Foundations Investment Advisors LLC Acquires 286 Shares of Discover Financial Services (NYSE:DFS)

Foundations Investment Advisors LLC raised its stake in shares of Discover Financial Services (NYSE:DFS) by 16.3% in the third quarter, Holdings Channel.com reports. The firm owned 2,046 shares of the financial services provider’s stock after buying an additional 286 shares during the period. Foundations Investment Advisors LLC’s holdings in Discover Financial Services were worth $287,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Inlet Private Wealth LLC lifted its holdings in shares of Discover Financial Services by 2.4% in the third quarter. Inlet Private Wealth LLC now owns 3,185 shares of the financial services provider’s stock valued at $447,000 after purchasing an additional 75 shares in the last quarter. J.Safra Asset Management Corp lifted its stake in Discover Financial Services by 24.4% during the 2nd quarter. J.Safra Asset Management Corp now owns 387 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 76 shares in the last quarter. Pinnacle Bancorp Inc. boosted its holdings in Discover Financial Services by 37.1% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 292 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 79 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Discover Financial Services by 0.9% in the 2nd quarter. UMB Bank n.a. now owns 9,139 shares of the financial services provider’s stock worth $1,195,000 after acquiring an additional 84 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC grew its stake in shares of Discover Financial Services by 4.2% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 2,159 shares of the financial services provider’s stock worth $303,000 after acquiring an additional 87 shares in the last quarter. Institutional investors and hedge funds own 86.94% of the company’s stock.

Analysts Set New Price Targets

DFS has been the topic of several analyst reports. Wells Fargo & Company boosted their price target on shares of Discover Financial Services from $152.00 to $160.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Royal Bank of Canada boosted their target price on Discover Financial Services from $148.00 to $161.00 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods increased their price target on Discover Financial Services from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Monday, July 8th. Barclays boosted their price objective on Discover Financial Services from $135.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Friday, July 19th. Finally, Evercore ISI upped their price objective on Discover Financial Services from $140.00 to $156.00 and gave the company an “in-line” rating in a research note on Monday, October 7th. Twelve equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $136.12.

Discover Financial Services Stock Performance

Shares of DFS stock opened at $148.90 on Friday. The firm’s 50 day moving average is $138.81 and its 200 day moving average is $131.70. The stock has a market capitalization of $37.34 billion, a P/E ratio of 16.98, a PEG ratio of 0.94 and a beta of 1.41. Discover Financial Services has a 12 month low of $79.04 and a 12 month high of $157.06. The company has a current ratio of 1.12, a quick ratio of 1.04 and a debt-to-equity ratio of 1.28.

Discover Financial Services (NYSE:DFS) last posted its earnings results on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.28 by $0.41. The firm had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $4.36 billion. Discover Financial Services had a return on equity of 20.92% and a net margin of 12.88%. During the same quarter in the prior year, the business posted $2.59 earnings per share. On average, sell-side analysts anticipate that Discover Financial Services will post 13.15 earnings per share for the current year.

Discover Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Thursday, November 21st. Discover Financial Services’s payout ratio is presently 31.93%.

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.