1,392 Shares in Discover Financial Services (NYSE:DFS) Purchased by AA Financial Advisors LLC

AA Financial Advisors LLC bought a new stake in Discover Financial Services (NYSE:DFS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,392 shares of the financial services provider’s stock, valued at approximately $241,000.

Several other hedge funds also recently made changes to their positions in DFS. UMB Bank n.a. boosted its holdings in Discover Financial Services by 0.6% during the fourth quarter. UMB Bank n.a. now owns 9,248 shares of the financial services provider’s stock worth $1,602,000 after purchasing an additional 56 shares during the last quarter. Invst LLC lifted its position in Discover Financial Services by 0.9% during the 3rd quarter. Invst LLC now owns 7,253 shares of the financial services provider’s stock worth $1,018,000 after buying an additional 62 shares in the last quarter. CTC Alternative Strategies Ltd. grew its holdings in shares of Discover Financial Services by 3.2% in the 3rd quarter. CTC Alternative Strategies Ltd. now owns 2,047 shares of the financial services provider’s stock valued at $287,000 after acquiring an additional 63 shares in the last quarter. Eagle Bluffs Wealth Management LLC increased its position in shares of Discover Financial Services by 0.5% in the third quarter. Eagle Bluffs Wealth Management LLC now owns 14,501 shares of the financial services provider’s stock valued at $2,034,000 after acquiring an additional 67 shares during the last quarter. Finally, Perigon Wealth Management LLC increased its position in shares of Discover Financial Services by 3.5% in the fourth quarter. Perigon Wealth Management LLC now owns 1,967 shares of the financial services provider’s stock valued at $364,000 after acquiring an additional 67 shares during the last quarter. 86.94% of the stock is owned by institutional investors.

Discover Financial Services Price Performance

Shares of NYSE DFS opened at $202.42 on Friday. The business’s 50 day moving average is $180.47 and its 200-day moving average is $156.15. The firm has a market cap of $50.87 billion, a P/E ratio of 12.68, a price-to-earnings-growth ratio of 0.64 and a beta of 1.46. Discover Financial Services has a 1-year low of $104.08 and a 1-year high of $205.76. 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 earnings per share for the quarter, topping 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%. Equities research analysts predict that Discover Financial Services will post 13.39 earnings per share 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 issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Friday, May 23rd. Discover Financial Services’s dividend payout ratio is currently 17.54%.

Analyst Ratings Changes

Several research analysts recently commented on DFS shares. JPMorgan Chase & Co. increased their price target on Discover Financial Services from $146.00 to $169.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. Barclays increased their price objective on Discover Financial Services from $186.00 to $209.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Truist Financial boosted their target price on shares of Discover Financial Services from $233.00 to $262.00 and gave the stock a “buy” rating in a report on Monday. Royal Bank of Canada increased their price target on shares of Discover Financial Services from $193.00 to $210.00 and gave the company a “sector perform” rating in a research note on Friday, January 24th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Discover Financial Services from $170.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Discover Financial Services presently has an average rating of “Hold” and a consensus target price of $182.64.

About Discover Financial Services

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.