Signaturefd LLC Has $741,000 Stock Holdings in Discover Financial Services (NYSE:DFS)

Signaturefd LLC grew its position in Discover Financial Services (NYSE:DFS) by 19.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,589 shares of the financial services provider’s stock after purchasing an additional 1,073 shares during the period. Signaturefd LLC’s holdings in Discover Financial Services were worth $741,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in DFS. Verdence Capital Advisors LLC raised its holdings in shares of Discover Financial Services by 4.2% in the fourth quarter. Verdence Capital Advisors LLC now owns 8,748 shares of the financial services provider’s stock valued at $983,000 after buying an additional 355 shares during the last quarter. Lindbrook Capital LLC raised its holdings in shares of Discover Financial Services by 110.0% in the fourth quarter. Lindbrook Capital LLC now owns 941 shares of the financial services provider’s stock valued at $106,000 after buying an additional 493 shares during the last quarter. abrdn plc raised its holdings in shares of Discover Financial Services by 69.5% in the fourth quarter. abrdn plc now owns 106,871 shares of the financial services provider’s stock valued at $12,012,000 after buying an additional 43,815 shares during the last quarter. Cooke & Bieler LP raised its holdings in shares of Discover Financial Services by 19.7% in the fourth quarter. Cooke & Bieler LP now owns 1,339,198 shares of the financial services provider’s stock valued at $150,526,000 after buying an additional 220,728 shares during the last quarter. Finally, Fidelis Capital Partners LLC raised its holdings in shares of Discover Financial Services by 24.1% in the fourth quarter. Fidelis Capital Partners LLC now owns 3,921 shares of the financial services provider’s stock valued at $441,000 after buying an additional 761 shares during the last quarter. Institutional investors and hedge funds own 86.94% of the company’s stock.

Insider Activity at Discover Financial Services

In related news, CFO John Greene sold 35,191 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $106.51, for a total value of $3,748,193.41. Following the completion of the transaction, the chief financial officer now directly owns 18,592 shares in the company, valued at approximately $1,980,233.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is owned by insiders.

Discover Financial Services Stock Performance

Shares of DFS stock opened at $129.30 on Wednesday. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.05 and a quick ratio of 1.13. The stock has a market cap of $32.40 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 0.76 and a beta of 1.45. The stock has a 50-day moving average of $122.76 and a 200-day moving average of $106.72. Discover Financial Services has a one year low of $79.04 and a one year high of $131.65.

Discover Financial Services (NYSE:DFSGet Free Report) last issued its quarterly earnings data on Thursday, April 18th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.98 by ($1.88). Discover Financial Services had a net margin of 10.56% and a return on equity of 16.74%. The business had revenue of $4.21 billion during the quarter, compared to analyst estimates of $4.07 billion. During the same quarter in the prior year, the firm posted $3.58 earnings per share. As a group, sell-side analysts expect that Discover Financial Services will post 11.34 earnings per share for the current year.

Discover Financial Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 23rd will be given a $0.70 dividend. The ex-dividend date is Wednesday, May 22nd. This represents a $2.80 annualized dividend and a dividend yield of 2.17%. Discover Financial Services’s dividend payout ratio is presently 31.93%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut their price target on Discover Financial Services from $140.00 to $111.00 and set a “hold” rating for the company in a report on Friday, January 19th. Jefferies Financial Group boosted their price objective on Discover Financial Services from $137.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Piper Sandler boosted their price objective on Discover Financial Services from $127.00 to $145.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. StockNews.com started coverage on Discover Financial Services in a report on Thursday, April 18th. They set a “hold” rating for the company. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $140.00 price objective (up from $117.00) on shares of Discover Financial Services in a report on Wednesday, February 21st. Twelve equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $126.29.

Read Our Latest Report on DFS

Discover Financial Services Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Discover Financial Services (NYSE:DFS)

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