US Bancorp DE Buys 308 Shares of Discover Financial Services (NYSE:DFS)

US Bancorp DE boosted its stake in shares of Discover Financial Services (NYSE:DFS) by 0.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 39,695 shares of the financial services provider’s stock after acquiring an additional 308 shares during the quarter. US Bancorp DE’s holdings in Discover Financial Services were worth $5,569,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new position in Discover Financial Services during the 2nd quarter valued at about $26,000. DiNuzzo Private Wealth Inc. lifted its position in Discover Financial Services by 506.5% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 157 shares during the period. Y.D. More Investments Ltd lifted its position in 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 valued at $29,000 after purchasing an additional 133 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position in 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 valued at $30,000 after purchasing an additional 95 shares during the period. Finally, Larson Financial Group LLC lifted 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 valued at $33,000 after purchasing an additional 195 shares during the period. Institutional investors own 86.94% of the company’s stock.

Discover Financial Services Trading Up 1.9 %

DFS opened at $151.30 on Monday. Discover Financial Services has a twelve month low of $82.15 and a twelve month high of $157.06. The company has a 50-day simple moving average of $140.58 and a 200 day simple moving average of $132.89. The company has a quick ratio of 1.04, a current ratio of 1.08 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $37.99 billion, a price-to-earnings ratio of 12.21, a P/E/G ratio of 0.96 and a beta of 1.41.

Discover Financial Services (NYSE:DFS) last posted its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share for the quarter, topping the consensus estimate of $3.28 by $0.41. The business had revenue of $5.91 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Discover Financial Services had a net margin of 13.78% and a return on equity of 21.38%. During the same quarter in the prior year, the business posted $2.59 earnings per share. Analysts predict that Discover Financial Services will post 13.28 EPS for the current fiscal year.

Discover Financial Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Thursday, November 21st. Discover Financial Services’s payout ratio is 22.60%.

Analyst Ratings Changes

A number of analysts recently weighed in on DFS shares. JPMorgan Chase & Co. increased their price target on shares of Discover Financial Services from $132.00 to $135.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Wells Fargo & Company increased their price target on shares of Discover Financial Services from $152.00 to $160.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Royal Bank of Canada increased their price target on shares of Discover Financial Services from $148.00 to $161.00 and gave the company a “sector perform” rating in a research report on Friday, October 18th. Keefe, Bruyette & Woods increased their target price on Discover Financial Services from $145.00 to $160.00 and gave the stock an “outperform” rating in a research note on Monday, July 8th. Finally, Barclays increased their target price on Discover Financial Services from $135.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Friday, July 19th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Discover Financial Services presently has a consensus rating of “Hold” and a consensus target price of $138.81.

Discover Financial Services 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.