JustInvest LLC Has $1.41 Million Stock Holdings in Discover Financial Services (NYSE:DFS)


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JustInvest LLC raised its holdings in Discover Financial Services (NYSE:DFS) by 9.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 14,848 shares of the financial services provider’s stock after acquiring an additional 1,297 shares during the quarter. JustInvest LLC’s holdings in Discover Financial Services were worth $1,410,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SOA Wealth Advisors LLC. acquired a new position in Discover Financial Services in the 4th quarter valued at approximately $30,000. Key Financial Inc acquired a new position in Discover Financial Services in the 4th quarter valued at approximately $31,000. Alpha DNA Investment Management LLC bought a new stake in shares of Discover Financial Services in the 4th quarter valued at $32,000. Norway Savings Bank bought a new stake in shares of Discover Financial Services in the 4th quarter valued at $36,000. Finally, Bay Harbor Wealth Management LLC bought a new stake in shares of Discover Financial Services in the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 84.67% of the company’s stock.

A number of research firms have recently commented on DFS. Barclays upped their price objective on shares of Discover Financial Services from $111.00 to $132.00 and gave the company an “overweight” rating in a research note on Friday, April 23rd. Wells Fargo & Company increased their target price on shares of Discover Financial Services from $105.00 to $111.00 and gave the stock an “equal weight” rating in a research note on Monday, March 22nd. Royal Bank of Canada upped their price objective on shares of Discover Financial Services from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, January 22nd. Morgan Stanley upped their price objective on shares of Discover Financial Services from $108.00 to $114.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 28th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Discover Financial Services from $110.00 to $120.00 and gave the stock a “hold” rating in a report on Thursday, April 29th. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $101.13.

In other Discover Financial Services news, EVP Brian Hughes sold 10,000 shares of Discover Financial Services stock in a transaction that occurred on Monday, February 8th. The shares were sold at an average price of $93.91, for a total transaction of $939,100.00. Following the transaction, the executive vice president now directly owns 56,620 shares of the company’s stock, valued at $5,317,184.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Diane E. Offereins sold 15,000 shares of Discover Financial Services stock in a transaction that occurred on Friday, April 30th. The stock was sold at an average price of $114.02, for a total transaction of $1,710,300.00. Following the transaction, the executive vice president now directly owns 113,915 shares in the company, valued at $12,988,588.30. The disclosure for this sale can be found here. Insiders sold 54,230 shares of company stock valued at $5,404,091 over the last 90 days. 0.55% of the stock is owned by company insiders.

NYSE:DFS traded down $0.30 on Tuesday, reaching $114.34. 16,675 shares of the company’s stock were exchanged, compared to its average volume of 2,622,563. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market cap of $35.03 billion, a price-to-earnings ratio of 35.27, a P/E/G ratio of 4.21 and a beta of 1.80. Discover Financial Services has a 52 week low of $35.05 and a 52 week high of $116.00. The stock has a fifty day simple moving average of $100.26 and a 200-day simple moving average of $88.94.

Discover Financial Services (NYSE:DFS) last released its quarterly earnings data on Tuesday, April 20th. The financial services provider reported $5.04 EPS for the quarter, beating analysts’ consensus estimates of $2.82 by $2.22. Discover Financial Services had a net margin of 7.89% and a return on equity of 11.00%. The company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same period last year, the business earned ($0.25) earnings per share. Discover Financial Services’s revenue was down 3.2% compared to the same quarter last year. As a group, sell-side analysts predict that Discover Financial Services will post 3.26 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 3rd. Stockholders of record on Thursday, May 20th will be given a $0.44 dividend. The ex-dividend date of this dividend is Wednesday, May 19th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.54%. Discover Financial Services’s dividend payout ratio (DPR) is currently 19.38%.

Discover Financial Services Company Profile

Discover Financial Services, through its subsidiaries, operates as a digital banking and payment services company 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; and other consumer products and services, including private student loans, personal loans, home loans, and other consumer lending, as well as deposit products, such as certificates of deposit, money market accounts, IRA certificates of deposit, IRA savings accounts, checking accounts, and sweep accounts.

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

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