Thrivent Financial for Lutherans Has $84.80 Million Holdings in Discover Financial Services (NYSE:DFS)

Thrivent Financial for Lutherans decreased its position in Discover Financial Services (NYSE:DFS) by 0.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 604,475 shares of the financial services provider’s stock after selling 489 shares during the period. Thrivent Financial for Lutherans’ holdings in Discover Financial Services were worth $84,802,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. boosted its position in shares of Discover Financial Services by 506.5% in the third quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider’s stock worth $26,000 after buying an additional 157 shares during the period. Opal Wealth Advisors LLC acquired a new stake in Discover Financial Services during the 2nd quarter worth about $26,000. Y.D. More Investments Ltd grew its stake in Discover Financial Services by 147.8% during the 2nd quarter. Y.D. More Investments Ltd now owns 223 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 133 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Discover Financial Services by 72.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 226 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 95 shares during the period. Finally, Larson Financial Group LLC lifted its position in shares of Discover Financial Services by 348.2% in the second quarter. Larson Financial Group LLC now owns 251 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 195 shares in the last quarter. 86.94% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DFS has been the topic of a number of research reports. 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 note on Wednesday, October 30th. Royal Bank of Canada increased their price objective on Discover Financial Services from $148.00 to $161.00 and gave the company a “sector perform” rating in a report on Friday, October 18th. StockNews.com downgraded shares of Discover Financial Services from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Finally, Wells Fargo & Company lifted their target price on Discover Financial Services from $152.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $138.81.

Discover Financial Services Stock Performance

Shares of Discover Financial Services stock opened at $176.07 on Monday. The business has a 50-day simple moving average of $147.90 and a 200 day simple moving average of $136.07. Discover Financial Services has a one year low of $84.03 and a one year high of $188.26. The firm has a market capitalization of $44.21 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 1.14 and a beta of 1.41. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.08 and a quick ratio of 1.04.

Discover Financial Services (NYSE:DFS) last issued its earnings results on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.28 by $0.41. The business had revenue of $5.91 billion for the quarter, compared to analysts’ expectations of $4.36 billion. Discover Financial Services had a net margin of 13.78% and a return on equity of 21.38%. During the same quarter in the previous year, the firm posted $2.59 EPS. On average, research analysts anticipate that Discover Financial Services will post 13.23 earnings per share for the current fiscal year.

Discover Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Thursday, November 21st. Discover Financial Services’s dividend payout ratio (DPR) is presently 22.60%.

Discover Financial Services Company 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.