Vanguard Personalized Indexing Management LLC Boosts Stock Holdings in Discover Financial Services (NYSE:DFS)

Vanguard Personalized Indexing Management LLC raised its position in shares of Discover Financial Services (NYSE:DFS) by 50.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 27,471 shares of the financial services provider’s stock after acquiring an additional 9,162 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Discover Financial Services were worth $3,088,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Partnership Wealth Management LLC purchased a new position in Discover Financial Services in the 4th quarter valued at $25,000. Bruce G. Allen Investments LLC purchased a new stake in Discover Financial Services in the fourth quarter valued at $28,000. MeadowBrook Investment Advisors LLC purchased a new stake in Discover Financial Services in the 4th quarter valued at about $31,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Discover Financial Services in the 4th quarter worth approximately $35,000. Finally, First Command Advisory Services Inc. acquired a new position in Discover Financial Services during the third quarter worth $39,000. Hedge funds and other institutional investors own 86.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. The Goldman Sachs Group dropped their price objective on shares of Discover Financial Services from $139.00 to $121.00 and set a “buy” rating on the stock in a research report on Friday, January 19th. Deutsche Bank Aktiengesellschaft cut their price target on Discover Financial Services from $140.00 to $111.00 and set a “hold” rating on the stock in a research note on Friday, January 19th. Piper Sandler lifted their price target on Discover Financial Services from $127.00 to $145.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. StockNews.com began coverage on Discover Financial Services in a report on Sunday. They issued a “hold” rating on the stock. Finally, Morgan Stanley upgraded Discover Financial Services from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $105.00 to $133.00 in a research note on Thursday, February 8th. Twelve investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $126.29.

View Our Latest Report on DFS

Discover Financial Services Stock Performance

Shares of NYSE:DFS traded up $2.33 on Wednesday, reaching $126.73. The company’s stock had a trading volume of 1,461,312 shares, compared to its average volume of 2,057,042. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.12 and a quick ratio of 1.12. Discover Financial Services has a 52-week low of $79.04 and a 52-week high of $131.65. The stock’s 50-day moving average is $124.77 and its two-hundred day moving average is $110.80. The stock has a market capitalization of $31.76 billion, a P/E ratio of 14.45, a PEG ratio of 0.74 and a beta of 1.43.

Discover Financial Services (NYSE:DFSGet Free Report) last posted its quarterly earnings data on Thursday, April 18th. The financial services provider reported $1.10 EPS for the quarter, missing the consensus estimate of $2.98 by ($1.88). Discover Financial Services had a net margin of 10.56% and a return on equity of 17.07%. The company had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $4.07 billion. During the same period in the prior year, the company earned $3.58 earnings per share. As a group, sell-side analysts forecast that Discover Financial Services will post 11.48 EPS for the current year.

Discover Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 23rd will be given a $0.70 dividend. The ex-dividend date is Wednesday, May 22nd. This represents a $2.80 dividend on an annualized basis and a yield of 2.21%. Discover Financial Services’s dividend payout ratio (DPR) is 31.93%.

Discover Financial Services Profile

(Free Report)

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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