Baldwin Wealth Partners LLC MA Trims Stock Holdings in Discover Financial Services (NYSE:DFS)

Baldwin Wealth Partners LLC MA reduced its stake in shares of Discover Financial Services (NYSE:DFS) by 60.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,237 shares of the financial services provider’s stock after selling 1,901 shares during the period. Baldwin Wealth Partners LLC MA’s holdings in Discover Financial Services were worth $214,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in DFS. National Pension Service lifted its holdings 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 purchasing an additional 56,814 shares in the last quarter. Nomura Asset Management Co. Ltd. raised 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 during the period. William B. Walkup & Associates Inc. bought a new stake in shares of Discover Financial Services during the 2nd quarter valued at $4,835,000. Brookstone Capital Management purchased a new position in shares of Discover Financial Services during the 4th quarter valued at $282,000. Finally, Meyer Handelman Co. bought a new position in Discover Financial Services in the 4th quarter worth $239,000. 86.94% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DFS. StockNews.com lowered Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Friday. Barclays upped their price target on Discover Financial Services from $186.00 to $209.00 and gave the stock an “overweight” rating in a research note on Friday. JPMorgan Chase & Co. lifted their price objective on shares of Discover Financial Services from $146.00 to $169.00 and gave the company a “neutral” rating in a research report on Friday. Royal Bank of Canada boosted their target price on shares of Discover Financial Services from $193.00 to $210.00 and gave the stock a “sector perform” rating in a report on Friday. Finally, Evercore ISI raised their target price on shares of Discover Financial Services from $156.00 to $163.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Discover Financial Services has an average rating of “Hold” and an average target price of $182.64.

Discover Financial Services Trading Down 0.9 %

DFS opened at $200.25 on Tuesday. The stock has a 50-day moving average of $178.82 and a 200 day moving average of $154.86. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. Discover Financial Services has a 12 month low of $104.08 and a 12 month high of $204.93. The firm has a market cap of $50.32 billion, a P/E ratio of 12.55, a P/E/G ratio of 1.15 and a beta of 1.46.

Discover Financial Services (NYSE:DFS) last announced its earnings results 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 return on equity of 27.52% and a net margin of 17.29%. As a group, research analysts forecast that Discover Financial Services will post 12.82 EPS for the current year.

Discover Financial Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Friday, May 23rd. Discover Financial Services’s dividend payout ratio is currently 17.54%.

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.