Gulf International Bank UK Ltd boosted its position in Discover Financial Services (NYSE:DFS) by 0.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,931 shares of the financial services provider’s stock after purchasing an additional 131 shares during the period. Gulf International Bank UK Ltd’s holdings in Discover Financial Services were worth $2,743,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Eldred Rock Partners LLC lifted its holdings in shares of Discover Financial Services by 1.3% in the first quarter. Eldred Rock Partners LLC now owns 73,636 shares of the financial services provider’s stock valued at $9,653,000 after buying an additional 941 shares during the period. Park Avenue Securities LLC raised its position in Discover Financial Services by 0.7% in the first quarter. Park Avenue Securities LLC now owns 40,070 shares of the financial services provider’s stock worth $5,253,000 after acquiring an additional 280 shares in the last quarter. McLean Asset Management Corp acquired a new stake in Discover Financial Services in the 1st quarter valued at about $223,000. American National Bank boosted its position in shares of Discover Financial Services by 48.3% during the 1st quarter. American National Bank now owns 1,038 shares of the financial services provider’s stock valued at $136,000 after purchasing an additional 338 shares in the last quarter. Finally, Wedmont Private Capital acquired a new position in shares of Discover Financial Services in the 1st quarter worth approximately $265,000. 86.94% of the stock is owned by institutional investors.
Discover Financial Services Price Performance
Shares of DFS opened at $126.97 on Friday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market cap of $31.82 billion, a PE ratio of 14.48, a PEG ratio of 0.78 and a beta of 1.41. The firm’s 50 day moving average price is $124.34 and its 200 day moving average price is $117.92. Discover Financial Services has a twelve month low of $79.04 and a twelve month high of $131.65.
Discover Financial Services (NYSE:DFS – Get Free Report) last released 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 the consensus estimate 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 business posted $3.58 EPS. As a group, research analysts expect that Discover Financial Services will post 11.46 EPS for the current fiscal year.
Discover Financial Services Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Thursday, May 23rd were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $2.80 annualized dividend and a dividend yield of 2.21%. Discover Financial Services’s dividend payout ratio (DPR) is presently 31.93%.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on DFS. Seaport Res Ptn lowered shares of Discover Financial Services from a “buy” rating to a “neutral” rating in a research report on Friday, March 15th. HSBC upped their target price on Discover Financial Services from $107.00 to $144.00 and gave the company a “hold” rating in a report on Thursday, March 21st. JPMorgan Chase & Co. lifted their price target on Discover Financial Services from $110.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. Barclays upped their price objective on shares of Discover Financial Services from $120.00 to $123.00 and gave the company an “equal weight” rating in a research note on Friday, April 19th. Finally, BTIG Research started coverage on shares of Discover Financial Services in a research report on Friday, June 7th. They issued a “neutral” rating on the stock. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $126.29.
Check Out Our Latest Research Report on Discover Financial Services
Discover Financial Services 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.
Recommended Stories
Want to see what other hedge funds are holding DFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Discover Financial Services (NYSE:DFS – Free Report).
Receive News & Ratings for Discover Financial Services Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Discover Financial Services and related companies with MarketBeat.com’s FREE daily email newsletter.
