2,004 Shares in Discover Financial Services (NYSE:DFS) Purchased by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC acquired a new position in shares of Discover Financial Services (NYSE:DFS) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,004 shares of the financial services provider’s stock, valued at approximately $225,000.

Several other large investors also recently added to or reduced their stakes in DFS. Bruce G. Allen Investments LLC bought a new stake in Discover Financial Services during the fourth quarter worth approximately $28,000. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Discover Financial Services during the third quarter valued at approximately $30,000. Resurgent Financial Advisors LLC bought a new position in shares of Discover Financial Services during the fourth quarter valued at approximately $31,000. Pinnacle Bancorp Inc. grew its stake in shares of Discover Financial Services by 282.0% during the third quarter. Pinnacle Bancorp Inc. now owns 382 shares of the financial services provider’s stock valued at $33,000 after buying an additional 282 shares during the last quarter. Finally, Compass Wealth Management LLC bought a new position in shares of Discover Financial Services during the fourth quarter valued at approximately $34,000. 86.94% of the stock is owned by institutional investors.

Discover Financial Services Stock Performance

Shares of DFS opened at $120.91 on Monday. Discover Financial Services has a 12 month low of $79.04 and a 12 month high of $131.65. The stock has a fifty day moving average price of $120.54 and a 200-day moving average price of $104.95. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.49. The firm has a market cap of $30.30 billion, a PE ratio of 10.75, a P/E/G ratio of 0.86 and a beta of 1.45.

Discover Financial Services (NYSE:DFS) last issued its quarterly earnings data on Thursday, January 18th. The financial services provider reported $1.54 EPS for the quarter, missing the consensus estimate of $2.50 by ($0.96). Discover Financial Services had a net margin of 14.30% and a return on equity of 22.24%. The business had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.10 billion. During the same quarter in the prior year, the company posted $3.77 EPS. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. Equities research analysts predict that Discover Financial Services will post 11.2 earnings per share for the current fiscal year.

Discover Financial Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Thursday, February 22nd were issued a dividend of $0.70 per share. The ex-dividend date was Wednesday, February 21st. This represents a $2.80 annualized dividend and a dividend yield of 2.32%. Discover Financial Services’s dividend payout ratio is presently 24.89%.

Insider Activity

In related news, CFO John Greene sold 35,191 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $106.51, for a total value of $3,748,193.41. Following the transaction, the chief financial officer now directly owns 18,592 shares of the company’s stock, valued at approximately $1,980,233.92. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.69% of the company’s stock.

Wall Street Analyst Weigh In

DFS has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft cut their target price on Discover Financial Services from $140.00 to $111.00 and set a “hold” rating on the stock in a research note on Friday, January 19th. Seaport Res Ptn cut Discover Financial Services from a “buy” rating to a “neutral” rating in a research note on Friday, March 15th. HSBC boosted their price target on Discover Financial Services from $107.00 to $144.00 and gave the company a “hold” rating in a report on Thursday, March 21st. JPMorgan Chase & Co. boosted their price target on Discover Financial Services from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Finally, Morgan Stanley upgraded Discover Financial Services from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $105.00 to $133.00 in a report on Thursday, February 8th. Twelve analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $125.22.

Discover Financial Services 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; 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.