Discover Financial Services (NYSE:DFS) Stock Position Lifted by Leeward Investments LLC MA

Leeward Investments LLC MA grew its position in Discover Financial Services (NYSE:DFS) by 87.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 119,470 shares of the financial services provider’s stock after acquiring an additional 55,630 shares during the quarter. Leeward Investments LLC MA’s holdings in Discover Financial Services were worth $15,661,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Partnership Wealth Management LLC bought a new position in shares of Discover Financial Services in the 4th quarter worth about $25,000. Bruce G. Allen Investments LLC bought a new position in Discover Financial Services during the 4th quarter worth $28,000. Riverview Trust Co bought a new position in Discover Financial Services during the 1st quarter worth $34,000. MeadowBrook Investment Advisors LLC acquired a new stake in shares of Discover Financial Services in the 4th quarter worth about $31,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in Discover Financial Services in the 4th quarter valued at about $35,000. 86.94% of the stock is owned by institutional investors and hedge funds.

Discover Financial Services Trading Down 1.1 %

NYSE DFS traded down $1.48 on Thursday, hitting $132.06. 897,558 shares of the stock were exchanged, compared to its average volume of 1,304,271. The company’s 50-day moving average price is $125.08 and its two-hundred day moving average price is $119.32. 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 $133.78. The company has a market capitalization of $33.12 billion, a price-to-earnings ratio of 15.06, a P/E/G ratio of 0.81 and a beta of 1.44.

Discover Financial Services (NYSE:DFS) last issued its quarterly earnings results on Thursday, April 18th. The financial services provider reported $1.10 earnings per share 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 analysts’ expectations of $4.07 billion. Discover Financial Services had a net margin of 10.56% and a return on equity of 17.07%. During the same quarter in the prior year, the firm posted $3.58 EPS. Research analysts predict that Discover Financial Services will post 11.47 EPS for the current year.

Discover Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd were given a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $2.80 dividend on an annualized basis and a yield of 2.12%. Discover Financial Services’s payout ratio is 31.93%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Wells Fargo & Company raised their price target on shares of Discover Financial Services from $105.00 to $135.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. raised their target price on shares of Discover Financial Services from $110.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. Barclays upped their price target on shares of Discover Financial Services from $120.00 to $123.00 and gave the stock an “equal weight” rating in a research note on Friday, April 19th. HSBC increased their price target on Discover Financial Services from $107.00 to $144.00 and gave the company a “hold” rating in a research note on Thursday, March 21st. Finally, Seaport Res Ptn cut Discover Financial Services from a “buy” rating to a “neutral” rating in a research note on Friday, March 15th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Discover Financial Services has a consensus rating of “Hold” and a consensus target price of $126.29.

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.