Citizens Financial Group Inc. RI Has $2.23 Million Position in Discover Financial Services (NYSE:DFS)

Citizens Financial Group Inc. RI boosted its holdings in Discover Financial Services (NYSE:DFS) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,869 shares of the financial services provider’s stock after buying an additional 290 shares during the period. Citizens Financial Group Inc. RI’s holdings in Discover Financial Services were worth $2,233,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Bruce G. Allen Investments LLC acquired a new position in Discover Financial Services in the fourth quarter valued at approximately $28,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Discover Financial Services in the fourth quarter worth $35,000. Anchor Investment Management LLC acquired a new stake in Discover Financial Services in the fourth quarter worth $42,000. First Command Advisory Services Inc. acquired a new stake in Discover Financial Services in the third quarter worth $39,000. Finally, Larson Financial Group LLC raised its holdings in Discover Financial Services by 105.8% in the third quarter. Larson Financial Group LLC now owns 465 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 239 shares during the period. 86.94% of the stock is currently owned by institutional investors and hedge funds.

Discover Financial Services Stock Performance

Shares of NYSE DFS traded up $2.03 during mid-day trading on Friday, reaching $127.70. 1,154,892 shares of the company were exchanged, compared to its average volume of 1,204,117. The company’s 50-day simple moving average is $123.80 and its 200-day simple moving average is $107.27. The company has a quick ratio of 1.13, a current ratio of 1.05 and a debt-to-equity ratio of 1.49. The stock has a market capitalization of $32.00 billion, a P/E ratio of 14.56, a P/E/G ratio of 0.76 and a beta of 1.45. Discover Financial Services has a twelve month low of $79.04 and a twelve month high of $131.65.

Discover Financial Services (NYSE:DFS) last posted its earnings results on Thursday, April 18th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.98 by ($1.88). The company had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.07 billion. Discover Financial Services had a return on equity of 16.74% and a net margin of 10.56%. During the same quarter in the prior year, the business posted $3.58 EPS. As a group, research analysts predict that Discover Financial Services will post 11.39 earnings per share for the current year.

Discover Financial Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Wednesday, May 22nd. Discover Financial Services’s dividend payout ratio (DPR) is 31.93%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Discover Financial Services from $110.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. Barclays raised their target price on shares of Discover Financial Services from $120.00 to $123.00 and gave the company an “equal weight” rating in a research report on Friday, April 19th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Discover Financial Services from $140.00 to $111.00 and set a “hold” rating for the company in a research note on Friday, January 19th. Piper Sandler increased their price target on shares of Discover Financial Services from $127.00 to $145.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Discover Financial Services in a research note on Wednesday, February 21st. Twelve research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Discover Financial Services currently has a consensus rating of “Hold” and a consensus target price of $126.29.

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; private student loans, 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.