CWA Asset Management Group LLC Boosts Holdings in Discover Financial Services (NYSE:DFS)

CWA Asset Management Group LLC raised its holdings in shares of Discover Financial Services (NYSE:DFSFree Report) by 11.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,155 shares of the financial services provider’s stock after buying an additional 2,017 shares during the period. CWA Asset Management Group LLC’s holdings in Discover Financial Services were worth $3,491,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in DFS. FMR LLC raised its holdings in Discover Financial Services by 8.0% in the 3rd quarter. FMR LLC now owns 7,493,862 shares of the financial services provider’s stock worth $1,051,314,000 after purchasing an additional 558,227 shares during the period. Samlyn Capital LLC lifted its position in shares of Discover Financial Services by 368.0% during the 2nd quarter. Samlyn Capital LLC now owns 646,691 shares of the financial services provider’s stock valued at $84,594,000 after buying an additional 508,504 shares in the last quarter. Mizuho Securities USA LLC lifted its position in shares of Discover Financial Services by 1,272.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 265,155 shares of the financial services provider’s stock valued at $37,199,000 after buying an additional 245,829 shares in the last quarter. Point72 Asset Management L.P. grew its stake in shares of Discover Financial Services by 67.1% during the 2nd quarter. Point72 Asset Management L.P. now owns 478,599 shares of the financial services provider’s stock valued at $62,606,000 after acquiring an additional 192,142 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in Discover Financial Services in the 3rd quarter worth approximately $21,169,000. 86.94% of the stock is currently owned by institutional investors.

Discover Financial Services Price Performance

Shares of Discover Financial Services stock opened at $178.89 on Tuesday. The stock has a market cap of $44.94 billion, a price-to-earnings ratio of 14.44, a price-to-earnings-growth ratio of 1.13 and a beta of 1.46. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.04 and a current ratio of 1.08. The stock has a 50 day moving average price of $173.39 and a 200-day moving average price of $149.34. Discover Financial Services has a one year low of $96.46 and a one year high of $188.26.

Discover Financial Services (NYSE:DFSGet Free Report) last announced its earnings results on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share for the quarter, beating the consensus estimate of $3.28 by $0.41. Discover Financial Services had a net margin of 13.78% and a return on equity of 21.38%. The business had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the prior year, the firm posted $2.59 earnings per share. Equities analysts expect that Discover Financial Services will post 13.43 EPS for the current year.

Discover Financial Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.80 annualized dividend and a dividend yield of 1.57%. Discover Financial Services’s dividend payout ratio (DPR) is presently 22.60%.

Analyst Ratings Changes

DFS has been the subject of a number of recent analyst reports. Evercore ISI upped 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 research report on Wednesday, October 30th. Barclays upgraded Discover Financial Services from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $137.00 to $186.00 in a research note on Monday. Royal Bank of Canada boosted their price objective on Discover Financial Services from $148.00 to $161.00 and gave the company a “sector perform” rating in a research report on Friday, October 18th. Wells Fargo & Company increased their target price on Discover Financial Services from $160.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, StockNews.com cut Discover Financial Services from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Discover Financial Services has a consensus rating of “Hold” and an average price target of $154.86.

Check Out Our Latest Report on DFS

Discover Financial Services Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Discover Financial Services (NYSE:DFS)

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