OneDigital Investment Advisors LLC Buys 523 Shares of Discover Financial Services (NYSE:DFS)

OneDigital Investment Advisors LLC raised its stake in Discover Financial Services (NYSE:DFS) by 10.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,492 shares of the financial services provider’s stock after purchasing an additional 523 shares during the period. OneDigital Investment Advisors LLC’s holdings in Discover Financial Services were worth $771,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of DFS. Eagle Bluffs Wealth Management LLC lifted its stake in shares of Discover Financial Services by 0.5% in the third quarter. Eagle Bluffs Wealth Management LLC now owns 14,501 shares of the financial services provider’s stock valued at $2,034,000 after buying an additional 67 shares during the period. Venturi Wealth Management LLC lifted its position in shares of Discover Financial Services by 27.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 316 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 68 shares during the period. Inlet Private Wealth LLC grew its holdings in shares of Discover Financial Services by 2.4% during the 3rd quarter. Inlet Private Wealth LLC now owns 3,185 shares of the financial services provider’s stock worth $447,000 after purchasing an additional 75 shares in the last quarter. First Trust Direct Indexing L.P. increased its position in shares of Discover Financial Services by 0.4% during the third quarter. First Trust Direct Indexing L.P. now owns 17,664 shares of the financial services provider’s stock valued at $2,478,000 after purchasing an additional 75 shares during the period. Finally, J.Safra Asset Management Corp raised its stake in shares of Discover Financial Services by 24.4% in the second quarter. J.Safra Asset Management Corp now owns 387 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 76 shares in the last quarter. 86.94% of the stock is currently owned by institutional investors and hedge funds.

Discover Financial Services Trading Down 0.4 %

Shares of NYSE DFS opened at $172.54 on Wednesday. Discover Financial Services has a 1-year low of $85.19 and a 1-year high of $188.26. The company has a 50-day moving average of $149.54 and a two-hundred day moving average of $136.74. The company has a market cap of $43.32 billion, a PE ratio of 13.93, a P/E/G ratio of 1.14 and a beta of 1.41. The company has a current ratio of 1.08, a quick ratio of 1.04 and a debt-to-equity ratio of 1.28.

Discover Financial Services (NYSE:DFS) last posted its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.28 by $0.41. The firm had revenue of $5.91 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the business earned $2.59 EPS. As a group, equities analysts expect that Discover Financial Services will post 13.23 earnings per share for the current fiscal year.

Discover Financial Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be given a $0.70 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.80 dividend on an annualized basis and a yield of 1.62%. Discover Financial Services’s payout ratio is 22.60%.

Wall Street Analyst Weigh In

DFS has been the topic of a number of recent research reports. Wells Fargo & Company lifted their price target on shares of Discover Financial Services from $152.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Royal Bank of Canada upped their target price on shares of Discover Financial Services from $148.00 to $161.00 and gave the company a “sector perform” rating in a research note on Friday, October 18th. Evercore ISI raised 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 note on Wednesday, October 30th. Finally, StockNews.com lowered Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $138.81.

About Discover Financial Services

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.