Discover Financial Services (NYSE:DFS) Shares Sold by Mayflower Financial Advisors LLC

Mayflower Financial Advisors LLC decreased its holdings in shares of Discover Financial Services (NYSE:DFS) by 4.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,450 shares of the financial services provider’s stock after selling 69 shares during the period. Mayflower Financial Advisors LLC’s holdings in Discover Financial Services were worth $251,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. raised its position 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 worth $26,000 after purchasing an additional 157 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in Discover Financial Services during the 3rd quarter worth $30,000. Grove Bank & Trust increased its position in Discover Financial Services by 78.1% in the fourth quarter. Grove Bank & Trust now owns 203 shares of the financial services provider’s stock worth $35,000 after buying an additional 89 shares during the period. Pinnacle Bancorp Inc. lifted its stake in Discover Financial Services by 37.1% in the third quarter. Pinnacle Bancorp Inc. now owns 292 shares of the financial services provider’s stock valued at $41,000 after buying an additional 79 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Discover Financial Services by 27.4% during the third quarter. Venturi Wealth Management LLC now owns 316 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 68 shares during the period. Institutional investors own 86.94% of the company’s stock.

Wall Street Analysts Forecast Growth

DFS has been the topic of a number of analyst reports. Keefe, Bruyette & Woods increased their price objective on shares of Discover Financial Services from $170.00 to $232.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. UBS Group upgraded shares of Discover Financial Services from a “neutral” rating to a “buy” rating and raised their price target for the company from $150.00 to $239.00 in a research note on Monday, January 13th. StockNews.com downgraded Discover Financial Services from a “buy” rating to a “hold” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. raised their target price on Discover Financial Services from $146.00 to $169.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. Finally, Barclays increased their price target on Discover Financial Services from $186.00 to $209.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $182.64.

Discover Financial Services Stock Performance

Shares of DFS opened at $201.13 on Thursday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.10 and a quick ratio of 1.03. Discover Financial Services has a one year low of $104.08 and a one year high of $204.93. The company’s fifty day moving average price is $179.90 and its 200 day moving average price is $155.83. The company has a market capitalization of $50.55 billion, a PE ratio of 12.60, a price-to-earnings-growth ratio of 1.15 and a beta of 1.46.

Discover Financial Services (NYSE:DFS) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $3.13 by $1.98. Discover Financial Services had a return on equity of 27.52% and a net margin of 17.29%. As a group, analysts expect that Discover Financial Services will post 12.82 earnings per share for the current year.

Discover Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.39%. The ex-dividend date is Friday, May 23rd. Discover Financial Services’s payout ratio is currently 17.54%.

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.