Discover Financial Services (NYSE:DFS) Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale raised its position in Discover Financial Services (NYSE:DFS) by 4.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 61,765 shares of the financial services provider’s stock after purchasing an additional 2,403 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Discover Financial Services were worth $8,539,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new stake in Discover Financial Services in the 2nd quarter valued at about $26,000. DiNuzzo Private Wealth Inc. increased 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 worth $26,000 after purchasing an additional 157 shares in the last quarter. Y.D. More Investments Ltd raised its position 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 purchasing an additional 133 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Discover Financial Services by 72.5% in 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 buying an additional 95 shares in the last quarter. Finally, Larson Financial Group LLC grew its holdings 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 buying an additional 195 shares during the last quarter. Hedge funds and other institutional investors own 86.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Evercore ISI boosted their price target on Discover Financial Services from $156.00 to $163.00 and gave the stock an “in-line” rating in a report on Wednesday. Jefferies Financial Group boosted their target price on shares of Discover Financial Services from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. JPMorgan Chase & Co. raised their price target on shares of Discover Financial Services from $132.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. BMO Capital Markets boosted their price objective on shares of Discover Financial Services from $115.00 to $119.00 and gave the company a “market perform” rating in a research report on Friday, July 19th. Finally, Barclays upped their price objective on shares of Discover Financial Services from $135.00 to $137.00 and gave the company an “equal weight” rating in a research note on Friday, July 19th. Twelve investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $136.53.

Discover Financial Services Trading Up 2.5 %

NYSE DFS opened at $154.44 on Thursday. The stock has a market cap of $38.73 billion, a P/E ratio of 17.61, a PEG ratio of 0.94 and a beta of 1.41. The company’s fifty day simple moving average is $139.87 and its 200-day simple moving average is $132.39. The company has a current ratio of 1.12, a quick ratio of 1.04 and a debt-to-equity ratio of 1.28. Discover Financial Services has a 52 week low of $81.09 and a 52 week high of $157.06.

Discover Financial Services (NYSE:DFS) last issued its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $3.69 EPS for the quarter, topping analysts’ consensus estimates of $3.28 by $0.41. The firm had revenue of $5.91 billion for the quarter, compared to analyst estimates of $4.36 billion. Discover Financial Services had a net margin of 12.88% and a return on equity of 20.92%. During the same quarter in the previous year, the business posted $2.59 EPS. Equities research analysts predict that Discover Financial Services will post 13.15 EPS for the current fiscal year.

Discover Financial Services Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.80 dividend on an annualized basis and a yield of 1.81%. Discover Financial Services’s dividend payout ratio (DPR) is presently 31.93%.

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.