1,171 Shares in Discover Financial Services (NYSE:DFS) Acquired by Forvis Mazars Wealth Advisors LLC

Forvis Mazars Wealth Advisors LLC purchased a new position in shares of Discover Financial Services (NYSE:DFS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,171 shares of the financial services provider’s stock, valued at approximately $203,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of DFS. Bfsg LLC acquired a new stake in shares of Discover Financial Services in the fourth quarter worth $35,000. Grove Bank & Trust increased its position in shares of 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 acquiring an additional 89 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Discover Financial Services in the third quarter worth $30,000. Hantz Financial Services Inc. acquired a new stake in shares of Discover Financial Services in the fourth quarter worth $37,000. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of Discover Financial Services in the fourth quarter worth $47,000. Institutional investors and hedge funds own 86.94% of the company’s stock.

Discover Financial Services Trading Down 0.4 %

NYSE DFS opened at $193.54 on Tuesday. Discover Financial Services has a 12 month low of $118.74 and a 12 month 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. 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 company’s fifty day moving average price is $187.21 and its two-hundred day moving average price is $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 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, research analysts predict that Discover Financial Services will post 13.88 earnings per share for the current fiscal year.

Discover Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.70 per share. The ex-dividend date is Friday, May 23rd. This represents a $2.80 dividend on an annualized basis and a yield of 1.45%. Discover Financial Services’s dividend payout ratio (DPR) is 17.54%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Evercore ISI increased 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 report on Wednesday, October 30th. UBS Group raised shares of Discover Financial Services from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $150.00 to $239.00 in a research report on Monday, January 13th. Barclays increased their price objective 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. Royal Bank of Canada upped their target price on shares of 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. Finally, Truist Financial upped their target price on shares of Discover Financial Services from $233.00 to $262.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $191.91.

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.