Discover Financial Services (NYSE:DFS) Stock Position Lowered by Securian Asset Management Inc.

Securian Asset Management Inc. trimmed its position in shares of Discover Financial Services (NYSE:DFS) by 12.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,745 shares of the financial services provider’s stock after selling 2,190 shares during the period. Securian Asset Management Inc.’s holdings in Discover Financial Services were worth $1,770,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DFS. Partnership Wealth Management LLC purchased a new position in Discover Financial Services during the 4th quarter valued at about $25,000. Bruce G. Allen Investments LLC bought a new position in shares of Discover Financial Services in the 4th quarter valued at approximately $28,000. MeadowBrook Investment Advisors LLC bought a new position in shares of Discover Financial Services in the fourth quarter valued at approximately $31,000. Turtle Creek Wealth Advisors LLC acquired a new position in Discover Financial Services in the 4th quarter valued at $35,000. Finally, First Command Advisory Services Inc. bought a new position in Discover Financial Services in the 3rd quarter worth $39,000. 86.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DFS has been the subject of a number of recent analyst reports. StockNews.com initiated coverage on shares of Discover Financial Services in a report on Monday. They set a “hold” rating for the company. Citigroup boosted their target price on shares of Discover Financial Services from $127.00 to $168.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Piper Sandler raised their price objective on Discover Financial Services from $127.00 to $145.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. HSBC raised their price objective on shares of Discover Financial Services from $107.00 to $144.00 and gave the stock a “hold” rating in a report on Thursday, March 21st. Finally, BMO Capital Markets lowered their price target on Discover Financial Services from $116.00 to $104.00 and set a “market perform” rating on the stock in a research report on Monday, January 22nd. Twelve investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $126.29.

Read Our Latest Stock Analysis on DFS

Discover Financial Services Price Performance

DFS opened at $125.42 on Monday. The company’s 50 day simple moving average is $125.06 and its 200-day simple moving average is $111.72. The stock has a market capitalization of $31.43 billion, a P/E ratio of 14.30, a price-to-earnings-growth ratio of 0.76 and a beta of 1.43. Discover Financial Services has a one year low of $79.04 and a one year high of $131.65. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.12 and a quick ratio of 1.12.

Discover Financial Services (NYSE:DFSGet Free Report) last announced its quarterly earnings data on Thursday, April 18th. The financial services provider reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $2.98 by ($1.88). The firm had revenue of $4.21 billion during the quarter, compared to analyst estimates of $4.07 billion. Discover Financial Services had a return on equity of 17.07% and a net margin of 10.56%. During the same quarter in the previous year, the business earned $3.58 earnings per share. Sell-side analysts anticipate that Discover Financial Services will post 11.48 earnings per share for the current fiscal year.

Discover Financial Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd will be paid a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $2.80 dividend on an annualized basis and a yield of 2.23%. Discover Financial Services’s payout ratio is presently 31.93%.

Discover Financial Services Profile

(Free Report)

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; private student loans, 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.

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Institutional Ownership by Quarter for Discover Financial Services (NYSE:DFS)

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