Orion Portfolio Solutions LLC Sells 73 Shares of Discover Financial Services (NYSE:DFS)

Orion Portfolio Solutions LLC reduced its stake in shares of Discover Financial Services (NYSE:DFS) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,007 shares of the financial services provider’s stock after selling 73 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Discover Financial Services were worth $1,733,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Discover Financial Services during the third quarter valued at about $30,000. SBI Securities Co. Ltd. bought a new position in Discover Financial Services during the fourth quarter valued at about $33,000. Flagship Wealth Advisors LLC acquired a new position in Discover Financial Services in the 4th quarter valued at approximately $34,000. Grove Bank & Trust lifted its position 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 worth $35,000 after acquiring an additional 89 shares during the period. Finally, Bfsg LLC acquired a new stake in shares of Discover Financial Services during the 4th quarter worth approximately $35,000. 86.94% of the stock is owned by institutional investors.

Discover Financial Services Stock Performance

DFS stock opened at $175.81 on Thursday. The stock has a market capitalization of $44.23 billion, a PE ratio of 11.02, a price-to-earnings-growth ratio of 1.51 and a beta of 1.45. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.03. The company has a 50 day moving average price of $183.24 and a 200 day moving average price of $170.92. Discover Financial Services has a fifty-two week low of $119.31 and a fifty-two week high of $205.76.

Discover Financial Services (NYSE:DFS) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share (EPS) for the quarter, beating 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%. Analysts forecast 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. Investors of record on Friday, May 23rd will be paid a dividend of $0.70 per share. The ex-dividend date is Friday, May 23rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.59%. Discover Financial Services’s dividend payout ratio (DPR) is presently 17.54%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Truist Financial cut their target price on Discover Financial Services from $262.00 to $219.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Wells Fargo & Company raised their price objective on shares of Discover Financial Services from $185.00 to $214.00 and gave the stock an “equal weight” rating in a report on Friday, January 24th. UBS Group raised 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 research note on Monday, January 13th. Barclays raised their price target 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. Finally, StockNews.com lowered Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Wednesday. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $192.40.

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.