National Pension Service Raises Stock Position in Discover Financial Services (NYSE:DFS)

National Pension Service boosted its holdings in Discover Financial Services (NYSE:DFSGet Rating) by 10.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 575,617 shares of the financial services provider’s stock after buying an additional 53,384 shares during the period. National Pension Service owned 0.20% of Discover Financial Services worth $63,427,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Koshinski Asset Management Inc. increased its stake in Discover Financial Services by 15.6% in the 1st quarter. Koshinski Asset Management Inc. now owns 680 shares of the financial services provider’s stock worth $75,000 after buying an additional 92 shares in the last quarter. Impax Asset Management Group plc boosted its holdings in shares of Discover Financial Services by 1.0% during the 4th quarter. Impax Asset Management Group plc now owns 9,892 shares of the financial services provider’s stock valued at $1,143,000 after purchasing an additional 95 shares during the last quarter. Schrum Private Wealth Management LLC boosted its holdings in shares of Discover Financial Services by 4.2% during the 1st quarter. Schrum Private Wealth Management LLC now owns 2,507 shares of the financial services provider’s stock valued at $275,000 after purchasing an additional 100 shares during the last quarter. Atlas Capital Advisors LLC boosted its holdings in shares of Discover Financial Services by 1.3% during the 1st quarter. Atlas Capital Advisors LLC now owns 7,636 shares of the financial services provider’s stock valued at $841,000 after purchasing an additional 100 shares during the last quarter. Finally, Jacobi Capital Management LLC boosted its holdings in shares of Discover Financial Services by 1.9% during the 1st quarter. Jacobi Capital Management LLC now owns 5,381 shares of the financial services provider’s stock valued at $593,000 after purchasing an additional 101 shares during the last quarter. Hedge funds and other institutional investors own 83.92% of the company’s stock.

Discover Financial Services Stock Up 1.1 %

Shares of NYSE DFS opened at $101.05 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market cap of $27.60 billion, a P/E ratio of 6.58, a PEG ratio of 0.21 and a beta of 1.43. Discover Financial Services has a 1 year low of $88.02 and a 1 year high of $133.40. The firm has a 50-day simple moving average of $102.43 and a two-hundred day simple moving average of $106.59.

Discover Financial Services (NYSE:DFSGet Rating) last announced its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $3.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $0.19. The business had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.18 billion. Discover Financial Services had a net margin of 34.89% and a return on equity of 36.35%. The firm’s quarterly revenue was down 9.9% compared to the same quarter last year. During the same quarter last year, the firm earned $5.55 earnings per share. Research analysts anticipate that Discover Financial Services will post 15.32 earnings per share for the current year.

Discover Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 8th. Shareholders of record on Thursday, August 25th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.38%. The ex-dividend date was Wednesday, August 24th. Discover Financial Services’s payout ratio is currently 15.63%.

Analyst Ratings Changes

Several research firms have commented on DFS. Piper Sandler increased their price objective on shares of Discover Financial Services to $132.00 in a report on Friday, July 22nd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Discover Financial Services from $150.00 to $140.00 in a report on Friday, July 22nd. Keefe, Bruyette & Woods dropped their price objective on shares of Discover Financial Services from $150.00 to $135.00 in a report on Monday, July 11th. Credit Suisse Group dropped their price objective on shares of Discover Financial Services to $134.00 in a report on Friday, July 22nd. Finally, Bank of America dropped their price objective on shares of Discover Financial Services from $128.00 to $120.00 in a report on Sunday, July 24th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $125.75.

Discover Financial Services Profile

(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.

See Also

Institutional Ownership by Quarter for Discover Financial Services (NYSE:DFS)

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