JBF Capital Inc. Sells 3,200 Shares of Discover Financial Services (NYSE:DFS)

JBF Capital Inc. lessened its stake in shares of Discover Financial Services (NYSE:DFS) by 51.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,000 shares of the financial services provider’s stock after selling 3,200 shares during the period. JBF Capital Inc.’s holdings in Discover Financial Services were worth $520,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in Discover Financial Services in the fourth quarter valued at about $33,000. Flagship Wealth Advisors LLC acquired a new position in shares of Discover Financial Services in the 4th quarter valued at approximately $34,000. Grove Bank & Trust lifted 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 period. Bfsg LLC acquired a new stake in shares of Discover Financial Services during the 4th quarter worth approximately $35,000. Finally, Hantz Financial Services Inc. bought a new position in Discover Financial Services in the fourth quarter valued at approximately $37,000. 86.94% of the stock is owned by institutional investors and hedge funds.

Discover Financial Services Stock Up 2.3 %

Shares of DFS opened at $159.91 on Friday. The stock’s 50-day moving average price is $171.42 and its two-hundred day moving average price is $172.58. Discover Financial Services has a 12 month low of $119.95 and a 12 month high of $205.76. The company has a market capitalization of $40.23 billion, a PE ratio of 10.02, a PEG ratio of 1.51 and a beta of 1.20. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09.

Discover Financial Services (NYSE:DFS) last posted its quarterly earnings data 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%. On average, analysts anticipate that Discover Financial Services will post 13.88 EPS for the current year.

Discover Financial Services Announces Dividend

The company 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 dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Friday, May 23rd. Discover Financial Services’s dividend payout ratio is presently 17.54%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on DFS shares. 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 report on Friday, January 24th. StockNews.com cut Discover Financial Services from a “buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Truist Financial dropped their target price on shares of Discover Financial Services from $262.00 to $219.00 and set a “buy” rating for the company in a report on Friday, March 21st. Wells Fargo & Company lifted their price target on shares of Discover Financial Services from $185.00 to $214.00 and gave the company an “equal weight” rating in a report on Friday, January 24th. Finally, Barclays increased their price objective on shares of Discover Financial Services from $186.00 to $209.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Discover Financial Services currently has an average rating of “Hold” and a consensus price target of $188.40.

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.