2 weeks Ago By Defense World Staff
DoubleLine ETF Adviser LP reduced its stake in shares of Discover Financial Services ( NYSE:DFS ) by 3.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,356 shares of the financial services provider’s stock after selling 153 shares during the period.
DoubleLine ETF Adviser LP’s holdings in Discover Financial Services were worth $570,000 as of its most recent SEC filing. Other large investors have also modified their holdings of the company. Opal Wealth Advisors LLC purchased a new position in shares of Discover Financial Services during the 2nd quarter worth about $26,000.
Y.D. More Investments Ltd lifted its holdings in shares of Discover Financial Services by 147.
8% during the 2nd quarter. Y.D.
More Investments Ltd now owns 223 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 133 shares during the period. Whittier Trust Co. of Nevada Inc.
lifted its holdings in shares of Discover Financial Services by 72.5% during the 2nd quarter. Whittier Trust Co.
of Nevada Inc. now owns 226 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 95 shares during the period. Larson Financial Group LLC increased its position in Discover Financial Services by 348.
2% during the 2nd quarter. Larson Financial Group LLC now owns 251 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 195 shares in the last quarter. Finally, Riverview Trust Co acquired a new stake in Discover Financial Services during the 1st quarter worth approximately $34,000.
86.94% of the stock is currently owned by hedge funds and other institutional investors. Analyst Ratings Changes A number of analysts recently issued reports on the stock.
BMO Capital Markets increased their target price 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.
Barclays increased their target price on shares of Discover Financial Services from $135.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Friday, July 19th.
BTIG Research assumed coverage on shares of Discover Financial Services in a research report on Friday, June 7th. They set a “neutral” rating for the company. StockNews.
com assumed coverage on shares of Discover Financial Services in a research report on Wednesday. They set a “hold” rating for the company. Finally, Jefferies Financial Group increased their target price on shares of Discover Financial Services from $145.
00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Thirteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock.
According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $132.94.
Discover Financial Services Stock Up 1.8 % DFS stock opened at $138.30 on Friday.
Discover Financial Services has a twelve month low of $79.04 and a twelve month high of $147.61.
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 company has a market capitalization of $34.68 billion, a P/E ratio of 15.
77, a PEG ratio of 0.94 and a beta of 1.42.
The firm has a 50 day simple moving average of $134.63 and a 200-day simple moving average of $128.98.
Discover Financial Services ( NYSE:DFS – Get Free Report ) last released its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $6.06 earnings per share for the quarter, topping analysts’ consensus estimates of $3.
06 by $3.00. Discover Financial Services had a net margin of 12.
88% and a return on equity of 20.92%. The business had revenue of $4.
54 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter last year, the company earned $3.
54 earnings per share. The business’s quarterly revenue was up 17.0% compared to the same quarter last year.
On average, equities research analysts predict that Discover Financial Services will post 12.88 earnings per share for the current fiscal year. Discover Financial Services Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th.
Investors of record on Thursday, August 22nd were paid a dividend of $0.70 per share. This represents a $2.
80 annualized dividend and a yield of 2.02%. The ex-dividend date was Thursday, August 22nd.
Discover Financial Services’s dividend payout ratio (DPR) is presently 31.93%. 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. See Also Five stocks we like better than Discover Financial Services Election Stocks: How Elections Affect the Stock Market Rocket Lab Stock Soars: Should Investors Chase the Rally? How Technical Indicators Can Help You Find Oversold Stocks KB Home Slips After Earnings: What’s Next for Homebuilders? The 3 Best Blue-Chip Stocks to Buy Now Micron Stock Soars as AI Demand Fuels Big Q4 Earnings Beat 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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