Kendall Capital Management grew its stake in Discover Financial Services (NYSE:DFS) by 7.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 20,040 shares of the financial services provider’s stock after buying an additional 1,350 shares during the quarter. Discover Financial Services makes up approximately 1.3% of Kendall Capital Management’s portfolio, making the stock its 20th largest holding. Kendall Capital Management’s holdings in Discover Financial Services were worth $1,700,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently made changes to their positions in the business. Doyle Wealth Management acquired a new stake in Discover Financial Services during the 2nd quarter valued at approximately $35,000. Susquehanna Fundamental Investments LLC acquired a new stake in Discover Financial Services during the 2nd quarter valued at approximately $900,000. United Services Automobile Association grew its position in shares of Discover Financial Services by 33.4% in the 2nd quarter. United Services Automobile Association now owns 144,254 shares of the financial services provider’s stock worth $11,193,000 after acquiring an additional 36,113 shares in the last quarter. Private Capital Group LLC grew its position in shares of Discover Financial Services by 151.7% in the 2nd quarter. Private Capital Group LLC now owns 1,958 shares of the financial services provider’s stock worth $138,000 after acquiring an additional 1,180 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. grew its position in shares of Discover Financial Services by 13.4% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 36,522 shares of the financial services provider’s stock worth $2,844,000 after acquiring an additional 4,313 shares in the last quarter. 84.61% of the stock is owned by institutional investors.
Several research analysts have recently commented on DFS shares. Nomura reiterated a “neutral” rating and issued a $89.00 target price (down previously from $96.00) on shares of Discover Financial Services in a research report on Thursday, December 5th. Morgan Stanley reiterated an “overweight” rating and issued a $94.00 target price (down previously from $101.00) on shares of Discover Financial Services in a research report on Friday. Wells Fargo & Co decreased their target price on Discover Financial Services from $90.00 to $88.00 and set an “equal weight” rating for the company in a research report on Friday. ValuEngine lowered Discover Financial Services from a “sell” rating to a “strong sell” rating in a research report on Friday, January 3rd. Finally, Credit Suisse Group lifted their target price on Discover Financial Services from $98.00 to $99.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $86.33.
NYSE:DFS traded down $9.56 during midday trading on Friday, reaching $76.29. 12,376,572 shares of the company traded hands, compared to its average volume of 1,464,391. Discover Financial Services has a twelve month low of $64.86 and a twelve month high of $92.98. The firm has a market capitalization of $26.91 billion, a price-to-earnings ratio of 8.40, a price-to-earnings-growth ratio of 1.22 and a beta of 1.61. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.28 and a quick ratio of 1.28. The company has a fifty day moving average price of $84.50 and a 200 day moving average price of $82.79.
Discover Financial Services (NYSE:DFS) last released its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $2.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.24 by $0.01. Discover Financial Services had a return on equity of 26.82% and a net margin of 20.94%. The business had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the previous year, the firm posted $2.03 EPS. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities research analysts forecast that Discover Financial Services will post 9.48 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Thursday, February 20th will be given a dividend of $0.44 per share. The ex-dividend date is Wednesday, February 19th. This represents a $1.76 dividend on an annualized basis and a yield of 2.31%. Discover Financial Services’s dividend payout ratio is currently 19.38%.
Discover Financial Services Company Profile
Discover Financial Services, through its subsidiaries, operates as a direct banking and payment services company in the United States. The Direct Banking segment offers Discover-branded credit cards to individuals; and other consumer products and services, including private student loans, personal loans, home equity loans, and other consumer lending, as well as deposit products, such as certificates of deposit, money market accounts, savings accounts, checking accounts, and individual retirement arrangement certificates of deposit.
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