Discover Financial Services (NYSE:DFS) Shares Sold by Invesco LLC

Invesco LLC cut its stake in shares of Discover Financial Services (NYSE:DFS) by 4.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,456 shares of the financial services provider’s stock after selling 75 shares during the quarter. Invesco LLC’s holdings in Discover Financial Services were worth $252,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. DiNuzzo Private Wealth Inc. grew its stake in Discover Financial Services by 506.5% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 157 shares during the last quarter. Grove Bank & Trust increased its holdings in 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 buying an additional 89 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in Discover Financial Services during the 3rd quarter worth approximately $30,000. Hantz Financial Services Inc. acquired a new stake in Discover Financial Services during the 4th quarter valued at approximately $37,000. Finally, Decker Retirement Planning Inc. purchased a new stake in shares of Discover Financial Services in the 4th quarter valued at $47,000. 86.94% of the stock is owned by institutional investors and hedge funds.

Discover Financial Services Stock Up 0.9 %

Shares of Discover Financial Services stock traded up $1.80 on Wednesday, reaching $201.33. 122,831 shares of the company were exchanged, compared to its average volume of 1,505,609. The stock’s 50 day moving average price is $179.90 and its 200-day moving average price is $155.83. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.10 and a quick ratio of 1.03. Discover Financial Services has a 1-year low of $104.08 and a 1-year high of $204.93. The company has a market cap of $50.60 billion, a P/E ratio of 12.63, a price-to-earnings-growth ratio of 1.15 and a beta of 1.46.

Discover Financial Services (NYSE:DFS) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.13 by $1.98. Discover Financial Services had a return on equity of 27.52% and a net margin of 17.29%. As a group, equities analysts forecast that Discover Financial Services will post 12.82 EPS for the current year.

Discover Financial Services Dividend Announcement

The company 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 $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Friday, May 23rd. Discover Financial Services’s dividend payout ratio is currently 17.54%.

Analysts Set New Price Targets

DFS has been the subject of a number of research reports. StockNews.com downgraded shares of Discover Financial Services from a “buy” rating to a “hold” rating in a research report on Friday, January 24th. Barclays increased their price target on shares of Discover Financial Services from $186.00 to $209.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Truist Financial boosted their price target on shares of Discover Financial Services from $233.00 to $262.00 and gave the stock a “buy” rating in a report on Monday. Evercore ISI raised their price target on shares of 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, Keefe, Bruyette & Woods lifted their price target on Discover Financial Services from $170.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $182.64.

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.