Flagship Wealth Advisors LLC Makes New $34,000 Investment in Discover Financial Services (NYSE:DFS)

Flagship Wealth Advisors LLC bought a new position in Discover Financial Services (NYSE:DFS) in the 4th quarter, Holdings Channel.com reports. The fund bought 198 shares of the financial services provider’s stock, valued at approximately $34,000.

Several other large investors also recently added to or reduced their stakes in DFS. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Discover Financial Services in the fourth quarter worth approximately $351,766,000. FMR LLC grew its position in Discover Financial Services by 8.0% in the third quarter. FMR LLC now owns 7,493,862 shares of the financial services provider’s stock worth $1,051,314,000 after acquiring an additional 558,227 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Discover Financial Services during the 4th quarter worth $39,067,000. Raymond James Financial Inc. bought a new stake in shares of Discover Financial Services during the 4th quarter worth $38,489,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Discover Financial Services during the 4th quarter worth $36,219,000. 86.94% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DFS has been the subject of several recent analyst reports. Barclays upped their price objective on shares of Discover Financial Services from $186.00 to $209.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Keefe, Bruyette & Woods upped their price objective 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. JPMorgan Chase & Co. upped their price objective on shares of Discover Financial Services from $146.00 to $169.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Wells Fargo & Company upped their price objective on shares of Discover Financial Services from $185.00 to $214.00 and gave the stock an “equal weight” rating in a report on Friday, January 24th. Finally, Royal Bank of Canada upped their price objective 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, January 24th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $191.91.

Discover Financial Services Price Performance

NYSE:DFS opened at $158.91 on Wednesday. The stock has a market cap of $39.98 billion, a P/E ratio of 9.96, a PEG ratio of 1.51 and a beta of 1.45. Discover Financial Services has a one year low of $119.31 and a one year high of $205.76. The company has a fifty day moving average price of $186.78 and a 200 day moving average price of $168.54. 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 (NYSE:DFS) last announced 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%. Analysts anticipate that Discover Financial Services will post 13.88 earnings per share for the current year.

Discover Financial Services Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Friday, May 23rd. Discover Financial Services’s dividend payout ratio is 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.