Kolinsky Wealth Management LLC Acquires 574 Shares of Discover Financial Services (NYSE:DFS)

Kolinsky Wealth Management LLC lifted its holdings in shares of Discover Financial Services (NYSE:DFS) by 14.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,572 shares of the financial services provider’s stock after purchasing an additional 574 shares during the quarter. Kolinsky Wealth Management LLC’s holdings in Discover Financial Services were worth $641,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of DFS. Opal Wealth Advisors LLC purchased a new stake in Discover Financial Services during the second quarter valued at about $26,000. DiNuzzo Private Wealth Inc. raised its holdings in shares of Discover Financial Services by 506.5% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider’s stock valued at $26,000 after buying an additional 157 shares in the last quarter. Y.D. More Investments Ltd lifted 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 buying an additional 133 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in Discover Financial Services by 72.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 226 shares of the financial services provider’s stock worth $30,000 after buying an additional 95 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in Discover Financial Services by 348.2% during the second quarter. Larson Financial Group LLC now owns 251 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 195 shares during the last quarter. 86.94% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DFS has been the subject of a number of research reports. Royal Bank of Canada upped their price objective on shares of Discover Financial Services from $148.00 to $161.00 and gave the company a “sector perform” rating in a research note on Friday, October 18th. StockNews.com lowered shares of Discover Financial Services from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Wells Fargo & Company lifted their price objective on Discover Financial Services from $152.00 to $160.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Finally, Evercore ISI increased their target price on Discover Financial Services from $156.00 to $163.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Discover Financial Services has a consensus rating of “Hold” and a consensus target price of $138.81.

Discover Financial Services Trading Down 0.1 %

NYSE:DFS opened at $182.43 on Friday. The company has a 50-day moving average price of $156.66 and a 200-day moving average price of $139.67. The stock has a market cap of $45.80 billion, a price-to-earnings ratio of 14.72, a P/E/G ratio of 1.17 and a beta of 1.41. The company has a current ratio of 1.08, a quick ratio of 1.04 and a debt-to-equity ratio of 1.28. Discover Financial Services has a 12 month low of $89.58 and a 12 month high of $188.26.

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

Discover Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be given a dividend of $0.70 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.80 annualized dividend and a dividend yield of 1.53%. Discover Financial Services’s dividend payout ratio is presently 22.60%.

About Discover Financial Services

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.