HYA Advisors Inc cut its stake in shares of Discover Financial Services (NYSE:DFS) by 15.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,107 shares of the financial services provider’s stock after selling 395 shares during the period. HYA Advisors Inc’s holdings in Discover Financial Services were worth $232,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Tyler Stone Wealth Management acquired a new position in Discover Financial Services during the fourth quarter valued at approximately $27,000. CVA Family Office LLC acquired a new position in Discover Financial Services during the fourth quarter valued at approximately $34,000. Widmann Financial Services Inc. bought a new stake in Discover Financial Services in the fourth quarter valued at approximately $35,000. Bellwether Advisors LLC bought a new stake in Discover Financial Services in the fourth quarter valued at approximately $37,000. Finally, Benjamin Edwards Inc. raised its stake in Discover Financial Services by 43.9% in the fourth quarter. Benjamin Edwards Inc. now owns 341 shares of the financial services provider’s stock valued at $39,000 after buying an additional 104 shares during the period. 85.53% of the stock is owned by hedge funds and other institutional investors.
Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upped their price objective on Discover Financial Services from $145.00 to $150.00 in a research note on Friday, April 29th. Citigroup boosted their price target on Discover Financial Services from $154.00 to $157.00 in a research note on Friday, April 29th. Wolfe Research cut shares of Discover Financial Services from an “outperform” rating to a “peer perform” rating and set a $97.00 price objective for the company. in a research note on Thursday, May 12th. Morgan Stanley dropped their price objective on shares of Discover Financial Services from $144.00 to $127.00 and set an “equal weight” rating for the company in a research note on Monday, March 28th. Finally, Wells Fargo & Company dropped their price objective on shares of Discover Financial Services from $135.00 to $127.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 6th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $139.63.
Discover Financial Services (NYSE:DFS – Get Rating) last announced its quarterly earnings results on Wednesday, April 27th. The financial services provider reported $4.22 earnings per share for the quarter, beating the consensus estimate of $3.58 by $0.64. The company had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Discover Financial Services had a return on equity of 41.57% and a net margin of 38.42%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business earned $5.04 earnings per share. As a group, equities research analysts forecast that Discover Financial Services will post 14.88 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 9th. Stockholders of record on Thursday, May 26th were given a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, May 25th. This is a boost from Discover Financial Services’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a dividend yield of 2.57%. Discover Financial Services’s payout ratio is 14.16%.
About Discover Financial Services (Get Rating)
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; private student loans, 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.
- Get a free copy of the StockNews.com research report on Discover Financial Services (DFS)
- Why Dollar General (NYSE: DG) Should Be In Your Portfolio
- Korn Ferry Is A Good Buy For The Recession And Beyond
- The Rebound In Winnabego Is On
- Global Events Could Be A Boon For Potash Stocks
- SeaWorld Entertainment Stock Can be Caught on the Downdraft
Receive News & Ratings for Discover Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discover Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.