Axxcess Wealth Management LLC Has $373,000 Position in Discover Financial Services (NYSE:DFS)

Axxcess Wealth Management LLC decreased its holdings in shares of Discover Financial Services (NYSE:DFS) by 5.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,315 shares of the financial services provider’s stock after selling 190 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Discover Financial Services were worth $373,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Bruce G. Allen Investments LLC acquired a new stake in Discover Financial Services during the 4th quarter worth about $28,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Discover Financial Services during the fourth quarter worth approximately $35,000. Anchor Investment Management LLC purchased a new position in Discover Financial Services during the fourth quarter valued at approximately $42,000. First Command Advisory Services Inc. acquired a new position in Discover Financial Services in the 3rd quarter valued at approximately $39,000. Finally, Larson Financial Group LLC lifted its position in Discover Financial Services by 105.8% in the 3rd quarter. Larson Financial Group LLC now owns 465 shares of the financial services provider’s stock worth $40,000 after buying an additional 239 shares in the last quarter. 86.94% of the stock is owned by institutional investors and hedge funds.

Discover Financial Services Trading Down 0.0 %

Shares of DFS opened at $123.60 on Thursday. The stock has a 50 day simple moving average of $124.50 and a 200-day simple moving average of $109.29. Discover Financial Services has a 1 year low of $79.04 and a 1 year high of $131.65. The stock has a market cap of $30.97 billion, a PE ratio of 14.09, a PEG ratio of 0.72 and a beta of 1.43. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.50.

Discover Financial Services (NYSE:DFS) last issued its earnings results on Thursday, April 18th. The financial services provider reported $1.10 EPS for the quarter, missing the consensus estimate of $2.98 by ($1.88). The firm had revenue of $4.21 billion during the quarter, compared to analyst estimates of $4.07 billion. Discover Financial Services had a net margin of 10.56% and a return on equity of 17.07%. During the same quarter in the prior year, the firm posted $3.58 EPS. On average, sell-side analysts predict that Discover Financial Services will post 11.86 EPS for the current fiscal year.

Discover Financial Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 23rd will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Wednesday, May 22nd. Discover Financial Services’s dividend payout ratio (DPR) is currently 31.93%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DFS. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $140.00 price target (up from $117.00) on shares of Discover Financial Services in a research note on Wednesday, February 21st. Barclays upped their price target on Discover Financial Services from $120.00 to $123.00 and gave the stock an “equal weight” rating in a research note on Friday, April 19th. Morgan Stanley raised Discover Financial Services from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $105.00 to $133.00 in a research report on Thursday, February 8th. StockNews.com initiated coverage on shares of Discover Financial Services in a report on Saturday, May 4th. They set a “hold” rating for the company. Finally, Piper Sandler raised their price target on Discover Financial Services from $127.00 to $145.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. Twelve research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $126.29.

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; 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.