2,915 Shares in Discover Financial Services (NYSE:DFS) Acquired by Affinity Wealth Management LLC

Affinity Wealth Management LLC acquired a new stake in Discover Financial Services (NYSE:DFS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,915 shares of the financial services provider’s stock, valued at approximately $505,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DFS. UMB Bank n.a. lifted its stake in shares of Discover Financial Services by 0.6% in the fourth quarter. UMB Bank n.a. now owns 9,248 shares of the financial services provider’s stock worth $1,602,000 after buying an additional 56 shares in the last quarter. Invst LLC raised its holdings in Discover Financial Services by 0.9% in the 3rd quarter. Invst LLC now owns 7,253 shares of the financial services provider’s stock valued at $1,018,000 after acquiring an additional 62 shares during the last quarter. CTC Alternative Strategies Ltd. lifted its stake in Discover Financial Services by 3.2% in the 3rd quarter. CTC Alternative Strategies Ltd. now owns 2,047 shares of the financial services provider’s stock worth $287,000 after purchasing an additional 63 shares in the last quarter. Eagle Bluffs Wealth Management LLC boosted its holdings in shares of Discover Financial Services by 0.5% during the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 14,501 shares of the financial services provider’s stock worth $2,034,000 after purchasing an additional 67 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its position in shares of Discover Financial Services by 27.4% in the third quarter. Venturi Wealth Management LLC now owns 316 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 68 shares in the last quarter. Institutional investors and hedge funds own 86.94% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on DFS. Barclays lifted their price objective on Discover Financial Services from $186.00 to $209.00 and gave the stock an “overweight” rating in a research report on Friday. 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. Royal Bank of Canada raised their price objective on shares of Discover Financial Services from $193.00 to $210.00 and gave the stock a “sector perform” rating in a research report on Friday. Keefe, Bruyette & Woods increased their price target on shares of Discover Financial Services from $170.00 to $232.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Finally, UBS Group upgraded shares of Discover Financial Services from a “neutral” rating to a “buy” rating and raised their price target for the stock from $150.00 to $239.00 in a report on Monday, January 13th. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $180.57.

Discover Financial Services Trading Up 0.3 %

Shares of NYSE:DFS opened at $201.59 on Friday. Discover Financial Services has a 52 week low of $101.71 and a 52 week high of $204.93. The company’s 50 day moving average is $178.82 and its two-hundred day moving average is $154.51. The company has a market cap of $50.66 billion, a PE ratio of 12.63, a P/E/G ratio of 1.15 and a beta of 1.46. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09.

Discover Financial Services (NYSE:DFS) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share (EPS) for the quarter, topping 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%. Equities analysts predict that Discover Financial Services will post 12.82 earnings per share for the current fiscal year.

Discover Financial Services Announces Dividend

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

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.