10 hours Ago By ABMN Staff
J.W. Cole Advisors Inc.
acquired a new stake in shares of Discover Financial Services ( NYSE:DFS ) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,614 shares of the financial services provider’s stock, valued at approximately $342,000. Other hedge funds and other institutional investors have also recently modified their holdings of the company.
Opal Wealth Advisors LLC purchased a new position in shares of Discover Financial Services in the second quarter worth $26,000. Y.D.
More Investments Ltd raised its holdings in shares of Discover Financial Services by 147.8% in the second quarter. Y.
D. More Investments Ltd now owns 223 shares of the financial services provider’s stock worth $29,000 after buying an additional 133 shares during the last quarter. Whittier Trust Co.
of Nevada Inc. raised its holdings in shares of Discover Financial Services by 72.5% in the second quarter.
Whittier Trust Co. of Nevada Inc. now owns 226 shares of the financial services provider’s stock worth $30,000 after buying an additional 95 shares during the last quarter.
Larson Financial Group LLC raised its holdings in shares of Discover Financial Services by 348.2% in the second quarter. Larson Financial Group LLC now owns 251 shares of the financial services provider’s stock worth $33,000 after buying an additional 195 shares during the last quarter.
Finally, Riverview Trust Co purchased a new position in shares of Discover Financial Services in the first quarter worth $34,000. 86.94% of the stock is currently owned by institutional investors.
Analyst Ratings Changes A number of research firms have issued reports on DFS. BTIG Research began coverage on shares of Discover Financial Services in a report on Friday, June 7th. They issued a “neutral” rating for the company.
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 report on Friday, July 19th.
Keefe, Bruyette & Woods raised their price target on shares of Discover Financial Services from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Monday, July 8th.
JPMorgan Chase & Co. raised their target price on shares of Discover Financial Services from $132.00 to $135.
00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Finally, Barclays raised 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 report on Friday, July 19th. 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 MarketBeat, Discover Financial Services currently has an average rating of “Hold” and an average price target of $132.
94. Discover Financial Services Stock Down 1.1 % DFS opened at $136.
11 on Thursday. Discover Financial Services has a fifty-two week low of $79.04 and a fifty-two week high of $147.
61. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.
04 and a current ratio of 1.12. The company has a fifty day moving average of $134.
31 and a two-hundred day moving average of $128.31. The stock has a market capitalization of $34.
13 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 0.86 and a beta of 1.
42. Discover Financial Services ( NYSE:DFS – Get Free Report ) last released its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $6.
06 earnings per share for the quarter, beating 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 company had revenue of $4.54 billion during the quarter, compared to analysts’ expectations of $4.18 billion.
During the same quarter in the previous year, the company earned $3.54 earnings per share. The firm’s revenue for the quarter was up 17.
0% on a year-over-year basis. On average, research analysts expect that Discover Financial Services will post 12.87 earnings per share for the current year.
Discover Financial Services Announces Dividend The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 22nd were given a $0.70 dividend.
The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $2.80 annualized dividend and a dividend yield of 2.
06%. Discover Financial Services’s dividend payout ratio (DPR) is 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 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.
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