Catalina Capital Group LLC Purchases Shares of 1,161 Discover Financial Services (NYSE:DFS)

Catalina Capital Group LLC purchased a new stake in Discover Financial Services (NYSE:DFS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,161 shares of the financial services provider’s stock, valued at approximately $201,000.

Other large investors have also recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. lifted its holdings 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 acquiring an additional 157 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Discover Financial Services during the 3rd quarter worth $30,000. Grove Bank & Trust lifted its holdings in shares of Discover Financial Services by 78.1% during the 4th quarter. Grove Bank & Trust now owns 203 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 89 shares during the last quarter. Hantz Financial Services Inc. bought a new stake in shares of Discover Financial Services during the 4th quarter worth $37,000. Finally, Pinnacle Bancorp Inc. lifted its holdings in shares of Discover Financial Services by 37.1% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 292 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 79 shares during the last quarter. 86.94% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on DFS shares. UBS Group raised shares of Discover Financial Services from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $150.00 to $239.00 in a report on Monday, January 13th. Keefe, Bruyette & Woods lifted their price objective 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. Barclays lifted their target price on shares of Discover Financial Services from $186.00 to $209.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Royal Bank of Canada lifted their target price on shares of Discover Financial Services from $193.00 to $210.00 and gave the stock a “sector perform” rating in a research report on Friday, January 24th. Finally, Wells Fargo & Company lifted their target price on shares of Discover Financial Services from $185.00 to $214.00 and gave the stock an “equal weight” rating in a research report on Friday, January 24th. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Discover Financial Services currently has a consensus rating of “Hold” and a consensus target price of $182.64.

Discover Financial Services Price Performance

DFS stock opened at $198.42 on Wednesday. The firm’s 50-day moving average price is $181.78 and its two-hundred day moving average price is $157.52. Discover Financial Services has a 12-month low of $104.08 and a 12-month high of $205.76. The stock has a market capitalization of $49.87 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 0.64 and a beta of 1.46. 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 announced its earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share for the quarter, beating analysts’ consensus estimates of $3.13 by $1.98. Discover Financial Services had a net margin of 17.29% and a return on equity of 26.18%. As a group, equities analysts predict that Discover Financial Services will post 13.39 earnings per share for the current year.

Discover Financial Services Announces Dividend

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

About Discover Financial Services

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.