Mather Group LLC. Buys 104 Shares of Discover Financial Services (NYSE:DFS)

Mather Group LLC. increased its holdings in Discover Financial Services (NYSE:DFS) by 4.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,591 shares of the financial services provider’s stock after buying an additional 104 shares during the period. Mather Group LLC.’s holdings in Discover Financial Services were worth $449,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. raised its stake in Discover Financial Services by 506.5% in the third quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider’s stock worth $26,000 after buying an additional 157 shares in the last quarter. Grove Bank & Trust raised its stake in Discover Financial Services by 78.1% in the fourth 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. Point72 Asia Singapore Pte. Ltd. bought a new position in Discover Financial Services in the third quarter worth approximately $30,000. Hantz Financial Services Inc. bought a new position in Discover Financial Services in the fourth quarter worth approximately $37,000. Finally, Decker Retirement Planning Inc. bought a new position in Discover Financial Services in the fourth quarter worth approximately $47,000. Institutional investors own 86.94% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on DFS shares. Evercore ISI lifted their price target on shares of Discover Financial Services from $156.00 to $163.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. StockNews.com lowered shares of Discover Financial Services from a “buy” rating to a “hold” rating in a report on Friday, January 24th. Truist Financial lifted their price target on shares of Discover Financial Services from $233.00 to $262.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Keefe, Bruyette & Woods lifted their price target on shares of Discover Financial Services from $170.00 to $232.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Finally, UBS Group raised shares of Discover Financial Services from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $150.00 to $239.00 in a report on Monday, January 13th. Ten investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $182.64.

Discover Financial Services Trading Up 1.7 %

NYSE DFS opened at $201.79 on Thursday. The company has a market capitalization of $50.71 billion, a PE ratio of 12.64, a P/E/G ratio of 0.64 and a beta of 1.46. The company has a fifty day moving average of $182.09 and a 200 day moving average of $157.92. Discover Financial Services has a 1 year low of $104.08 and a 1 year high of $205.76. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.03.

Discover Financial Services (NYSE:DFS) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share (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%. Research analysts forecast that Discover Financial Services will post 13.39 earnings per share for the current year.

Discover Financial Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.80 dividend on an annualized basis and a yield of 1.39%. Discover Financial Services’s dividend payout ratio is presently 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.