Kingsview Wealth Management LLC Has $233,000 Stock Position in Discover Financial Services (NYSE:DFS)

Kingsview Wealth Management LLC increased its stake in Discover Financial Services (NYSE:DFS) by 7.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,664 shares of the financial services provider’s stock after buying an additional 119 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Discover Financial Services were worth $233,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Eagle Bluffs Wealth Management LLC lifted its stake in Discover Financial Services by 0.5% in the third quarter. Eagle Bluffs Wealth Management LLC now owns 14,501 shares of the financial services provider’s stock valued at $2,034,000 after acquiring an additional 67 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in Discover Financial Services by 27.4% in 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 last quarter. Inlet Private Wealth LLC grew its holdings in Discover Financial Services by 2.4% during the third quarter. Inlet Private Wealth LLC now owns 3,185 shares of the financial services provider’s stock worth $447,000 after purchasing an additional 75 shares during the period. First Trust Direct Indexing L.P. increased its position in Discover Financial Services by 0.4% during the third quarter. First Trust Direct Indexing L.P. now owns 17,664 shares of the financial services provider’s stock worth $2,478,000 after buying an additional 75 shares during the last quarter. Finally, J.Safra Asset Management Corp lifted its position in shares of Discover Financial Services by 24.4% in the second quarter. J.Safra Asset Management Corp now owns 387 shares of the financial services provider’s stock valued at $51,000 after buying an additional 76 shares during the last quarter. 86.94% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DFS has been the topic of a number of recent analyst reports. Royal Bank of Canada boosted their target price on Discover Financial Services from $148.00 to $161.00 and gave the stock a “sector perform” rating in a report on Friday, October 18th. Wells Fargo & Company increased their price objective 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. Evercore ISI lifted 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. Finally, StockNews.com cut shares of Discover Financial Services from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $138.81.

Discover Financial Services Stock Performance

DFS opened at $182.43 on Friday. 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 52-week low of $89.58 and a 52-week high of $188.26. The firm has a market cap of $45.80 billion, a P/E ratio of 14.72, a price-to-earnings-growth ratio of 1.17 and a beta of 1.41. The business’s fifty day moving average is $156.66 and its 200-day moving average is $139.67.

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, topping analysts’ consensus estimates of $3.28 by $0.41. The firm had revenue of $5.91 billion for the quarter, compared to the consensus estimate 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 period in the prior year, the company posted $2.59 earnings per share. Sell-side analysts expect that Discover Financial Services will post 13.34 EPS for the current fiscal year.

Discover Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be paid a $0.70 dividend. 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 1.53%. Discover Financial Services’s dividend payout ratio (DPR) is 22.60%.

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.