Capital International Inc. CA Has $8.09 Million Stake in Discover Financial Services (NYSE:DFS)

Capital International Inc. CA raised its position in shares of Discover Financial Services (NYSE:DFS) by 20.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 61,747 shares of the financial services provider’s stock after acquiring an additional 10,363 shares during the period. Capital International Inc. CA’s holdings in Discover Financial Services were worth $8,094,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Partnership Wealth Management LLC acquired a new stake in shares of Discover Financial Services during the fourth quarter worth approximately $25,000. Riverview Trust Co acquired a new stake in shares of Discover Financial Services during the first quarter worth approximately $34,000. MeadowBrook Investment Advisors LLC acquired a new stake in shares of Discover Financial Services during the fourth quarter worth approximately $31,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Discover Financial Services during the fourth quarter worth approximately $35,000. Finally, J.Safra Asset Management Corp increased its holdings in shares of Discover Financial Services by 76.7% during the first quarter. J.Safra Asset Management Corp now owns 311 shares of the financial services provider’s stock worth $41,000 after buying an additional 135 shares in the last quarter. Institutional investors and hedge funds own 86.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DFS. StockNews.com began coverage on shares of Discover Financial Services in a report on Tuesday. They issued a “hold” rating for the company. BTIG Research began coverage on shares of Discover Financial Services in a report on Friday, June 7th. They issued a “neutral” rating for the company. Royal Bank of Canada raised their price target on shares of Discover Financial Services from $140.00 to $148.00 and gave the company a “sector perform” rating in a report on Friday, July 19th. Keefe, Bruyette & Woods raised their price target on shares of Discover Financial Services from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Monday, July 8th. Finally, Wells Fargo & Company raised their price target on shares of Discover Financial Services from $105.00 to $135.00 and gave the company an “equal weight” rating in a report on Wednesday, April 10th. Thirteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Discover Financial Services presently has an average rating of “Hold” and a consensus price target of $131.33.

Discover Financial Services Stock Up 0.5 %

DFS stock traded up $0.67 during midday trading on Friday, hitting $142.29. The company’s stock had a trading volume of 827,830 shares, compared to its average volume of 1,825,082. The stock has a market capitalization of $35.68 billion, a P/E ratio of 16.22, a PEG ratio of 0.93 and a beta of 1.44. The company’s fifty day moving average price is $128.95 and its 200 day moving average price is $122.28. Discover Financial Services has a twelve month low of $79.04 and a twelve month high of $147.61. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.07 and a quick ratio of 1.12.

Discover Financial Services (NYSE:DFS) last released its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $6.06 earnings per share for the quarter, topping the consensus estimate of $3.06 by $3.00. The company had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.18 billion. Discover Financial Services had a net margin of 12.88% and a return on equity of 20.53%. Discover Financial Services’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period in the previous year, the business earned $3.54 EPS. As a group, equities research analysts predict that Discover Financial Services will post 12.23 EPS for the current year.

Discover Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 22nd will be paid a dividend of $0.70 per share. The ex-dividend date is Thursday, August 22nd. This represents a $2.80 annualized dividend and a dividend yield of 1.97%. Discover Financial Services’s dividend payout ratio is presently 31.93%.

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; private student loans, 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.