Park National Corp OH Sells 388 Shares of Discover Financial Services (NYSE:DFS)

Park National Corp OH cut its stake in shares of Discover Financial Services (NYSE:DFS) by 12.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,810 shares of the financial services provider’s stock after selling 388 shares during the period. Park National Corp OH’s holdings in Discover Financial Services were worth $487,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. DiNuzzo Private Wealth Inc. grew its stake in shares of 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 acquiring an additional 157 shares during the period. Y.D. More Investments Ltd boosted its position 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 purchasing an additional 133 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Discover Financial Services in the third quarter worth approximately $30,000. Pinnacle Bancorp Inc. increased its stake in shares of Discover Financial Services by 37.1% in the third quarter. Pinnacle Bancorp Inc. now owns 292 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 79 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its position in shares of Discover Financial Services by 27.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 316 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 68 shares during the period. Institutional investors own 86.94% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DFS. Evercore ISI upped their target price on shares of Discover Financial Services from $156.00 to $163.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. StockNews.com cut Discover Financial Services from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. boosted their price target on Discover Financial Services from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Monday, December 9th. Wells Fargo & Company increased their price objective on shares of Discover Financial Services from $160.00 to $185.00 and gave the company an “equal weight” rating in a report on Friday, January 3rd. Finally, Barclays raised shares of Discover Financial Services from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $137.00 to $186.00 in a report on Monday. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $160.07.

Discover Financial Services Trading Down 1.0 %

Shares of NYSE DFS opened at $175.89 on Thursday. Discover Financial Services has a 1-year low of $96.46 and a 1-year high of $188.26. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.08 and a quick ratio of 1.04. The business’s 50 day moving average is $174.36 and its two-hundred day moving average is $149.88. The stock has a market capitalization of $44.19 billion, a P/E ratio of 14.20, a PEG ratio of 1.13 and a beta of 1.46.

Discover Financial Services (NYSE:DFS) last released its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share for the quarter, beating the consensus estimate of $3.28 by $0.41. The company had revenue of $5.91 billion for the quarter, compared to analyst estimates of $4.36 billion. Discover Financial Services had a return on equity of 21.38% and a net margin of 13.78%. During the same quarter in the prior year, the firm posted $2.59 EPS. As a group, research analysts expect that Discover Financial Services will post 13.43 EPS for the current year.

Discover Financial Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were issued a $0.70 dividend. The ex-dividend date was Thursday, November 21st. This represents a $2.80 annualized dividend and a dividend yield of 1.59%. Discover Financial Services’s dividend payout ratio (DPR) is presently 22.60%.

Discover Financial Services Company 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.