gave the stock a “sector perform” rating in a report on Friday, January 24th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock.

According to MarketBeat, Discover Financial Services presently has a consensus rating of “Hold” and an average price target of $192.40.Read Our Latest Stock Report on Discover Financial ServicesDiscover Financial Services Profile (Free Report)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.Read MoreFive stocks we like better than Discover Financial ServicesWhy Are These Companies Considered Blue Chips?D-Wave: Multiple Use Cases Emerge Following Quantum SupremacyWhy Invest in 5G? How to Invest in 5G Stocks Amazon Falls Back to a Key Support Line: Here’s How to Play ItWhat is the Nikkei 225 index? Buffett Trims Equities, But Still Keeps Buying This Stock.