First Horizon Advisors Inc. Has $846,000 Holdings in Discover Financial Services (NYSE:DFS)

First Horizon Advisors Inc. lifted its holdings in Discover Financial Services (NYSE:DFS) by 8.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,028 shares of the financial services provider’s stock after acquiring an additional 459 shares during the period. First Horizon Advisors Inc.’s holdings in Discover Financial Services were worth $846,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in DFS. Elser Financial Planning Inc acquired a new stake in shares of Discover Financial Services in the 2nd quarter valued at $91,044,000. Magnetar Financial LLC acquired a new stake in Discover Financial Services in the first quarter valued at about $71,693,000. Samlyn Capital LLC grew its position in Discover Financial Services by 368.0% in the second quarter. Samlyn Capital LLC now owns 646,691 shares of the financial services provider’s stock valued at $84,594,000 after acquiring an additional 508,504 shares during the last quarter. Mizuho Securities USA LLC raised its stake in Discover Financial Services by 1,272.0% during the third 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. Finally, Point72 Asset Management L.P. lifted its holdings in shares of Discover Financial Services by 67.1% in the second quarter. Point72 Asset Management L.P. now owns 478,599 shares of the financial services provider’s stock worth $62,606,000 after acquiring an additional 192,142 shares during the last quarter. 86.94% of the stock is owned by institutional investors.

Discover Financial Services Stock Up 1.7 %

Shares of NYSE:DFS opened at $175.01 on Friday. Discover Financial Services has a 1 year low of $85.19 and a 1 year high of $188.26. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.08 and a quick ratio of 1.04. The business’s 50-day moving average is $151.33 and its 200-day moving average is $137.26. The company has a market capitalization of $43.94 billion, a price-to-earnings ratio of 14.12, a P/E/G ratio of 1.10 and a beta of 1.41.

Discover Financial Services (NYSE:DFS) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.28 by $0.41. The firm had revenue of $5.91 billion for the quarter, compared to analyst estimates of $4.36 billion. Discover Financial Services had a return on equity of 21.38% and a net margin of 13.78%. During the same period in the previous year, the firm earned $2.59 earnings per share. Equities research analysts predict that Discover Financial Services will post 13.34 earnings per share for the current year.

Discover Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Thursday, November 21st. Discover Financial Services’s payout ratio is 22.60%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Wells Fargo & Company increased their price target on Discover Financial Services from $152.00 to $160.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Royal Bank of Canada increased their target price 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. Evercore ISI boosted their price target on Discover Financial Services from $156.00 to $163.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Finally, StockNews.com lowered shares of Discover Financial Services from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Thirteen 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.com, the stock currently has an average rating of “Hold” and a consensus target price of $138.81.

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.