Bryn Mawr Capital Management LLC Grows Position in Discover Financial Services (NYSE:DFS)

Bryn Mawr Capital Management LLC raised its position in Discover Financial Services (NYSE:DFS) by 1,933.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 142,366 shares of the financial services provider’s stock after buying an additional 135,366 shares during the quarter. Discover Financial Services makes up approximately 0.9% of Bryn Mawr Capital Management LLC’s portfolio, making the stock its 24th biggest position. Bryn Mawr Capital Management LLC’s holdings in Discover Financial Services were worth $24,662,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Discover Financial Services in the 3rd quarter valued at $30,000. Grove Bank & Trust increased its stake in Discover Financial Services by 78.1% in the fourth 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 purchased a new stake in shares of Discover Financial Services in the fourth quarter valued at about $35,000. Hantz Financial Services Inc. acquired a new stake in shares of Discover Financial Services during the fourth quarter worth about $37,000. Finally, Venturi Wealth Management LLC grew its holdings in shares of Discover Financial Services by 27.4% during the third quarter. Venturi Wealth Management LLC now owns 316 shares of the financial services provider’s stock worth $44,000 after buying an additional 68 shares during the last quarter. 86.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on DFS shares. Royal Bank of Canada upped their price objective on Discover Financial Services from $193.00 to $210.00 and gave the company a “sector perform” rating in a research note on Friday, January 24th. Truist Financial increased their price target on Discover Financial Services from $233.00 to $262.00 and gave the stock a “buy” rating in a report on Monday, January 27th. UBS Group raised shares of Discover Financial Services from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $150.00 to $239.00 in a research note on Monday, January 13th. Evercore ISI raised their target price 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, Keefe, Bruyette & Woods boosted their price target on shares of Discover Financial Services from $170.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Ten 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, the stock presently has a consensus rating of “Hold” and an average target price of $186.46.

Discover Financial Services Trading Up 3.6 %

Shares of DFS opened at $203.34 on Thursday. Discover Financial Services has a twelve month low of $118.74 and a twelve month high of $205.76. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $51.10 billion, a P/E ratio of 12.74, a PEG ratio of 0.60 and a beta of 1.46. The firm’s 50-day moving average is $186.02 and its two-hundred day moving average is $162.17.

Discover Financial Services (NYSE:DFS) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share 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%. On average, research analysts predict that Discover Financial Services will post 13.84 earnings per share for the current fiscal year.

Discover Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Friday, May 23rd. Discover Financial Services’s dividend payout ratio (DPR) is presently 17.54%.

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.