Caisse DE Depot ET Placement DU Quebec Has $8.05 Million Stock Position in Discover Financial Services (NYSE:DFS)

Caisse DE Depot ET Placement DU Quebec boosted its stake in Discover Financial Services (NYSE:DFS) by 2.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,400 shares of the financial services provider’s stock after acquiring an additional 1,400 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Discover Financial Services were worth $8,053,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in DFS. Opal Wealth Advisors LLC acquired a new stake in shares of Discover Financial Services during the second quarter worth $26,000. DiNuzzo Private Wealth Inc. boosted 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 in the last quarter. Y.D. More Investments Ltd boosted its holdings in Discover Financial Services by 147.8% in the second quarter. Y.D. More Investments Ltd now owns 223 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 133 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Discover Financial Services by 72.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 226 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 95 shares in the last quarter. Finally, Larson Financial Group LLC increased its position in shares of Discover Financial Services by 348.2% during the second quarter. Larson Financial Group LLC now owns 251 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 195 shares in the last quarter. Institutional investors own 86.94% of the company’s stock.

Wall Street Analysts Forecast Growth

DFS has been the topic of several analyst reports. Royal Bank of Canada boosted their price target on shares of Discover Financial Services from $148.00 to $161.00 and gave the stock a “sector perform” rating in a report on Friday, October 18th. StockNews.com lowered Discover Financial Services from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Wells Fargo & Company boosted their target price on Discover Financial Services from $152.00 to $160.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Finally, Evercore ISI boosted their price target on shares of Discover Financial Services from $156.00 to $163.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $138.81.

Discover Financial Services Stock Down 1.4 %

Shares of Discover Financial Services stock opened at $179.96 on Tuesday. The company has a market cap of $45.18 billion, a price-to-earnings ratio of 14.52, a price-to-earnings-growth ratio of 1.16 and a beta of 1.41. The company has a quick ratio of 1.04, a current ratio of 1.08 and a debt-to-equity ratio of 1.28. The company’s 50 day moving average is $156.66 and its 200 day moving average is $139.87. Discover Financial Services has a twelve month low of $93.83 and a twelve month high of $188.26.

Discover Financial Services (NYSE:DFS) last posted its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $3.69 EPS for the quarter, topping analysts’ consensus estimates of $3.28 by $0.41. The company had revenue of $5.91 billion for the quarter, compared to analysts’ expectations of $4.36 billion. Discover Financial Services had a return on equity of 21.38% and a net margin of 13.78%. During the same period in the previous year, the firm earned $2.59 EPS. Research analysts anticipate that Discover Financial Services will post 13.34 EPS for the current year.

Discover Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Thursday, November 21st. Discover Financial Services’s dividend payout ratio is presently 22.60%.

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; 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.