Kintegral Advisory LLC Trims Stock Position in Discover Financial Services (NYSE:DFS)

Kintegral Advisory LLC decreased its holdings in Discover Financial Services (NYSE:DFS) by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,402 shares of the financial services provider’s stock after selling 251 shares during the quarter. Kintegral Advisory LLC’s holdings in Discover Financial Services were worth $936,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in DFS. Hemington Wealth Management boosted its stake in shares of Discover Financial Services by 11.0% during the 4th quarter. Hemington Wealth Management now owns 503 shares of the financial services provider’s stock worth $87,000 after acquiring an additional 50 shares during the last quarter. UMB Bank n.a. raised its holdings in Discover Financial Services by 0.6% in the 4th quarter. UMB Bank n.a. now owns 9,248 shares of the financial services provider’s stock worth $1,602,000 after purchasing an additional 56 shares during the period. Stratos Wealth Partners LTD. lifted its position in Discover Financial Services by 0.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 6,158 shares of the financial services provider’s stock valued at $1,067,000 after purchasing an additional 57 shares in the last quarter. Invst LLC grew its holdings in Discover Financial Services by 0.9% during the third quarter. Invst LLC now owns 7,253 shares of the financial services provider’s stock valued at $1,018,000 after purchasing an additional 62 shares during the period. Finally, CTC Alternative Strategies Ltd. increased its position in Discover Financial Services by 3.2% in the third quarter. CTC Alternative Strategies Ltd. now owns 2,047 shares of the financial services provider’s stock worth $287,000 after buying an additional 63 shares in the last quarter. 86.94% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Wells Fargo & Company raised their price objective on Discover Financial Services from $185.00 to $214.00 and gave the stock an “equal weight” rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods raised their target price on shares of Discover Financial Services from $170.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Evercore ISI upped their price target on shares of Discover Financial Services from $156.00 to $163.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. UBS Group upgraded shares of Discover Financial Services from a “neutral” rating to a “buy” rating and raised their price objective for the company from $150.00 to $239.00 in a research report on Monday, January 13th. Finally, Royal Bank of Canada upped their target price on shares of Discover Financial Services from $193.00 to $210.00 and gave the stock a “sector perform” rating in a report on Friday, January 24th. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Discover Financial Services has a consensus rating of “Hold” and an average price target of $186.46.

Discover Financial Services Stock Down 2.8 %

Shares of DFS opened at $194.21 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. Discover Financial Services has a 52-week low of $118.74 and a 52-week high of $205.76. The company has a market cap of $48.81 billion, a PE ratio of 12.17, a P/E/G ratio of 1.51 and a beta of 1.46. The business has a fifty day moving average of $186.87 and a 200 day moving average of $163.19.

Discover Financial Services (NYSE:DFS) last released its earnings results 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%. On average, sell-side analysts expect that Discover Financial Services will post 13.88 EPS for the current year.

Discover Financial Services Announces Dividend

The business also recently disclosed 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 is Friday, May 23rd. This represents a $2.80 annualized dividend and a dividend yield of 1.44%. Discover Financial Services’s dividend payout ratio (DPR) is currently 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.