Twin Capital Management Inc. Cuts Holdings in Discover Financial Services (NYSE:DFS)

Twin Capital Management Inc. lowered its holdings in Discover Financial Services (NYSE:DFS) by 3.5% in the 4th quarter, Holdings Channel reports. The firm owned 7,070 shares of the financial services provider’s stock after selling 255 shares during the period. Twin Capital Management Inc.’s holdings in Discover Financial Services were worth $1,225,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DFS. Janus Henderson Group PLC lifted its stake in Discover Financial Services by 3.4% during the 3rd quarter. Janus Henderson Group PLC now owns 36,738 shares of the financial services provider’s stock valued at $5,155,000 after acquiring an additional 1,200 shares during the period. IHT Wealth Management LLC raised its holdings in shares of Discover Financial Services by 12.5% during the third quarter. IHT Wealth Management LLC now owns 2,610 shares of the financial services provider’s stock valued at $364,000 after purchasing an additional 290 shares during the last quarter. Quarry LP purchased a new position in shares of Discover Financial Services during the third quarter valued at approximately $76,000. Quantinno Capital Management LP lifted its position in Discover Financial Services by 104.0% during the third quarter. Quantinno Capital Management LP now owns 26,976 shares of the financial services provider’s stock valued at $3,785,000 after purchasing an additional 13,751 shares during the period. Finally, Stifel Financial Corp boosted its holdings in Discover Financial Services by 6.4% in the third quarter. Stifel Financial Corp now owns 149,214 shares of the financial services provider’s stock worth $20,933,000 after purchasing an additional 9,010 shares during the last quarter. 86.94% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods increased their price target on Discover Financial Services from $170.00 to $232.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Royal Bank of Canada boosted their price target 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. UBS Group raised shares of Discover Financial Services from a “neutral” rating to a “buy” rating and upped their price target for the company from $150.00 to $239.00 in a research report on Monday, January 13th. StockNews.com lowered shares of Discover Financial Services from a “buy” rating to a “hold” rating in a research report on Wednesday, April 2nd. Finally, Truist Financial reduced their target price on shares of Discover Financial Services from $262.00 to $219.00 and set a “buy” rating for the company in a report on Friday, March 21st. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Discover Financial Services currently has a consensus rating of “Hold” and a consensus target price of $192.40.

Discover Financial Services Stock Up 2.5 %

Shares of DFS stock opened at $150.78 on Tuesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.03. Discover Financial Services has a one year low of $119.31 and a one year high of $205.76. The company’s fifty day moving average price is $180.36 and its 200-day moving average price is $171.47. The company has a market capitalization of $37.94 billion, a price-to-earnings ratio of 9.45, a PEG ratio of 1.51 and a beta of 1.20.

Discover Financial Services (NYSE:DFS) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $5.11 EPS for the quarter, beating the consensus estimate of $3.13 by $1.98. Discover Financial Services had a return on equity of 26.18% and a net margin of 17.29%. Sell-side analysts expect that Discover Financial Services will post 13.88 EPS for the current fiscal year.

Discover Financial Services Announces Dividend

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 paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.80 annualized dividend and a yield of 1.86%. Discover Financial Services’s payout ratio is 17.54%.

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.