ORBA Wealth Advisors L.L.C. Increases Stock Holdings in Discover Financial Services (NYSE:DFS)

ORBA Wealth Advisors L.L.C. lifted its position in shares of Discover Financial Services (NYSE:DFS) by 16.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 26,157 shares of the financial services provider’s stock after buying an additional 3,761 shares during the quarter. Discover Financial Services comprises 2.4% of ORBA Wealth Advisors L.L.C.’s holdings, making the stock its 12th biggest position. ORBA Wealth Advisors L.L.C.’s holdings in Discover Financial Services were worth $4,531,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. State Street Corp lifted its stake in Discover Financial Services by 0.8% in the third quarter. State Street Corp now owns 10,498,044 shares of the financial services provider’s stock valued at $1,472,771,000 after buying an additional 80,601 shares during the last quarter. FMR LLC grew its holdings in shares of Discover Financial Services by 8.0% during the 3rd quarter. FMR LLC now owns 7,493,862 shares of the financial services provider’s stock valued at $1,051,314,000 after acquiring an additional 558,227 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Discover Financial Services during the 4th quarter valued at $351,766,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Discover Financial Services by 0.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,834,705 shares of the financial services provider’s stock worth $257,391,000 after acquiring an additional 12,255 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Discover Financial Services by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,728,276 shares of the financial services provider’s stock worth $242,460,000 after purchasing an additional 7,751 shares during the period. Institutional investors and hedge funds own 86.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Discover Financial Services from $146.00 to $169.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Evercore ISI increased their price objective on Discover Financial Services from $156.00 to $163.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Truist Financial raised their price objective on shares of Discover Financial Services from $233.00 to $262.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. StockNews.com downgraded Discover Financial Services from a “buy” rating to a “hold” rating in a research report on Friday, January 24th. Finally, Royal Bank of Canada increased their target price on shares of Discover Financial Services from $193.00 to $210.00 and gave the stock a “sector perform” rating in a report on Friday, January 24th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $191.91.

Discover Financial Services Price Performance

DFS stock opened at $187.66 on Wednesday. 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 firm has a 50-day moving average of $187.49 and a 200 day moving average of $164.38. The company has a market cap of $47.16 billion, a P/E ratio of 11.76, a PEG ratio of 1.51 and a beta of 1.46. Discover Financial Services has a 1 year low of $118.74 and a 1 year high of $205.76.

Discover Financial Services (NYSE:DFS) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share 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%. On average, sell-side analysts forecast that Discover Financial Services will post 13.88 EPS for the current year.

Discover Financial Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be paid a $0.70 dividend. The ex-dividend date is Friday, May 23rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.49%. Discover Financial Services’s payout ratio is currently 17.54%.

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.