Leeward Investments LLC MA Has $9.99 Million Position in Discover Financial Services (NYSE:DFS)

Leeward Investments LLC MA lowered its stake in shares of Discover Financial Services (NYSE:DFS) by 25.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 57,673 shares of the financial services provider’s stock after selling 19,512 shares during the period. Leeward Investments LLC MA’s holdings in Discover Financial Services were worth $9,991,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in DFS. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Discover Financial Services during the fourth quarter valued at about $351,766,000. FMR LLC raised its position in Discover Financial Services by 8.0% in the third quarter. FMR LLC now owns 7,493,862 shares of the financial services provider’s stock worth $1,051,314,000 after purchasing an additional 558,227 shares in the last quarter. Mizuho Securities USA LLC raised its position in Discover Financial Services by 1,272.0% in the third quarter. Mizuho Securities USA LLC now owns 265,155 shares of the financial services provider’s stock worth $37,199,000 after purchasing an additional 245,829 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in Discover Financial Services in the fourth quarter worth about $39,067,000. Finally, International Assets Investment Management LLC acquired a new position in Discover Financial Services in the third quarter worth about $21,169,000. Institutional investors and hedge funds own 86.94% of the company’s stock.

Discover Financial Services Trading Down 2.8 %

Shares of NYSE:DFS opened at $194.21 on Friday. Discover Financial Services has a 12 month low of $118.74 and a 12 month high of $205.76. 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 company’s fifty day simple moving average is $186.87 and its 200 day simple moving average is $163.19. The firm has a market cap of $48.81 billion, a price-to-earnings ratio of 12.17, a PEG ratio of 1.51 and a beta of 1.46.

Discover Financial Services (NYSE:DFS) last issued 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 net margin of 17.29% and a return on equity of 26.18%. As a group, research analysts forecast that Discover Financial Services will post 13.88 EPS for the current fiscal year.

Discover Financial Services Announces Dividend

The business 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 dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.44%. Discover Financial Services’s payout ratio is 17.54%.

Analyst Upgrades and Downgrades

DFS has been the topic of several research analyst reports. Keefe, Bruyette & Woods upped their price objective 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. JPMorgan Chase & Co. increased their price target on shares of Discover Financial Services from $146.00 to $169.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Wells Fargo & Company increased their price objective on shares of Discover Financial Services from $185.00 to $214.00 and gave the company an “equal weight” rating in a report on Friday, January 24th. Royal Bank of Canada increased their price objective on shares of Discover Financial Services from $193.00 to $210.00 and gave the company a “sector perform” rating in a report on Friday, January 24th. Finally, Truist Financial increased their price objective on shares of Discover Financial Services from $233.00 to $262.00 and gave the company a “buy” rating in a report on Monday, January 27th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $186.46.

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.