Fidelis Capital Partners LLC Grows Position in Discover Financial Services (NYSE:DFS)

Fidelis Capital Partners LLC grew its position in shares of Discover Financial Services (NYSE:DFS) by 8.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,018 shares of the financial services provider’s stock after purchasing an additional 820 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Discover Financial Services were worth $1,735,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in Discover Financial Services during the fourth quarter valued at $351,766,000. FMR LLC boosted its stake in shares of Discover Financial Services by 8.0% during the 3rd quarter. FMR LLC now owns 7,493,862 shares of the financial services provider’s stock worth $1,051,314,000 after acquiring an additional 558,227 shares in the last quarter. Mizuho Securities USA LLC grew its position in shares of Discover Financial Services by 1,272.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 265,155 shares of the financial services provider’s stock valued at $37,199,000 after acquiring an additional 245,829 shares during the period. Strategic Financial Concepts LLC purchased a new position in shares of Discover Financial Services in the 4th quarter valued at about $39,067,000. Finally, Proficio Capital Partners LLC acquired a new position in Discover Financial Services in the 4th quarter worth about $36,219,000. 86.94% of the stock is currently owned by institutional investors and hedge funds.

Discover Financial Services Stock Up 2.2 %

Shares of NYSE DFS opened at $195.38 on Monday. The stock has a market cap of $49.16 billion, a PE ratio of 12.24, a P/E/G ratio of 1.51 and a beta of 1.46. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. Discover Financial Services has a 12-month low of $118.74 and a 12-month high of $205.76. The company has a 50-day moving average of $188.81 and a 200 day moving average of $165.78.

Discover Financial Services (NYSE:DFS) last released its quarterly earnings data 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%. As a group, sell-side analysts predict that Discover Financial Services will post 13.88 EPS for the current fiscal year.

Discover Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Friday, May 23rd. Discover Financial Services’s dividend payout ratio is currently 17.54%.

Analysts Set New Price Targets

DFS has been the topic of several research analyst reports. StockNews.com lowered Discover Financial Services from a “buy” rating to a “hold” rating in a report on Friday, January 24th. Truist Financial boosted their price target on shares of Discover Financial Services from $233.00 to $262.00 and gave the stock a “buy” rating in a report on Monday, January 27th. JPMorgan Chase & Co. upped 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. Royal Bank of Canada lifted their target price on shares of Discover Financial Services from $193.00 to $210.00 and gave the company a “sector perform” rating in a research report on Friday, January 24th. Finally, Keefe, Bruyette & Woods upped 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 report on Monday, December 9th. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Discover Financial Services currently has a consensus rating of “Hold” and a consensus target price of $191.91.

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.