2 weeks Ago By ABMN Staff
Chicago Wealth Management Inc. decreased its position in Discover Financial Services ( NYSE:DFS ) by 3.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The firm owned 3,023 shares of the financial services provider’s stock after selling 100 shares during the quarter. Chicago Wealth Management Inc.’s holdings in Discover Financial Services were worth $395,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. J.Safra Asset Management Corp grew its holdings in Discover Financial Services by 24.
4% in the 2nd quarter. J.Safra Asset Management Corp now owns 387 shares of the financial services provider’s stock valued at $51,000 after buying an additional 76 shares during the last quarter.
UMB Bank n.a. grew its stake in shares of Discover Financial Services by 0.
9% in the second quarter. UMB Bank n.a.
now owns 9,139 shares of the financial services provider’s stock worth $1,195,000 after acquiring an additional 84 shares during the last quarter. Ballentine Partners LLC increased its position in Discover Financial Services by 3.1% during the first quarter.
Ballentine Partners LLC now owns 2,888 shares of the financial services provider’s stock worth $379,000 after acquiring an additional 86 shares during the period. Optas LLC increased its position in Discover Financial Services by 4.3% during the second quarter.
Optas LLC now owns 2,147 shares of the financial services provider’s stock worth $281,000 after acquiring an additional 89 shares during the period. Finally, Conning Inc. raised its stake in Discover Financial Services by 4.
1% during the 2nd quarter. Conning Inc. now owns 2,371 shares of the financial services provider’s stock valued at $310,000 after purchasing an additional 93 shares during the last quarter.
86.94% of the stock is currently owned by institutional investors and hedge funds. Discover Financial Services Stock Performance NYSE DFS opened at $139.
25 on Friday. Discover Financial Services has a 1-year low of $79.04 and a 1-year high of $147.
61. The company has a 50 day moving average of $134.48 and a 200-day moving average of $129.
19. The company has a current ratio of 1.12, a quick ratio of 1.
04 and a debt-to-equity ratio of 1.28. The firm has a market cap of $34.
92 billion, a price-to-earnings ratio of 15.88, a PEG ratio of 0.94 and a beta of 1.
42. Discover Financial Services Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 22nd were issued a $0.
70 dividend. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $2.
80 dividend on an annualized basis and a dividend yield of 2.01%. Discover Financial Services’s dividend payout ratio is 31.
93%. Wall Street Analysts Forecast Growth Several research firms have issued reports on DFS. BMO Capital Markets raised their price target on shares of Discover Financial Services from $115.
00 to $119.00 and gave the stock a “market perform” rating in a research report on Friday, July 19th. JPMorgan Chase & Co.
lifted their target price on Discover Financial Services from $132.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th.
Jefferies Financial Group upped their price target on Discover Financial Services from $145.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, July 9th.
Keefe, Bruyette & Woods lifted their price objective on Discover Financial Services from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Monday, July 8th.
Finally, BTIG Research initiated coverage on Discover Financial Services in a research note on Friday, June 7th. They issued a “neutral” rating for the company. Thirteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock.
Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $132.94. Read Our Latest Stock Analysis on DFS Discover 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; private student loans, 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 More Want to see what other hedge funds are holding DFS? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Discover Financial Services ( NYSE:DFS – Free Report ). Receive News & Ratings for Discover Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discover Financial Services and related companies with MarketBeat.com's FREE daily email newsletter .
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