Discover Financial Services (NYSE:DFS) Shares Bought by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB increased its holdings in shares of Discover Financial Services (NYSE:DFS) by 26.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,730 shares of the financial services provider’s stock after acquiring an additional 2,450 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Discover Financial Services were worth $2,032,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DFS. Mather Group LLC. increased its stake in shares of Discover Financial Services by 4.2% in the fourth quarter. Mather Group LLC. now owns 2,591 shares of the financial services provider’s stock valued at $449,000 after purchasing an additional 104 shares during the period. Flavin Financial Services Inc. acquired a new stake in shares of Discover Financial Services in the 4th quarter worth approximately $937,000. Calamos Wealth Management LLC bought a new position in shares of Discover Financial Services in the fourth quarter valued at approximately $250,000. Patron Partners LLC raised its holdings in Discover Financial Services by 4.7% during the fourth quarter. Patron Partners LLC now owns 4,500 shares of the financial services provider’s stock worth $779,000 after purchasing an additional 201 shares in the last quarter. Finally, Trust Point Inc. acquired a new stake in Discover Financial Services in the fourth quarter worth approximately $220,000. 86.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DFS has been the topic of several research analyst reports. UBS Group raised Discover Financial Services from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $150.00 to $239.00 in a research note on Monday, January 13th. Evercore ISI lifted their price objective 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. Wells Fargo & Company raised their target price on shares of Discover Financial Services from $185.00 to $214.00 and gave the stock an “equal weight” rating in a report on Friday, January 24th. Keefe, Bruyette & Woods raised their price objective on Discover Financial Services from $170.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, Truist Financial upped their target price on Discover Financial Services from $233.00 to $262.00 and gave the company a “buy” rating in a report on Monday, January 27th. Ten research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $182.64.

Discover Financial Services Stock Performance

Shares of NYSE DFS opened at $198.42 on Wednesday. The business’s 50-day simple moving average is $181.78 and its 200-day simple moving average is $157.52. Discover Financial Services has a 52 week low of $104.08 and a 52 week high of $205.76. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.09. The firm has a market cap of $49.87 billion, a price-to-earnings ratio of 12.43, a P/E/G ratio of 0.64 and a beta of 1.46.

Discover Financial Services (NYSE:DFS) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 EPS for the quarter, beating analysts’ consensus estimates of $3.13 by $1.98. Discover Financial Services had a net margin of 17.29% and a return on equity of 26.18%. As a group, equities research analysts expect that Discover Financial Services will post 13.39 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 Friday, June 6th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Friday, May 23rd. 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.