1,481 Shares in Discover Financial Services (NYSE:DFS) Purchased by Catalyst Financial Partners LLC

Catalyst Financial Partners LLC bought a new position in shares of Discover Financial Services (NYSE:DFS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,481 shares of the financial services provider’s stock, valued at approximately $257,000.

Other large investors also recently modified their holdings of the company. DiNuzzo Private Wealth Inc. raised 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 worth $26,000 after purchasing an additional 157 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Discover Financial Services in the 3rd quarter worth about $30,000. Grove Bank & Trust raised its holdings in shares of 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 purchasing an additional 89 shares during the period. Hantz Financial Services Inc. purchased a new position in shares of Discover Financial Services in the 4th quarter worth about $37,000. Finally, Venturi Wealth Management LLC raised its holdings in shares of Discover Financial Services by 27.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 316 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 68 shares during the period. 86.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Wells Fargo & Company raised their price objective on 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 increased 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. StockNews.com lowered Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Friday, January 24th. Evercore ISI increased their target price on Discover Financial Services from $156.00 to $163.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Finally, Truist Financial increased their target price on Discover Financial Services from $233.00 to $262.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $186.46.

Discover Financial Services Price Performance

Shares of DFS opened at $196.14 on Friday. The firm has a market cap of $49.29 billion, a price-to-earnings ratio of 12.29, a PEG ratio of 0.63 and a beta of 1.46. The stock has a 50 day moving average of $184.37 and a 200-day moving average of $160.38. 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 has a 52 week low of $109.50 and a 52 week high of $205.76.

Discover Financial Services (NYSE:DFS) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 EPS 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%. As a group, analysts forecast that Discover Financial Services will post 13.57 EPS for the current year.

Discover Financial Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders 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 dividend yield of 1.43%. Discover Financial Services’s payout ratio is 17.54%.

Discover Financial Services 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.