Discover Financial Services (NYSE:DFS) Holdings Boosted by Dynasty Wealth Management LLC

Dynasty Wealth Management LLC raised its stake in Discover Financial Services (NYSE:DFS) by 11.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 11,413 shares of the financial services provider’s stock after purchasing an additional 1,142 shares during the quarter. Dynasty Wealth Management LLC’s holdings in Discover Financial Services were worth $1,977,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Discover Financial Services in the third quarter valued at $30,000. Grove Bank & Trust lifted its position in Discover Financial Services by 78.1% during the 4th quarter. Grove Bank & Trust now owns 203 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 89 shares during the period. Bfsg LLC bought a new position in shares of Discover Financial Services in the 4th quarter worth $35,000. Hantz Financial Services Inc. acquired a new position in Discover Financial Services during the fourth quarter valued at approximately $37,000. Finally, Venturi Wealth Management LLC increased its holdings in shares of Discover Financial Services by 27.4% in the third 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 in the last quarter. Institutional investors own 86.94% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on DFS shares. StockNews.com downgraded Discover Financial Services from a “buy” rating to a “hold” rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods increased their price target on Discover Financial Services from $170.00 to $232.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Wells Fargo & Company raised their target price on Discover Financial Services from $185.00 to $214.00 and gave the company an “equal weight” rating in a research note on Friday, January 24th. Truist Financial boosted their price objective on Discover Financial Services from $233.00 to $262.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Discover Financial Services from $146.00 to $169.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $191.91.

Discover Financial Services Trading Up 0.5 %

Shares of Discover Financial Services stock opened at $191.20 on Friday. The stock’s 50 day simple moving average is $188.37 and its 200-day simple moving average is $164.75. The stock has a market cap of $48.11 billion, a P/E ratio of 11.98, a P/E/G ratio of 1.51 and a beta of 1.46. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.03. Discover Financial Services has a 1-year low of $118.74 and a 1-year high of $205.76.

Discover Financial Services (NYSE:DFS) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share for the quarter, beating analysts’ consensus estimates of $3.13 by $1.98. Discover Financial Services had a return on equity of 26.18% and a net margin of 17.29%. Analysts predict that Discover Financial Services will post 13.88 EPS for the current fiscal year.

Discover Financial Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be issued a $0.70 dividend. The ex-dividend date is Friday, May 23rd. This represents a $2.80 dividend on an annualized basis and a yield of 1.46%. Discover Financial Services’s dividend payout ratio (DPR) is 17.54%.

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; 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.