Discover Financial Services (NYSE:DFS) Stake Lowered by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC trimmed its position in shares of Discover Financial Services (NYSE:DFS) by 5.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,943 shares of the financial services provider’s stock after selling 103 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Discover Financial Services were worth $337,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. National Pension Service increased its position in Discover Financial Services by 14.8% in the 3rd quarter. National Pension Service now owns 439,756 shares of the financial services provider’s stock worth $61,693,000 after purchasing an additional 56,814 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in Discover Financial Services by 10.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 115,487 shares of the financial services provider’s stock worth $16,202,000 after buying an additional 10,946 shares during the last quarter. Brookstone Capital Management bought a new stake in Discover Financial Services in the fourth quarter worth approximately $282,000. Meyer Handelman Co. acquired a new position in shares of Discover Financial Services during the 4th quarter worth $239,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of Discover Financial Services during the 3rd quarter valued at $2,415,000. Institutional investors and hedge funds own 86.94% of the company’s stock.

Analyst Ratings Changes

DFS has been the topic of several analyst reports. UBS Group raised shares of Discover Financial Services from a “neutral” rating to a “buy” rating and increased their target price for the stock from $150.00 to $239.00 in a research report on Monday, January 13th. Evercore ISI increased their price objective on Discover Financial Services from $156.00 to $163.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Royal Bank of Canada boosted their target price on Discover Financial Services from $193.00 to $210.00 and gave the stock a “sector perform” rating in a report on Friday, January 24th. Truist Financial increased their price target on Discover Financial Services from $233.00 to $262.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, Wells Fargo & Company boosted their price objective on shares of Discover Financial Services from $185.00 to $214.00 and gave the stock an “equal weight” rating in a research note on Friday, January 24th. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Discover Financial Services currently has an average rating of “Hold” and an average target price of $182.64.

Discover Financial Services Stock Performance

NYSE:DFS opened at $201.09 on Friday. The stock has a market capitalization of $50.54 billion, a P/E ratio of 12.60, a price-to-earnings-growth ratio of 0.64 and a beta of 1.46. Discover Financial Services has a 1 year low of $104.08 and a 1 year high of $205.76. The firm has a 50 day moving average of $181.02 and a 200-day moving average of $156.47. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09.

Discover Financial Services (NYSE:DFS) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $5.11 EPS for the quarter, topping analysts’ consensus estimates of $3.13 by $1.98. Discover Financial Services had a return on equity of 26.18% and a net margin of 17.29%. As a group, sell-side analysts anticipate that Discover Financial Services will post 13.39 EPS for the current fiscal year.

Discover Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Friday, May 23rd. Discover Financial Services’s payout ratio is presently 17.54%.

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.