Discover Financial Services (NYSE:DFS) Shares Acquired by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC grew its stake in Discover Financial Services (NYSE:DFSFree Report) by 26.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,713 shares of the financial services provider’s stock after buying an additional 2,481 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Discover Financial Services were worth $1,322,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Partnership Wealth Management LLC acquired a new position in shares of Discover Financial Services in the 4th quarter valued at about $25,000. Bruce G. Allen Investments LLC acquired a new position in shares of Discover Financial Services in the 4th quarter valued at about $28,000. MeadowBrook Investment Advisors LLC acquired a new position in shares of Discover Financial Services in the 4th quarter valued at about $31,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Discover Financial Services in the 4th quarter valued at about $35,000. Finally, First Command Advisory Services Inc. acquired a new position in shares of Discover Financial Services in the 3rd quarter valued at about $39,000. Institutional investors and hedge funds own 86.94% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Citigroup upped their price target on Discover Financial Services from $127.00 to $168.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. JPMorgan Chase & Co. upped their price target on Discover Financial Services from $110.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. HSBC upped their price target on Discover Financial Services from $107.00 to $144.00 and gave the stock a “hold” rating in a report on Thursday, March 21st. StockNews.com assumed coverage on Discover Financial Services in a report on Tuesday, May 28th. They issued a “hold” rating for the company. Finally, Wells Fargo & Company upped their price target on Discover Financial Services from $105.00 to $135.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 10th. Twelve investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $126.29.

Check Out Our Latest Research Report on DFS

Discover Financial Services Stock Performance

NYSE DFS opened at $122.66 on Friday. The company has a market cap of $30.74 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 0.74 and a beta of 1.43. The stock’s 50 day simple moving average is $124.93 and its 200-day simple moving average is $114.21. Discover Financial Services has a 1-year low of $79.04 and a 1-year high of $131.65. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.12 and a quick ratio of 1.12.

Discover Financial Services (NYSE:DFSGet Free Report) last announced its quarterly earnings data on Thursday, April 18th. The financial services provider reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $2.98 by ($1.88). Discover Financial Services had a return on equity of 17.07% and a net margin of 10.56%. The company had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $4.07 billion. During the same quarter in the previous year, the business posted $3.58 EPS. As a group, equities research analysts anticipate that Discover Financial Services will post 11.48 EPS for the current fiscal year.

Discover Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 23rd will be given a dividend of $0.70 per share. 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 2.28%. Discover Financial Services’s payout ratio is 31.93%.

Discover Financial Services Company Profile

(Free Report)

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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