Discover Financial Services (NYSE:DFS) Shares Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC increased its stake in shares of Discover Financial Services (NYSE:DFS) by 30.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 15,361 shares of the financial services provider’s stock after purchasing an additional 3,630 shares during the quarter. NEOS Investment Management LLC’s holdings in Discover Financial Services were worth $2,661,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Discover Financial Services during the third quarter worth about $30,000. SBI Securities Co. Ltd. purchased a new position in Discover Financial Services during the 4th quarter worth approximately $33,000. Flagship Wealth Advisors LLC purchased a new position in Discover Financial Services during the 4th quarter worth approximately $34,000. Grove Bank & Trust increased its position in Discover Financial Services by 78.1% during the fourth quarter. Grove Bank & Trust now owns 203 shares of the financial services provider’s stock worth $35,000 after buying an additional 89 shares during the period. Finally, Bfsg LLC purchased a new stake in Discover Financial Services in the fourth quarter valued at approximately $35,000. 86.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Discover Financial Services from $146.00 to $169.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Royal Bank of Canada lifted their price objective on shares of Discover Financial Services from $193.00 to $210.00 and gave the company a “sector perform” rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods upped their target price on shares of Discover Financial Services from $170.00 to $232.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Barclays raised their price target on Discover Financial Services from $186.00 to $209.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Finally, StockNews.com downgraded Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Friday, January 24th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $192.40.

Discover Financial Services Price Performance

Discover Financial Services stock opened at $158.23 on Friday. 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 one year low of $119.31 and a one year high of $205.76. The company has a market cap of $39.81 billion, a P/E ratio of 9.91, a price-to-earnings-growth ratio of 1.51 and a beta of 1.45. The business has a fifty day moving average of $184.39 and a two-hundred day moving average of $169.76.

Discover Financial Services (NYSE:DFS) last released 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 net margin of 17.29% and a return on equity of 26.18%. As a group, analysts predict that Discover Financial Services will post 13.88 earnings per share for the current fiscal year.

Discover Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Friday, May 23rd. Discover Financial Services’s dividend payout ratio is currently 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.