Discover Financial Services (NYSE:DFS) Shares Bought by Syon Capital LLC

Syon Capital LLC lifted its holdings in Discover Financial Services (NYSE:DFS) by 8.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,180 shares of the financial services provider’s stock after purchasing an additional 246 shares during the period. Syon Capital LLC’s holdings in Discover Financial Services were worth $357,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Simon Quick Advisors LLC boosted its stake in shares of Discover Financial Services by 1.7% during the 4th quarter. Simon Quick Advisors LLC now owns 6,397 shares of the financial services provider’s stock worth $719,000 after acquiring an additional 109 shares in the last quarter. Czech National Bank grew its stake in Discover Financial Services by 0.3% in the 4th quarter. Czech National Bank now owns 43,796 shares of the financial services provider’s stock valued at $4,923,000 after buying an additional 110 shares during the last quarter. Glenview Trust co grew its position in shares of Discover Financial Services by 0.5% in the third quarter. Glenview Trust co now owns 24,363 shares of the financial services provider’s stock valued at $2,111,000 after purchasing an additional 130 shares during the last quarter. Patron Partners LLC grew its holdings in Discover Financial Services by 3.5% in the 3rd quarter. Patron Partners LLC now owns 4,117 shares of the financial services provider’s stock valued at $357,000 after buying an additional 139 shares during the last quarter. Finally, Mackenzie Financial Corp increased its position in Discover Financial Services by 0.5% during the third quarter. Mackenzie Financial Corp now owns 28,137 shares of the financial services provider’s stock worth $2,455,000 after acquiring an additional 146 shares during the period. 86.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on DFS shares. BMO Capital Markets dropped their price target on shares of Discover Financial Services from $116.00 to $104.00 and set a “market perform” rating for the company in a research report on Monday, January 22nd. Jefferies Financial Group increased their price target on shares of Discover Financial Services from $137.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, April 19th. HSBC upped their target price on shares of Discover Financial Services from $107.00 to $144.00 and gave the stock a “hold” rating in a research note on Thursday, March 21st. Evercore ISI lifted their price target on Discover Financial Services from $117.00 to $140.00 and gave the stock an “in-line” rating in a report on Thursday, February 22nd. Finally, Seaport Res Ptn downgraded shares of Discover Financial Services from a “buy” rating to a “neutral” rating in a research note on Friday, March 15th. Twelve analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Discover Financial Services has an average rating of “Hold” and a consensus target price of $126.29.

Discover Financial Services Stock Up 1.6 %

NYSE DFS opened at $127.70 on Friday. Discover Financial Services has a 52 week low of $79.04 and a 52 week high of $131.65. The company has a quick ratio of 1.13, a current ratio of 1.05 and a debt-to-equity ratio of 1.49. The company has a market capitalization of $32.00 billion, a P/E ratio of 14.56, a price-to-earnings-growth ratio of 0.77 and a beta of 1.45. The stock’s 50-day moving average price is $123.80 and its 200-day moving average price is $107.38.

Discover Financial Services (NYSE:DFS) last posted its quarterly earnings results on Thursday, April 18th. The financial services provider reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $2.98 by ($1.88). The business had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $4.07 billion. Discover Financial Services had a net margin of 10.56% and a return on equity of 16.74%. During the same period in the prior year, the business earned $3.58 earnings per share. On average, equities research analysts predict that Discover Financial Services will post 11.39 earnings per share for the current year.

Discover Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.19%. The ex-dividend date is Wednesday, May 22nd. Discover Financial Services’s dividend payout ratio is presently 31.93%.

Discover Financial Services Company 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; 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.