Discover Financial Services (NYSE:DFS) is Olympiad Research LP’s 4th Largest Position

Olympiad Research LP grew its holdings in Discover Financial Services (NYSE:DFS) by 13.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 13,924 shares of the financial services provider’s stock after purchasing an additional 1,704 shares during the period. Discover Financial Services comprises approximately 2.5% of Olympiad Research LP’s investment portfolio, making the stock its 4th largest position. Olympiad Research LP’s holdings in Discover Financial Services were worth $2,412,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Blue Trust Inc. raised its holdings in shares of Discover Financial Services by 115.7% during the third quarter. Blue Trust Inc. now owns 1,234 shares of the financial services provider’s stock worth $161,000 after acquiring an additional 662 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Discover Financial Services by 12.7% during the third quarter. Raymond James & Associates now owns 149,361 shares of the financial services provider’s stock worth $20,954,000 after acquiring an additional 16,863 shares in the last quarter. Foundations Investment Advisors LLC raised its holdings in shares of Discover Financial Services by 16.3% during the third quarter. Foundations Investment Advisors LLC now owns 2,046 shares of the financial services provider’s stock worth $287,000 after acquiring an additional 286 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Discover Financial Services by 4.4% during the third quarter. Sequoia Financial Advisors LLC now owns 6,191 shares of the financial services provider’s stock worth $869,000 after acquiring an additional 263 shares in the last quarter. Finally, Private Advisor Group LLC raised its holdings in shares of Discover Financial Services by 2.0% during the third quarter. Private Advisor Group LLC now owns 13,181 shares of the financial services provider’s stock worth $1,849,000 after acquiring an additional 255 shares in the last quarter. Hedge funds and other institutional investors own 86.94% of the company’s stock.

Discover Financial Services Trading Down 2.8 %

Shares of NYSE:DFS opened at $194.21 on Friday. The company has a market cap of $48.81 billion, a P/E ratio of 12.17, a P/E/G ratio of 1.51 and a beta of 1.46. The stock’s 50-day moving average is $186.87 and its 200-day moving average is $163.19. Discover Financial Services has a 52-week low of $118.74 and a 52-week high of $205.76. 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 (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, beating the consensus estimate of $3.13 by $1.98. Discover Financial Services had a return on equity of 26.18% and a net margin of 17.29%. Equities research analysts predict that Discover Financial Services will post 13.88 earnings per share for the current year.

Discover Financial Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Friday, May 23rd. Discover Financial Services’s payout ratio is presently 17.54%.

Wall Street Analysts Forecast Growth

DFS has been the subject of several recent research reports. Keefe, Bruyette & Woods increased their price objective on Discover Financial Services from $170.00 to $232.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. UBS Group upgraded Discover Financial Services from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $150.00 to $239.00 in a report on Monday, January 13th. Wells Fargo & Company increased 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. Truist Financial increased their target price on shares of Discover Financial Services from $233.00 to $262.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, Royal Bank of Canada increased 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. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $186.46.

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.