WINTON GROUP Ltd Invests $494,000 in Discover Financial Services (NYSE:DFS)

WINTON GROUP Ltd bought a new position in shares of Discover Financial Services (NYSE:DFS) during the second quarter, according to its most recent filing with the SEC. The fund bought 5,223 shares of the financial services provider’s stock, valued at approximately $494,000.

Other hedge funds also recently made changes to their positions in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Discover Financial Services by 9.7% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 146,925 shares of the financial services provider’s stock worth $16,190,000 after purchasing an additional 12,959 shares during the period. Lincoln National Corp raised its stake in Discover Financial Services by 6.5% in the 2nd quarter. Lincoln National Corp now owns 12,186 shares of the financial services provider’s stock valued at $1,153,000 after acquiring an additional 747 shares during the period. Shell Asset Management Co. raised its stake in Discover Financial Services by 1.8% in the 2nd quarter. Shell Asset Management Co. now owns 26,866 shares of the financial services provider’s stock valued at $2,541,000 after acquiring an additional 478 shares during the period. Assetmark Inc. raised its stake in Discover Financial Services by 82.6% in the 2nd quarter. Assetmark Inc. now owns 12,539 shares of the financial services provider’s stock valued at $1,186,000 after acquiring an additional 5,671 shares during the period. Finally, NorthRock Partners LLC raised its stake in Discover Financial Services by 22.1% in the 2nd quarter. NorthRock Partners LLC now owns 4,100 shares of the financial services provider’s stock valued at $388,000 after acquiring an additional 741 shares during the period. 83.92% of the stock is currently owned by institutional investors.

Discover Financial Services Stock Up 0.2 %

Shares of DFS opened at $107.26 on Friday. The firm has a market cap of $29.31 billion, a P/E ratio of 6.98, a P/E/G ratio of 1.73 and a beta of 1.41. The stock has a 50 day simple moving average of $98.40 and a two-hundred day simple moving average of $101.53. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.25 and a quick ratio of 1.26. Discover Financial Services has a 1 year low of $87.64 and a 1 year high of $130.81.

Discover Financial Services (NYSE:DFSGet Rating) last issued its earnings results on Monday, October 24th. The financial services provider reported $3.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.72 by ($0.18). The firm had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.40 billion. Discover Financial Services had a return on equity of 34.94% and a net margin of 31.90%. The firm’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same period in the prior year, the company earned $3.54 EPS. On average, analysts forecast that Discover Financial Services will post 15.32 earnings per share for the current fiscal year.

Discover Financial Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Wednesday, November 23rd will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Tuesday, November 22nd. Discover Financial Services’s dividend payout ratio is currently 15.63%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Morgan Stanley upgraded Discover Financial Services from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $104.00 to $116.00 in a research note on Wednesday, October 26th. Citigroup decreased their price target on Discover Financial Services from $115.00 to $103.00 and set a “neutral” rating on the stock in a research report on Thursday, October 13th. Piper Sandler upped their price target on Discover Financial Services from $124.00 to $133.00 and gave the company an “overweight” rating in a research report on Wednesday, October 26th. Credit Suisse Group upped their price target on Discover Financial Services from $123.00 to $127.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, StockNews.com assumed coverage on Discover Financial Services in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $118.08.

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.

Featured Stories

Want to see what other hedge funds are holding DFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Discover Financial Services (NYSE:DFSGet Rating).

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

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.