Discover Financial Services (NYSE:DFS) Holdings Lessened by Camelot Portfolios LLC

Camelot Portfolios LLC reduced its position in Discover Financial Services (NYSE:DFS) by 2.5% in the 4th quarter, Holdings Channel reports. The firm owned 11,314 shares of the financial services provider’s stock after selling 285 shares during the period. Discover Financial Services makes up 2.1% of Camelot Portfolios LLC’s holdings, making the stock its 4th biggest holding. Camelot Portfolios LLC’s holdings in Discover Financial Services were worth $1,960,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. State Street Corp raised its holdings in shares of Discover Financial Services by 0.8% in the third quarter. State Street Corp now owns 10,498,044 shares of the financial services provider’s stock valued at $1,472,771,000 after buying an additional 80,601 shares during the last quarter. FMR LLC increased its position in Discover Financial Services by 8.0% in the 3rd quarter. FMR LLC now owns 7,493,862 shares of the financial services provider’s stock valued at $1,051,314,000 after acquiring an additional 558,227 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in Discover Financial Services during the 4th quarter valued at approximately $351,766,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Discover Financial Services by 0.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,834,705 shares of the financial services provider’s stock valued at $257,391,000 after acquiring an additional 12,255 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Discover Financial Services by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,728,276 shares of the financial services provider’s stock valued at $242,460,000 after purchasing an additional 7,751 shares during the last quarter. 86.94% of the stock is owned by institutional investors and hedge funds.

Discover Financial Services Stock Down 2.8 %

DFS opened at $194.21 on Friday. Discover Financial Services has a one year low of $118.74 and a one year high of $205.76. The company has a market cap of $48.81 billion, a price-to-earnings ratio of 12.17, a PEG ratio of 1.53 and a beta of 1.46. The business’s fifty day moving average is $186.87 and its two-hundred day moving average is $162.92. 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 (NYSE:DFS) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $3.13 by $1.98. Discover Financial Services had a net margin of 17.29% and a return on equity of 26.18%. Analysts anticipate that Discover Financial Services will post 13.88 EPS for the current fiscal year.

Discover Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Friday, May 23rd. Discover Financial Services’s payout ratio is currently 17.54%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. upped their price target on Discover Financial Services from $146.00 to $169.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. Barclays raised their target price on shares of Discover Financial Services from $186.00 to $209.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. StockNews.com lowered shares of Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Friday, January 24th. UBS Group raised Discover Financial Services from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $150.00 to $239.00 in a report on Monday, January 13th. Finally, Royal Bank of Canada boosted their target price on Discover Financial Services from $193.00 to $210.00 and gave the stock a “sector perform” rating in a research report on Friday, January 24th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Discover Financial Services currently has an average rating of “Hold” and a consensus target price of $186.46.

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.