Denali Advisors LLC Has $764,000 Stock Position in Discover Financial Services (NYSE:DFS)

Denali Advisors LLC lessened its position in Discover Financial Services (NYSE:DFS) by 6.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 4,411 shares of the financial services provider’s stock after selling 300 shares during the period. Denali Advisors LLC’s holdings in Discover Financial Services were worth $764,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hemington Wealth Management lifted its holdings in shares of Discover Financial Services by 11.0% in the 4th quarter. Hemington Wealth Management now owns 503 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 50 shares in the last quarter. UMB Bank n.a. raised its holdings in Discover Financial Services by 0.6% during the fourth quarter. UMB Bank n.a. now owns 9,248 shares of the financial services provider’s stock worth $1,602,000 after buying an additional 56 shares during the last quarter. Stratos Wealth Partners LTD. lifted its stake in shares of Discover Financial Services by 0.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 6,158 shares of the financial services provider’s stock valued at $1,067,000 after buying an additional 57 shares in the last quarter. Invst LLC grew its holdings in shares of Discover Financial Services by 0.9% during the third quarter. Invst LLC now owns 7,253 shares of the financial services provider’s stock valued at $1,018,000 after buying an additional 62 shares during the last quarter. Finally, CTC Alternative Strategies Ltd. grew its holdings in shares of Discover Financial Services by 3.2% during the third quarter. CTC Alternative Strategies Ltd. now owns 2,047 shares of the financial services provider’s stock valued at $287,000 after buying an additional 63 shares during the last quarter. Institutional investors own 86.94% of the company’s stock.

Discover Financial Services Stock Up 1.4 %

Shares of NYSE:DFS opened at $190.36 on Thursday. Discover Financial Services has a 1 year low of $118.74 and a 1 year high of $205.76. The company has a market capitalization of $47.90 billion, a PE ratio of 11.93, a price-to-earnings-growth ratio of 1.51 and a beta of 1.46. The business has a fifty day moving average price of $187.93 and a two-hundred day moving average price of $164.56. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.03.

Discover Financial Services (NYSE:DFS) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $3.13 by $1.98. Discover Financial Services had a net margin of 17.29% and a return on equity of 26.18%. Analysts forecast that Discover Financial Services will post 13.88 earnings per share for the current year.

Discover Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.70 per share. The ex-dividend date is Friday, May 23rd. This represents a $2.80 annualized dividend and a dividend yield of 1.47%. Discover Financial Services’s payout ratio is currently 17.54%.

Analyst Upgrades and Downgrades

DFS has been the topic of a number of analyst reports. Keefe, Bruyette & Woods upped their target price on shares of Discover Financial Services from $170.00 to $232.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Truist Financial increased their price objective on Discover Financial Services from $233.00 to $262.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. UBS Group raised Discover Financial Services from a “neutral” rating to a “buy” rating and lifted their target price for the company from $150.00 to $239.00 in a research report on Monday, January 13th. StockNews.com lowered Discover Financial Services from a “buy” rating to a “hold” rating in a research report on Friday, January 24th. Finally, Evercore ISI raised their price objective on Discover Financial Services from $156.00 to $163.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $191.91.

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.