Discover Financial Services (NYSE:DFS) Shares Purchased by Tidal Investments LLC

Tidal Investments LLC raised its position in shares of Discover Financial Services (NYSE:DFS) by 7.0% in the third quarter, HoldingsChannel.com reports. The firm owned 14,415 shares of the financial services provider’s stock after buying an additional 942 shares during the period. Tidal Investments LLC’s holdings in Discover Financial Services were worth $2,022,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. National Pension Service boosted its stake in Discover Financial Services by 14.8% during the third quarter. National Pension Service now owns 439,756 shares of the financial services provider’s stock valued at $61,693,000 after buying an additional 56,814 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of Discover Financial Services by 10.5% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 115,487 shares of the financial services provider’s stock valued at $16,202,000 after purchasing an additional 10,946 shares in the last quarter. William B. Walkup & Associates Inc. acquired a new position in shares of Discover Financial Services in the 2nd quarter worth approximately $4,835,000. Janney Montgomery Scott LLC bought a new stake in shares of Discover Financial Services in the 3rd quarter worth approximately $2,415,000. Finally, Versor Investments LP lifted its stake in Discover Financial Services by 21.5% during the third quarter. Versor Investments LP now owns 75,963 shares of the financial services provider’s stock valued at $10,657,000 after purchasing an additional 13,427 shares during the last quarter. Institutional investors own 86.94% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on DFS shares. Royal Bank of Canada lifted their price target on shares of Discover Financial Services from $148.00 to $161.00 and gave the stock a “sector perform” rating in a research report on Friday, October 18th. StockNews.com lowered Discover Financial Services from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Evercore ISI increased their price target on Discover Financial Services from $156.00 to $163.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Wells Fargo & Company boosted their price objective on Discover Financial Services from $152.00 to $160.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Discover Financial Services from $170.00 to $232.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Twelve analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $149.57.

Discover Financial Services Trading Up 0.4 %

Shares of NYSE:DFS opened at $176.74 on Tuesday. The firm has a fifty day moving average of $165.08 and a two-hundred day moving average of $144.04. The company has a quick ratio of 1.04, a current ratio of 1.08 and a debt-to-equity ratio of 1.28. Discover Financial Services has a 12-month low of $96.46 and a 12-month high of $188.26. The firm has a market capitalization of $44.37 billion, a P/E ratio of 14.26, a price-to-earnings-growth ratio of 1.13 and a beta of 1.45.

Discover Financial Services (NYSE:DFS) last announced its quarterly earnings data 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. Discover Financial Services had a return on equity of 21.38% and a net margin of 13.78%. The business had revenue of $5.91 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same period last year, the company earned $2.59 earnings per share. On average, equities analysts expect that Discover Financial Services will post 13.43 EPS for the current fiscal year.

Discover Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were paid a $0.70 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.80 annualized dividend and a dividend yield of 1.58%. Discover Financial Services’s payout ratio is 22.60%.

Discover Financial Services Company 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.