One Wealth Advisors LLC Makes New Investment in Discover Financial Services (NYSE:DFS)

One Wealth Advisors LLC bought a new stake in Discover Financial Services (NYSE:DFS) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 3,166 shares of the financial services provider’s stock, valued at approximately $444,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SageView Advisory Group LLC purchased a new stake in Discover Financial Services in the 4th quarter valued at $250,000. Massmutual Trust Co. FSB ADV grew its holdings in shares of Discover Financial Services by 14.6% during the first quarter. Massmutual Trust Co. FSB ADV now owns 854 shares of the financial services provider’s stock worth $112,000 after buying an additional 109 shares during the last quarter. Alaska Permanent Fund Corp raised its stake in Discover Financial Services by 6.4% during the 1st quarter. Alaska Permanent Fund Corp now owns 22,397 shares of the financial services provider’s stock valued at $2,936,000 after acquiring an additional 1,341 shares during the last quarter. Czech National Bank lifted its position in Discover Financial Services by 0.5% during the 1st quarter. Czech National Bank now owns 43,998 shares of the financial services provider’s stock worth $5,768,000 after acquiring an additional 202 shares during the period. Finally, Wedmont Private Capital purchased a new stake in shares of Discover Financial Services during the first quarter worth approximately $265,000. 86.94% of the stock is owned by hedge funds and other institutional investors.

Discover Financial Services Trading Up 1.5 %

Shares of DFS stock traded up $2.20 on Thursday, reaching $149.73. 416,720 shares of the stock were exchanged, compared to its average volume of 1,623,411. Discover Financial Services has a 1-year low of $79.04 and a 1-year high of $152.90. The stock has a market cap of $37.55 billion, a P/E ratio of 17.01, a price-to-earnings-growth ratio of 0.94 and a beta of 1.41. The company has a quick ratio of 1.04, a current ratio of 1.12 and a debt-to-equity ratio of 1.28. The firm has a 50 day moving average of $136.12 and a two-hundred day moving average of $130.75.

Discover Financial Services (NYSE:DFS) last issued its earnings results on Wednesday, October 16th. The financial services provider reported $3.69 EPS for the quarter, beating analysts’ consensus estimates of $3.28 by $0.41. Discover Financial Services had a net margin of 12.88% and a return on equity of 20.92%. The business had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter last year, the firm posted $2.59 EPS. On average, research analysts anticipate that Discover Financial Services will post 13.15 EPS for the current year.

Discover Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.87%. Discover Financial Services’s dividend payout ratio (DPR) is presently 31.93%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on DFS shares. BMO Capital Markets upped their price objective on shares of Discover Financial Services from $115.00 to $119.00 and gave the stock a “market perform” rating in a research report on Friday, July 19th. Barclays raised their price objective on shares of Discover Financial Services from $135.00 to $137.00 and gave the company an “equal weight” rating in a research report on Friday, July 19th. Jefferies Financial Group increased their target price on Discover Financial Services from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Keefe, Bruyette & Woods upped their price objective on Discover Financial Services from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Monday, July 8th. Finally, Evercore ISI raised their target price on Discover Financial Services from $140.00 to $156.00 and gave the company an “in-line” rating in a report on Monday, October 7th. Thirteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Discover Financial Services has an average rating of “Hold” and a consensus target price of $133.88.

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.