Forvis Mazars Wealth Advisors LLC Takes Position in Discover Financial Services (NYSE:DFS)

Forvis Mazars Wealth Advisors LLC purchased a new stake in Discover Financial Services (NYSE:DFS) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,171 shares of the financial services provider’s stock, valued at approximately $203,000.

Other hedge funds have also made changes to their positions in the company. Bfsg LLC acquired a new stake in Discover Financial Services in the 4th quarter valued at approximately $35,000. Grove Bank & Trust increased its holdings in Discover Financial Services by 78.1% in the 4th quarter. Grove Bank & Trust now owns 203 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 89 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Discover Financial Services in the 3rd quarter valued at approximately $30,000. Hantz Financial Services Inc. acquired a new stake in Discover Financial Services in the 4th quarter valued at approximately $37,000. Finally, Decker Retirement Planning Inc. acquired a new stake in Discover Financial Services in the 4th quarter valued at approximately $47,000. Hedge funds and other institutional investors own 86.94% of the company’s stock.

Discover Financial Services Stock Down 0.4 %

Shares of NYSE DFS opened at $193.54 on Tuesday. Discover Financial Services has a 12-month low of $118.74 and a 12-month high of $205.76. The company has a market capitalization of $48.64 billion, a PE ratio of 12.13, a price-to-earnings-growth ratio of 1.51 and a beta of 1.46. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.03. The firm’s 50-day moving average is $187.21 and its two-hundred day moving average is $163.95.

Discover Financial Services (NYSE:DFS) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share (EPS) 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%. Equities analysts anticipate that Discover Financial Services will post 13.88 EPS for the current fiscal year.

Discover Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.45%. The ex-dividend date is Friday, May 23rd. Discover Financial Services’s dividend payout ratio (DPR) is 17.54%.

Wall Street Analyst Weigh In

DFS has been the subject of several research reports. JPMorgan Chase & Co. lifted their target price on shares of Discover Financial Services from $146.00 to $169.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Wells Fargo & Company lifted their target price on shares of Discover Financial Services from $185.00 to $214.00 and gave the company an “equal weight” rating in a report on Friday, January 24th. Barclays raised their price target on shares of Discover Financial Services from $186.00 to $209.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. UBS Group raised shares of Discover Financial Services from a “neutral” rating to a “buy” rating and raised their price target for the company from $150.00 to $239.00 in a research report on Monday, January 13th. Finally, Evercore ISI raised their price target on shares of Discover Financial Services from $156.00 to $163.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $191.91.

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.