Caprock Group LLC Has $948,000 Stock Position in Discover Financial Services (NYSE:DFS)

Caprock Group LLC decreased its holdings in Discover Financial Services (NYSE:DFS) by 2.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 6,756 shares of the financial services provider’s stock after selling 158 shares during the quarter. Caprock Group LLC’s holdings in Discover Financial Services were worth $948,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Cooke & Bieler LP grew its stake in shares of Discover Financial Services by 5.1% during the second quarter. Cooke & Bieler LP now owns 1,281,950 shares of the financial services provider’s stock worth $167,692,000 after buying an additional 62,595 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Discover Financial Services by 6.7% during the second quarter. Hsbc Holdings PLC now owns 1,181,333 shares of the financial services provider’s stock worth $154,064,000 after purchasing an additional 73,902 shares during the period. AustralianSuper Pty Ltd raised its position in Discover Financial Services by 0.5% during the 2nd quarter. AustralianSuper Pty Ltd now owns 1,162,495 shares of the financial services provider’s stock worth $152,066,000 after purchasing an additional 6,042 shares during the last quarter. Elser Financial Planning Inc bought a new stake in shares of Discover Financial Services in the 2nd quarter valued at about $91,044,000. Finally, Samlyn Capital LLC increased its stake in shares of Discover Financial Services by 368.0% in the second quarter. Samlyn Capital LLC now owns 646,691 shares of the financial services provider’s stock valued at $84,594,000 after buying an additional 508,504 shares during the period. 86.94% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on DFS shares. Wells Fargo & Company increased their price objective on shares of Discover Financial Services from $152.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Royal Bank of Canada raised their price objective on shares of Discover Financial Services from $148.00 to $161.00 and gave the stock a “sector perform” rating in a research report on Friday, October 18th. StockNews.com lowered shares of Discover Financial Services from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Finally, Evercore ISI increased their target price on Discover Financial Services from $156.00 to $163.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $138.81.

Discover Financial Services Price Performance

DFS opened at $175.01 on Friday. The firm has a 50-day moving average of $151.33 and a 200 day moving average of $137.26. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.04 and a current ratio of 1.08. Discover Financial Services has a fifty-two week low of $85.19 and a fifty-two week high of $188.26. The firm has a market cap of $43.94 billion, a P/E ratio of 14.12, a PEG ratio of 1.10 and a beta of 1.41.

Discover Financial Services (NYSE:DFS) last announced its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.28 by $0.41. The business had revenue of $5.91 billion for the quarter, compared to analysts’ expectations 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 period in the previous year, the business posted $2.59 EPS. On average, research analysts expect that Discover Financial Services will post 13.34 EPS for the current year.

Discover Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be issued 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 1.60%. Discover Financial Services’s dividend payout ratio (DPR) is 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.