Discover Financial Services (NYSE:DFS) Position Boosted by Lindbrook Capital LLC

Lindbrook Capital LLC lifted its holdings in Discover Financial Services (NYSE:DFS) by 110.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 941 shares of the financial services provider’s stock after purchasing an additional 493 shares during the period. Lindbrook Capital LLC’s holdings in Discover Financial Services were worth $106,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bruce G. Allen Investments LLC acquired a new position in shares of Discover Financial Services in the 4th quarter valued at $28,000. Pinnacle Bancorp Inc. boosted its holdings in shares of Discover Financial Services by 282.0% in the third quarter. Pinnacle Bancorp Inc. now owns 382 shares of the financial services provider’s stock worth $33,000 after buying an additional 282 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Discover Financial Services in the fourth quarter worth approximately $35,000. First Command Advisory Services Inc. purchased a new stake in shares of Discover Financial Services in the 3rd quarter valued at approximately $39,000. Finally, Larson Financial Group LLC boosted its stake in Discover Financial Services by 105.8% in the 3rd quarter. Larson Financial Group LLC now owns 465 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 239 shares during the period. 86.94% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Discover Financial Services news, CFO John Greene sold 35,191 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $106.51, for a total transaction of $3,748,193.41. Following the completion of the sale, the chief financial officer now directly owns 18,592 shares in the company, valued at $1,980,233.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.50% of the company’s stock.

Discover Financial Services Price Performance

Shares of NYSE:DFS opened at $129.02 on Thursday. The stock has a market capitalization of $32.33 billion, a P/E ratio of 14.71, a P/E/G ratio of 0.77 and a beta of 1.45. The business has a 50-day moving average of $123.16 and a two-hundred day moving average of $106.88. Discover Financial Services has a fifty-two week low of $79.04 and a fifty-two week high of $131.65. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.05 and a quick ratio of 1.13.

Discover Financial Services (NYSE:DFS) last posted its earnings results on Thursday, April 18th. The financial services provider reported $1.10 earnings per share for the quarter, missing the consensus estimate of $2.98 by ($1.88). Discover Financial Services had a return on equity of 16.74% and a net margin of 10.56%. The company had revenue of $4.21 billion during the quarter, compared to analyst estimates of $4.07 billion. During the same quarter last year, the firm posted $3.58 earnings per share. On average, equities research analysts predict that Discover Financial Services will post 11.3 EPS for the current fiscal year.

Discover Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 23rd will be paid a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $2.80 dividend on an annualized basis and a yield of 2.17%. Discover Financial Services’s payout ratio is presently 31.93%.

Analyst Ratings Changes

A number of research firms have recently issued reports on DFS. Royal Bank of Canada restated a “sector perform” rating and issued a $140.00 target price (up previously from $117.00) on shares of Discover Financial Services in a report on Wednesday, February 21st. Seaport Res Ptn lowered Discover Financial Services from a “buy” rating to a “neutral” rating in a research report on Friday, March 15th. JPMorgan Chase & Co. upped their target price on Discover Financial Services from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. HSBC raised their price target on shares of Discover Financial Services from $107.00 to $144.00 and gave the stock a “hold” rating in a report on Thursday, March 21st. Finally, Barclays boosted their price objective on shares of Discover Financial Services from $120.00 to $123.00 and gave the company an “equal weight” rating in a research report on Friday, April 19th. Twelve analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $126.29.

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; 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.