Barrow Hanley Mewhinney & Strauss LLC Cuts Stake in Discover Financial Services (NYSE:DFS)

Barrow Hanley Mewhinney & Strauss LLC reduced its stake in Discover Financial Services (NYSE:DFS) by 37.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 662,268 shares of the financial services provider’s stock after selling 397,610 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.23% of Discover Financial Services worth $76,532,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DFS. PSI Advisors LLC bought a new position in Discover Financial Services in the third quarter valued at about $25,000. CVA Family Office LLC bought a new position in shares of Discover Financial Services in the fourth quarter worth about $34,000. Widmann Financial Services Inc. bought a new position in shares of Discover Financial Services in the fourth quarter worth about $35,000. Bellwether Advisors LLC bought a new position in shares of Discover Financial Services in the fourth quarter worth about $37,000. Finally, Benjamin Edwards Inc. raised its stake in shares of Discover Financial Services by 43.9% in the fourth quarter. Benjamin Edwards Inc. now owns 341 shares of the financial services provider’s stock worth $39,000 after buying an additional 104 shares during the period. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

DFS has been the topic of several recent analyst reports. StockNews.com initiated coverage on Discover Financial Services in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Credit Suisse Group lifted their target price on Discover Financial Services from $142.00 to $148.00 and gave the company an “outperform” rating in a research note on Friday, January 21st. Piper Sandler raised Discover Financial Services from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $125.00 to $142.00 in a research note on Monday, January 24th. They noted that the move was a valuation call. Deutsche Bank Aktiengesellschaft lifted their target price on Discover Financial Services from $145.00 to $150.00 in a research note on Friday, April 29th. Finally, Wolfe Research downgraded Discover Financial Services from an “outperform” rating to a “peer perform” rating and set a $97.00 target price on the stock. in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $138.76.

Shares of Discover Financial Services stock traded down $5.80 on Thursday, reaching $98.83. The company had a trading volume of 48,803 shares, compared to its average volume of 1,802,227. The firm has a market cap of $27.77 billion, a price-to-earnings ratio of 6.17, a P/E/G ratio of 0.26 and a beta of 1.45. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.26 and a quick ratio of 1.26. The firm’s 50-day moving average price is $111.55 and its two-hundred day moving average price is $115.80. Discover Financial Services has a 1 year low of $100.07 and a 1 year high of $135.69.

Discover Financial Services (NYSE:DFSGet Rating) last announced its earnings results on Wednesday, April 27th. The financial services provider reported $4.22 EPS for the quarter, topping analysts’ consensus estimates of $3.58 by $0.64. The firm had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Discover Financial Services had a return on equity of 41.57% and a net margin of 38.42%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.04 EPS. As a group, analysts anticipate that Discover Financial Services will post 14.69 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 9th. Stockholders of record on Thursday, May 26th will be issued a $0.60 dividend. This is a boost from Discover Financial Services’s previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, May 25th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.43%. Discover Financial Services’s payout ratio is 11.80%.

In other Discover Financial Services news, CAO Shifra Kolsky sold 800 shares of Discover Financial Services stock in a transaction on Tuesday, February 15th. The stock was sold at an average price of $127.00, for a total transaction of $101,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John Greene sold 4,443 shares of Discover Financial Services stock in a transaction on Tuesday, February 15th. The shares were sold at an average price of $127.95, for a total value of $568,481.85. The disclosure for this sale can be found here. 0.59% of the stock is owned by insiders.

Discover Financial Services Company Profile (Get Rating)

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.

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Institutional Ownership by Quarter for Discover Financial Services (NYSE:DFS)

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