Willner & Heller LLC Purchases Shares of 2,612 Discover Financial Services (NYSE:DFS)

Willner & Heller LLC acquired a new position in shares of Discover Financial Services (NYSE:DFS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,612 shares of the financial services provider’s stock, valued at approximately $294,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in DFS. Kestra Advisory Services LLC lifted its holdings in shares of Discover Financial Services by 6.9% in the third quarter. Kestra Advisory Services LLC now owns 19,162 shares of the financial services provider’s stock valued at $1,660,000 after purchasing an additional 1,234 shares in the last quarter. Rafferty Asset Management LLC grew its stake in shares of Discover Financial Services by 3.2% during the 3rd quarter. Rafferty Asset Management LLC now owns 87,467 shares of the financial services provider’s stock worth $7,577,000 after acquiring an additional 2,753 shares in the last quarter. Korea Investment CORP grew its stake in shares of Discover Financial Services by 14.0% during the 3rd quarter. Korea Investment CORP now owns 329,697 shares of the financial services provider’s stock worth $28,562,000 after acquiring an additional 40,393 shares in the last quarter. QRG Capital Management Inc. acquired a new stake in shares of Discover Financial Services in the third quarter valued at approximately $1,493,000. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in shares of Discover Financial Services in the third quarter worth $5,429,000. 86.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. HSBC raised their target price on shares of Discover Financial Services from $107.00 to $144.00 and gave the company a “hold” rating in a research report on Thursday, March 21st. Seaport Res Ptn downgraded Discover Financial Services from a “buy” rating to a “neutral” rating in a research report on Friday, March 15th. Barclays increased their price target on Discover Financial Services from $120.00 to $123.00 and gave the company an “equal weight” rating in a research report on Friday, April 19th. StockNews.com initiated coverage on Discover Financial Services in a report on Thursday. They set a “hold” rating for the company. Finally, Evercore ISI upped their price objective on shares of Discover Financial Services from $117.00 to $140.00 and gave the company an “in-line” rating in a report on Thursday, February 22nd. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Discover Financial Services currently has an average rating of “Hold” and a consensus target price of $126.29.

Check Out Our Latest Report on DFS

Discover Financial Services Trading Down 0.3 %

Shares of DFS stock traded down $0.33 on Friday, hitting $122.00. 1,384,773 shares of the company’s stock traded hands, compared to its average volume of 1,166,573. The company’s fifty day simple moving average is $124.01 and its 200 day simple moving average is $116.98. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.12 and a current ratio of 1.12. Discover Financial Services has a one year low of $79.04 and a one year high of $131.65. The stock has a market capitalization of $30.57 billion, a price-to-earnings ratio of 13.91, a P/E/G ratio of 0.74 and a beta of 1.41.

Discover Financial Services (NYSE:DFSGet Free Report) last posted its earnings results on Thursday, April 18th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.98 by ($1.88). The business had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $4.07 billion. Discover Financial Services had a net margin of 10.56% and a return on equity of 17.07%. During the same period last year, the firm posted $3.58 earnings per share. Equities analysts forecast that Discover Financial Services will post 11.48 EPS for the current year.

Discover Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Thursday, May 23rd were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend was Wednesday, May 22nd. Discover Financial Services’s dividend payout ratio is presently 31.93%.

Discover Financial Services Profile

(Free Report)

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; private student loans, 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.

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Institutional Ownership by Quarter for Discover Financial Services (NYSE:DFS)

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