Discover Financial Services (NYSE:DFS) Shares Bought by Invst LLC

Invst LLC grew its stake in Discover Financial Services (NYSE:DFS) by 0.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,253 shares of the financial services provider’s stock after purchasing an additional 62 shares during the period. Invst LLC’s holdings in Discover Financial Services were worth $1,018,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. DiNuzzo Private Wealth Inc. grew its position in Discover Financial Services by 506.5% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider’s stock valued at $26,000 after buying an additional 157 shares during the last quarter. Y.D. More Investments Ltd lifted its stake in shares of Discover Financial Services by 147.8% in the 2nd quarter. Y.D. More Investments Ltd now owns 223 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 133 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Discover Financial Services by 72.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 226 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 95 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Discover Financial Services during the third quarter worth about $30,000. Finally, Larson Financial Group LLC lifted its position in Discover Financial Services by 348.2% in the second quarter. Larson Financial Group LLC now owns 251 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 195 shares during the period. Hedge funds and other institutional investors own 86.94% of the company’s stock.

Wall Street Analysts Forecast Growth

DFS has been the topic of a number of analyst reports. Evercore ISI lifted their price objective on Discover Financial Services from $156.00 to $163.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Royal Bank of Canada upped their price objective on Discover Financial Services from $148.00 to $161.00 and gave the stock a “sector perform” rating in a report on Friday, October 18th. StockNews.com downgraded Discover Financial Services from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Keefe, Bruyette & Woods boosted their target price on shares of Discover Financial Services from $170.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Wells Fargo & Company increased their price target on shares of Discover Financial Services from $152.00 to $160.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $146.13.

Discover Financial Services Trading Down 0.6 %

Shares of Discover Financial Services stock opened at $175.78 on Wednesday. Discover Financial Services has a 1 year low of $96.46 and a 1 year high of $188.26. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.08 and a quick ratio of 1.04. The business has a 50 day moving average price of $161.42 and a 200 day moving average price of $142.13. The company has a market capitalization of $44.13 billion, a P/E ratio of 14.19, a P/E/G ratio of 1.14 and a beta of 1.45.

Discover Financial Services (NYSE:DFS) last released its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share for the quarter, topping analysts’ consensus estimates of $3.28 by $0.41. The company had revenue of $5.91 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Discover Financial Services had a return on equity of 21.38% and a net margin of 13.78%. During the same period in the previous year, the firm posted $2.59 earnings per share. Sell-side analysts anticipate that Discover Financial Services will post 13.34 EPS for the current fiscal year.

Discover Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend was Thursday, November 21st. Discover Financial Services’s dividend payout ratio is presently 22.60%.

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; 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.