Twin Peaks Wealth Advisors LLC Has $248,000 Holdings in Discover Financial Services (NYSE:DFS)

Twin Peaks Wealth Advisors LLC decreased its position in shares of Discover Financial Services (NYSE:DFS) by 8.9% in the 4th quarter, Holdings Channel reports. The firm owned 1,434 shares of the financial services provider’s stock after selling 140 shares during the quarter. Twin Peaks Wealth Advisors LLC’s holdings in Discover Financial Services were worth $248,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in Discover Financial Services in the 4th quarter valued at $351,766,000. FMR LLC boosted its holdings in Discover Financial Services by 8.0% during the 3rd quarter. FMR LLC now owns 7,493,862 shares of the financial services provider’s stock worth $1,051,314,000 after acquiring an additional 558,227 shares during the last quarter. Mizuho Securities USA LLC grew its stake in shares of Discover Financial Services by 1,272.0% in the 3rd quarter. Mizuho Securities USA LLC now owns 265,155 shares of the financial services provider’s stock worth $37,199,000 after acquiring an additional 245,829 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in Discover Financial Services during the fourth quarter worth about $39,067,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Discover Financial Services during the third quarter valued at approximately $21,169,000. Institutional investors and hedge funds own 86.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DFS. Keefe, Bruyette & Woods boosted their target price on Discover Financial Services from $170.00 to $232.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Truist Financial boosted their price target on shares of Discover Financial Services from $233.00 to $262.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. JPMorgan Chase & Co. lifted their price target on Discover Financial Services from $146.00 to $169.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. Royal Bank of Canada raised their price objective on Discover Financial Services from $193.00 to $210.00 and gave the company a “sector perform” rating in a report on Friday, January 24th. Finally, Wells Fargo & Company upped their price objective on shares of Discover Financial Services from $185.00 to $214.00 and gave the company an “equal weight” rating in a research note on Friday, January 24th. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $191.91.

Discover Financial Services Trading Down 0.4 %

Discover Financial Services stock opened at $193.54 on Tuesday. Discover Financial Services has a 52 week low of $118.74 and a 52 week high of $205.76. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $48.64 billion, a price-to-earnings ratio of 12.13, a price-to-earnings-growth ratio of 1.51 and a beta of 1.46. The stock has a 50-day moving average price of $187.21 and a 200 day moving average price of $163.95.

Discover Financial Services (NYSE:DFS) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $5.11 EPS 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%. Sell-side analysts anticipate that Discover Financial Services will post 13.88 EPS for the current year.

Discover Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.70 per share. The ex-dividend date is Friday, May 23rd. This represents a $2.80 annualized dividend and a dividend yield of 1.45%. 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.