Orion Portfolio Solutions LLC Purchases 1,469 Shares of Discover Financial Services (NYSE:DFS)

Orion Portfolio Solutions LLC raised its position in Discover Financial Services (NYSE:DFS) by 17.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,080 shares of the financial services provider’s stock after acquiring an additional 1,469 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Discover Financial Services were worth $1,414,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Eagle Bluffs Wealth Management LLC lifted its stake in shares of Discover Financial Services by 0.5% in the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 14,501 shares of the financial services provider’s stock worth $2,034,000 after purchasing an additional 67 shares during the period. Venturi Wealth Management LLC increased its holdings in Discover Financial Services by 27.4% during the third quarter. Venturi Wealth Management LLC now owns 316 shares of the financial services provider’s stock valued at $44,000 after buying an additional 68 shares during the last quarter. Inlet Private Wealth LLC raised its position in Discover Financial Services by 2.4% in the third quarter. Inlet Private Wealth LLC now owns 3,185 shares of the financial services provider’s stock worth $447,000 after acquiring an additional 75 shares during the period. First Trust Direct Indexing L.P. boosted its stake in shares of Discover Financial Services by 0.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 17,664 shares of the financial services provider’s stock worth $2,478,000 after acquiring an additional 75 shares during the last quarter. Finally, Pinnacle Bancorp Inc. grew its position 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 valued at $41,000 after acquiring an additional 79 shares during the period. 86.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on DFS. Keefe, Bruyette & Woods raised their target price on Discover Financial Services from $170.00 to $232.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Evercore ISI raised their price objective on Discover Financial Services from $156.00 to $163.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price objective on Discover Financial Services from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Monday, December 9th. Royal Bank of Canada raised their target price on shares of Discover Financial Services from $148.00 to $161.00 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. Finally, StockNews.com downgraded shares of Discover Financial Services from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $146.13.

Discover Financial Services Trading Up 0.2 %

Shares of Discover Financial Services stock opened at $175.99 on Friday. Discover Financial Services has a twelve month low of $96.46 and a twelve month high of $188.26. The company has a quick ratio of 1.04, a current ratio of 1.08 and a debt-to-equity ratio of 1.28. The business has a 50-day moving average price of $164.43 and a 200-day moving average price of $143.35. The firm has a market cap of $44.19 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 1.13 and a beta of 1.45.

Discover Financial Services (NYSE:DFS) last released its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share for the quarter, beating the consensus estimate of $3.28 by $0.41. Discover Financial Services had a return on equity of 21.38% and a net margin of 13.78%. The business had revenue of $5.91 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same quarter last year, the business posted $2.59 EPS. Equities research analysts anticipate that Discover Financial Services will post 13.43 EPS for the current fiscal year.

Discover Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date was Thursday, November 21st. Discover Financial Services’s payout ratio is 22.60%.

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.