Bridges Investment Management Inc. Has $350,000 Stock Holdings in Discover Financial Services (NYSE:DFS)

Bridges Investment Management Inc. cut its position in Discover Financial Services (NYSE:DFS) by 78.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,020 shares of the financial services provider’s stock after selling 7,319 shares during the period. Bridges Investment Management Inc.’s holdings in Discover Financial Services were worth $350,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Bfsg LLC acquired a new stake in shares of Discover Financial Services in the 4th quarter valued at about $35,000. Grove Bank & Trust grew its stake 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 buying an additional 89 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Discover Financial Services in the 3rd quarter valued at about $30,000. Hantz Financial Services Inc. acquired a new stake in shares of Discover Financial Services in the 4th quarter valued at about $37,000. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of Discover Financial Services in the 4th quarter valued at about $47,000. 86.94% of the stock is currently owned by institutional investors and hedge funds.

Discover Financial Services Price Performance

Discover Financial Services stock opened at $190.40 on Tuesday. Discover Financial Services has a 52 week low of $118.74 and a 52 week high of $205.76. The company’s 50 day moving average price is $189.13 and its two-hundred day moving average price is $166.20. 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 stock has a market cap of $47.91 billion, a P/E ratio of 11.93, a P/E/G ratio of 1.51 and a beta of 1.46.

Discover Financial Services (NYSE:DFS) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 EPS for the quarter, topping 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%. On average, equities analysts predict that Discover Financial Services will post 13.88 earnings per share for the current year.

Discover Financial Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be issued a $0.70 dividend. 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 1.47%. Discover Financial Services’s dividend payout ratio (DPR) is presently 17.54%.

Wall Street Analysts Forecast Growth

DFS has been the subject of several research reports. Royal Bank of Canada raised their target price on 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. StockNews.com downgraded Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Friday, January 24th. Truist Financial lifted their price target on Discover Financial Services from $233.00 to $262.00 and gave the company a “buy” rating in a research note on Monday, January 27th. UBS Group upgraded Discover Financial Services from a “neutral” rating to a “buy” rating and lifted their price target for the company from $150.00 to $239.00 in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. lifted their price target on Discover Financial Services from $146.00 to $169.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $191.91.

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.