Oregon Public Employees Retirement Fund Buys 107 Shares of Discover Financial Services (NYSE:DFS)

Oregon Public Employees Retirement Fund increased its stake in shares of Discover Financial Services (NYSE:DFS) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,541 shares of the financial services provider’s stock after buying an additional 107 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Discover Financial Services were worth $3,732,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of DFS. Private Advisor Group LLC raised its holdings in shares of Discover Financial Services by 2.0% in the third quarter. Private Advisor Group LLC now owns 13,181 shares of the financial services provider’s stock valued at $1,849,000 after buying an additional 255 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Discover Financial Services by 2.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 26,674 shares of the financial services provider’s stock valued at $3,742,000 after acquiring an additional 685 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of Discover Financial Services by 4.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 61,765 shares of the financial services provider’s stock worth $8,539,000 after purchasing an additional 2,403 shares during the last quarter. abrdn plc grew its stake in shares of Discover Financial Services by 12.6% during the third quarter. abrdn plc now owns 102,552 shares of the financial services provider’s stock worth $14,357,000 after purchasing an additional 11,511 shares during the period. Finally, Diversify Advisory Services LLC increased its holdings in Discover Financial Services by 2.7% in the third quarter. Diversify Advisory Services LLC now owns 3,558 shares of the financial services provider’s stock valued at $518,000 after purchasing an additional 92 shares during the last quarter. Institutional investors own 86.94% of the company’s stock.

Discover Financial Services Stock Up 0.5 %

NYSE:DFS opened at $191.20 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.09. The company has a market cap of $48.11 billion, a PE ratio of 11.98, a PEG ratio of 1.51 and a beta of 1.46. Discover Financial Services has a 52-week low of $118.74 and a 52-week high of $205.76. The stock has a 50-day simple moving average of $188.37 and a 200 day simple moving average of $164.75.

Discover Financial Services (NYSE:DFS) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts expect that Discover Financial Services will post 13.88 EPS for the current fiscal year.

Discover Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.70 per share. The ex-dividend date is Friday, May 23rd. This represents a $2.80 annualized dividend and a yield of 1.46%. Discover Financial Services’s dividend payout ratio (DPR) is presently 17.54%.

Wall Street Analysts Forecast Growth

DFS has been the topic of several analyst reports. JPMorgan Chase & Co. increased their target price on Discover Financial Services from $146.00 to $169.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Royal Bank of Canada boosted 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. Wells Fargo & Company boosted 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. Truist Financial boosted 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. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Discover Financial Services from $170.00 to $232.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Discover Financial Services has an average 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.