Calamos Wealth Management LLC Takes Position in Discover Financial Services (NYSE:DFS)

Calamos Wealth Management LLC bought a new position in shares of Discover Financial Services (NYSE:DFS) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,444 shares of the financial services provider’s stock, valued at approximately $250,000.

A number of other large investors have also bought and sold shares of the stock. DiNuzzo Private Wealth Inc. boosted its position 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. Grove Bank & Trust grew its stake in Discover Financial Services by 78.1% in the fourth quarter. Grove Bank & Trust now owns 203 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 89 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Discover Financial Services during the third quarter valued at approximately $30,000. Hantz Financial Services Inc. acquired a new position in shares of Discover Financial Services during the fourth quarter worth approximately $37,000. Finally, Decker Retirement Planning Inc. bought a new position in shares of Discover Financial Services in the 4th quarter worth $47,000. 86.94% of the stock is currently owned by institutional investors and hedge funds.

Discover Financial Services Stock Performance

NYSE DFS opened at $198.42 on Wednesday. The company has a market capitalization of $49.87 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 0.64 and a beta of 1.46. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.09. Discover Financial Services has a 52-week low of $104.08 and a 52-week high of $205.76. The company has a 50-day simple moving average of $181.78 and a 200 day simple moving average of $157.52.

Discover Financial Services (NYSE:DFS) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.13 by $1.98. Discover Financial Services had a net margin of 17.29% and a return on equity of 26.18%. On average, research analysts predict that Discover Financial Services will post 13.39 EPS for the current year.

Discover Financial Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.80 annualized dividend and a dividend yield of 1.41%. Discover Financial Services’s payout ratio is presently 17.54%.

Wall Street Analyst Weigh In

DFS has been the topic of several research reports. Truist Financial upped their price objective on shares of Discover Financial Services from $233.00 to $262.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Keefe, Bruyette & Woods upped their target price on shares of Discover Financial Services from $170.00 to $232.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. StockNews.com lowered Discover Financial Services from a “buy” rating to a “hold” rating in a report on Friday, January 24th. JPMorgan Chase & Co. raised their target price on Discover Financial Services from $146.00 to $169.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Finally, UBS Group upgraded Discover Financial Services from a “neutral” rating to a “buy” rating and upped their price target for the stock from $150.00 to $239.00 in a report on Monday, January 13th. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Discover Financial Services has an average rating of “Hold” and an average target price of $182.64.

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.