Factorial Partners LLC Has $3.55 Million Position in Discover Financial Services (NYSE:DFS)

Factorial Partners LLC increased its holdings in shares of Discover Financial Services (NYSE:DFS) by 1.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 39,000 shares of the financial services provider’s stock after purchasing an additional 500 shares during the period. Discover Financial Services makes up 3.1% of Factorial Partners LLC’s holdings, making the stock its 5th biggest holding. Factorial Partners LLC’s holdings in Discover Financial Services were worth $3,546,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of DFS. Legal & General Group Plc grew its stake in Discover Financial Services by 5.3% during the second quarter. Legal & General Group Plc now owns 2,311,805 shares of the financial services provider’s stock worth $218,651,000 after purchasing an additional 116,693 shares during the period. First Trust Advisors LP increased its position in Discover Financial Services by 489.5% in the first quarter. First Trust Advisors LP now owns 1,999,341 shares of the financial services provider’s stock worth $220,307,000 after buying an additional 1,660,180 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Discover Financial Services by 2.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,975,544 shares of the financial services provider’s stock valued at $179,614,000 after purchasing an additional 43,921 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Discover Financial Services by 51.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,636,711 shares of the financial services provider’s stock valued at $154,801,000 after acquiring an additional 554,438 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Discover Financial Services by 1.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,617,136 shares of the financial services provider’s stock worth $178,193,000 after purchasing an additional 27,302 shares during the last quarter. 81.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DFS has been the topic of a number of research analyst reports. StockNews.com began coverage on Discover Financial Services in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Credit Suisse Group cut their price target on Discover Financial Services from $123.00 to $120.00 and set an “outperform” rating for the company in a research note on Friday, January 20th. Bank of America downgraded shares of Discover Financial Services from a “buy” rating to an “underperform” rating in a report on Tuesday, December 13th. UBS Group started coverage on shares of Discover Financial Services in a research note on Monday, November 21st. They issued a “neutral” rating and a $120.00 price objective for the company. Finally, Wells Fargo & Company lifted their price objective on shares of Discover Financial Services from $103.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday, December 15th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $118.57.

Discover Financial Services Trading Up 1.1 %

DFS stock opened at $111.49 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 1.26 and a debt-to-equity ratio of 1.53. Discover Financial Services has a 12-month low of $87.64 and a 12-month high of $129.12. The stock has a market cap of $30.46 billion, a price-to-earnings ratio of 7.20, a PEG ratio of 1.44 and a beta of 1.41. The business’s 50-day moving average is $103.38 and its 200 day moving average is $101.42.

Discover Financial Services (NYSE:DFSGet Rating) last released its earnings results on Thursday, January 19th. The financial services provider reported $3.77 earnings per share for the quarter, topping analysts’ consensus estimates of $3.58 by $0.19. Discover Financial Services had a net margin of 28.89% and a return on equity of 33.21%. The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.68 billion. During the same period last year, the company posted $3.64 EPS. The business’s revenue was up 27.1% on a year-over-year basis. On average, sell-side analysts anticipate that Discover Financial Services will post 14 EPS for the current fiscal year.

Discover Financial Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 9th. Shareholders of record on Thursday, February 23rd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Wednesday, February 22nd. Discover Financial Services’s dividend payout ratio (DPR) is 15.49%.

Insiders Place Their Bets

In other Discover Financial Services news, Director Michael H. Moskow sold 1,291 shares of the firm’s stock in a transaction that occurred on Wednesday, December 7th. The shares were sold at an average price of $105.10, for a total value of $135,684.10. Following the transaction, the director now directly owns 51,596 shares of the company’s stock, valued at approximately $5,422,739.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.59% of the company’s stock.

About Discover Financial Services

(Get Rating)

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.

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

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