Commerzbank Aktiengesellschaft FI Buys 280 Shares of Discover Financial Services (NYSE:DFS)

Commerzbank Aktiengesellschaft FI raised its stake in shares of Discover Financial Services (NYSE:DFS) by 16.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,966 shares of the financial services provider’s stock after acquiring an additional 280 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Discover Financial Services were worth $340,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Hemington Wealth Management lifted its holdings in shares of Discover Financial Services by 11.0% during the fourth quarter. Hemington Wealth Management now owns 503 shares of the financial services provider’s stock valued at $87,000 after acquiring an additional 50 shares during the period. UMB Bank n.a. lifted its holdings in shares of Discover Financial Services by 0.6% during the fourth quarter. UMB Bank n.a. now owns 9,248 shares of the financial services provider’s stock valued at $1,602,000 after acquiring an additional 56 shares during the period. Stratos Wealth Partners LTD. lifted its holdings in shares of Discover Financial Services by 0.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 6,158 shares of the financial services provider’s stock valued at $1,067,000 after acquiring an additional 57 shares during the period. Invst LLC lifted its holdings in shares of Discover Financial Services by 0.9% during the third quarter. Invst LLC now owns 7,253 shares of the financial services provider’s stock valued at $1,018,000 after acquiring an additional 62 shares during the period. Finally, CTC Alternative Strategies Ltd. lifted its holdings in shares of Discover Financial Services by 3.2% during the third quarter. CTC Alternative Strategies Ltd. now owns 2,047 shares of the financial services provider’s stock valued at $287,000 after acquiring an additional 63 shares during the period. 86.94% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on DFS shares. UBS Group raised Discover Financial Services from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $150.00 to $239.00 in a report on Monday, January 13th. Truist Financial lifted their price target on Discover Financial Services from $233.00 to $262.00 and gave the company a “buy” rating in a report on Monday, January 27th. Barclays lifted their price target on Discover Financial Services from $186.00 to $209.00 and gave the company an “overweight” rating in a report on Friday, January 24th. JPMorgan Chase & Co. lifted their price target on Discover Financial Services from $146.00 to $169.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Finally, Royal Bank of Canada lifted their price target on Discover Financial Services from $193.00 to $210.00 and gave the company a “sector perform” rating in a report on Friday, January 24th. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $191.91.

Discover Financial Services Price Performance

Shares of DFS stock opened at $181.28 on Thursday. The stock has a 50-day moving average price of $189.27 and a 200 day moving average price of $166.62. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The firm has a market cap of $45.61 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 1.51 and a beta of 1.46. Discover Financial Services has a 12 month low of $118.74 and a 12 month high of $205.76.

Discover Financial Services (NYSE:DFS) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $5.11 EPS for the quarter, topping 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%. Research analysts expect that Discover Financial Services will post 13.88 EPS for the current year.

Discover Financial Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.70 per share. The ex-dividend date is Friday, May 23rd. This represents a $2.80 annualized dividend and a dividend yield of 1.54%. Discover Financial Services’s payout ratio is currently 17.54%.

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.