Discover Financial Services (NYSE:DFS) Stake Lessened by Caprock Group LLC

Caprock Group LLC decreased its holdings in shares of Discover Financial Services (NYSE:DFS) by 7.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,285 shares of the financial services provider’s stock after selling 471 shares during the quarter. Caprock Group LLC’s holdings in Discover Financial Services were worth $1,089,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of DFS. DiNuzzo Private Wealth Inc. increased its holdings in shares of Discover Financial Services by 506.5% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 157 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Discover Financial Services in the 3rd quarter valued at approximately $30,000. Grove Bank & Trust lifted its position in Discover Financial Services by 78.1% in the 4th quarter. Grove Bank & Trust now owns 203 shares of the financial services provider’s stock worth $35,000 after buying an additional 89 shares in the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of Discover Financial Services during the 4th quarter valued at $37,000. Finally, Pinnacle Bancorp Inc. grew its holdings in shares of Discover Financial Services by 37.1% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 292 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 79 shares in the last quarter. 86.94% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Evercore ISI lifted their price objective on Discover Financial Services from $156.00 to $163.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Royal Bank of Canada boosted their price target on 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. Truist Financial raised their price objective on shares of Discover Financial Services from $233.00 to $262.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Barclays boosted their target price on shares of Discover Financial Services from $186.00 to $209.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Finally, UBS Group upgraded shares of Discover Financial Services from a “neutral” rating to a “buy” rating and raised their price target for the company from $150.00 to $239.00 in a report on Monday, January 13th. Ten research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $182.64.

Discover Financial Services Price Performance

NYSE DFS opened at $201.09 on Monday. The stock has a market capitalization of $50.54 billion, a PE ratio of 12.60, a P/E/G ratio of 0.64 and a beta of 1.46. The stock has a 50-day simple moving average of $181.46 and a 200 day simple moving average of $157.02. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.09. Discover Financial Services has a twelve month low of $104.08 and a twelve month high of $205.76.

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, 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%. Research analysts anticipate that Discover Financial Services will post 13.39 EPS for the current year.

Discover Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be given a $0.70 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.80 annualized dividend and a yield of 1.39%. Discover Financial Services’s dividend payout ratio is 17.54%.

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.