Toronto Dominion Bank Has $17.68 Million Stock Position in Discover Financial Services (NYSE:DFS)

Toronto Dominion Bank boosted its holdings in shares of Discover Financial Services (NYSE:DFS) by 1.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 126,013 shares of the financial services provider’s stock after buying an additional 1,778 shares during the period. Toronto Dominion Bank’s holdings in Discover Financial Services were worth $17,678,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. DiNuzzo Private Wealth Inc. increased 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 worth $26,000 after purchasing an additional 157 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Discover Financial Services in the 3rd quarter worth about $30,000. Y.D. More Investments Ltd increased its position in 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 purchasing an additional 133 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in Discover Financial Services by 72.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 226 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 95 shares during the last quarter. Finally, Larson Financial Group LLC increased its position in Discover Financial Services by 348.2% in the 2nd quarter. Larson Financial Group LLC now owns 251 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 195 shares during the last quarter. 86.94% of the stock is owned by institutional investors and hedge funds.

Discover Financial Services Price Performance

Shares of NYSE:DFS opened at $175.64 on Friday. The business has a 50 day moving average price of $163.02 and a 200 day moving average price of $142.75. Discover Financial Services has a twelve month low of $96.46 and a twelve month high of $188.26. The company has a market cap of $44.10 billion, a price-to-earnings ratio of 14.18, a PEG ratio of 1.14 and a beta of 1.45. The company has a quick ratio of 1.04, a current ratio of 1.08 and a debt-to-equity ratio of 1.28.

Discover Financial Services (NYSE:DFS) last announced its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $3.69 EPS for the quarter, topping analysts’ consensus estimates of $3.28 by $0.41. Discover Financial Services had a return on equity of 21.38% and a net margin of 13.78%. The company had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter last year, the company earned $2.59 EPS. Research analysts predict that Discover Financial Services will post 13.34 earnings per share for the current year.

Discover Financial Services Announces Dividend

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

Analyst Ratings Changes

Several research analysts have weighed in on DFS shares. Keefe, Bruyette & Woods upped their target price on Discover Financial Services from $170.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday. StockNews.com downgraded Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. upped their price target on Discover Financial Services from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Monday. Royal Bank of Canada upped their price target on Discover Financial Services from $148.00 to $161.00 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. Finally, Wells Fargo & Company upped their price target on Discover Financial Services from $152.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $146.13.

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; 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.