Legacy Capital Wealth Partners LLC Has $453,000 Stock Position in Discover Financial Services (NYSE:DFS)

Legacy Capital Wealth Partners LLC grew its stake in shares of Discover Financial Services (NYSE:DFS) by 4.5% during the 4th quarter, Holdings Channel reports. The firm owned 2,616 shares of the financial services provider’s stock after buying an additional 112 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in Discover Financial Services were worth $453,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Discover Financial Services during the 3rd quarter worth approximately $30,000. Grove Bank & Trust increased its holdings in shares of Discover Financial Services by 78.1% during the 4th quarter. Grove Bank & Trust now owns 203 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 89 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in shares of Discover Financial Services during the 4th quarter worth approximately $37,000. Venturi Wealth Management LLC increased its holdings in shares of Discover Financial Services by 27.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 316 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 68 shares during the last quarter. Finally, Decker Retirement Planning Inc. acquired a new position in shares of Discover Financial Services during the 4th quarter worth approximately $47,000. Institutional investors and hedge funds own 86.94% of the company’s stock.

Discover Financial Services Stock Performance

NYSE:DFS opened at $196.14 on Monday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.09. Discover Financial Services has a fifty-two week low of $109.50 and a fifty-two week high of $205.76. The company has a market cap of $49.29 billion, a price-to-earnings ratio of 12.29, a PEG ratio of 0.63 and a beta of 1.46. The stock has a fifty day moving average price of $184.70 and a 200-day moving average price of $160.86.

Discover Financial Services (NYSE:DFS) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 EPS for the quarter, topping analysts’ consensus estimates 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, equities analysts anticipate that Discover Financial Services will post 13.57 EPS 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. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.43%. Discover Financial Services’s dividend payout ratio (DPR) is currently 17.54%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Truist Financial boosted their target price on Discover Financial Services from $233.00 to $262.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Barclays boosted their target price on Discover Financial Services from $186.00 to $209.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. JPMorgan Chase & Co. boosted their target price on Discover Financial Services from $146.00 to $169.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Evercore ISI boosted their price target on Discover Financial Services from $156.00 to $163.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company boosted their price target on Discover Financial Services from $185.00 to $214.00 and gave the company an “equal weight” rating in a research note on Friday, January 24th. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $186.46.

Discover Financial Services Company 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.