Y.D. More Investments Ltd Boosts Holdings in Discover Financial Services (NYSE:DFS)

Y.D. More Investments Ltd increased its holdings in shares of Discover Financial Services (NYSE:DFS) by 76.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 405 shares of the financial services provider’s stock after buying an additional 175 shares during the period. Y.D. More Investments Ltd’s holdings in Discover Financial Services were worth $70,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. DiNuzzo Private Wealth Inc. increased its stake in shares of Discover Financial Services by 506.5% during the third quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider’s stock worth $26,000 after buying an additional 157 shares during the period. Grove Bank & Trust raised its holdings in shares of Discover Financial Services by 78.1% in the 4th quarter. Grove Bank & Trust now owns 203 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 89 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Discover Financial Services in the third quarter valued at $30,000. Hantz Financial Services Inc. acquired a new stake in Discover Financial Services in the fourth quarter valued at $37,000. Finally, Decker Retirement Planning Inc. purchased a new stake in Discover Financial Services during the 4th quarter worth about $47,000. 86.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DFS has been the subject of several research analyst reports. UBS Group upgraded shares of Discover Financial Services from a “neutral” rating to a “buy” rating and upped their target price for the company from $150.00 to $239.00 in a report on Monday, January 13th. Royal Bank of Canada upped their price objective on shares of Discover Financial Services from $193.00 to $210.00 and gave the company a “sector perform” rating in a research note on Friday, January 24th. Barclays lifted their target price on Discover Financial Services from $186.00 to $209.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Wells Fargo & Company upped their target price on Discover Financial Services from $185.00 to $214.00 and gave the company an “equal weight” rating in a research report on Friday, January 24th. Finally, Keefe, Bruyette & Woods lifted their price target on Discover Financial Services from $170.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $182.64.

Discover Financial Services Price Performance

NYSE:DFS opened at $201.79 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The business’s 50-day moving average price is $182.09 and its 200 day moving average price is $157.92. Discover Financial Services has a 52-week low of $104.08 and a 52-week high of $205.76. The firm has a market cap of $50.71 billion, a P/E ratio of 12.64, a PEG ratio of 0.64 and a beta of 1.46.

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 for the quarter, topping the consensus estimate of $3.13 by $1.98. Discover Financial Services had a return on equity of 26.18% and a net margin of 17.29%. As a group, sell-side analysts predict that Discover Financial Services will post 13.39 earnings per share for the current fiscal year.

Discover Financial Services Announces Dividend

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

About Discover Financial Services

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.