Massmutual Trust Co. FSB ADV Raises Stock Holdings in Discover Financial Services (NYSE:DFS)

Massmutual Trust Co. FSB ADV grew its stake in Discover Financial Services (NYSE:DFS) by 35.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,154 shares of the financial services provider’s stock after buying an additional 300 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Discover Financial Services were worth $151,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ballentine Partners LLC acquired a new stake in shares of Discover Financial Services in the 4th quarter worth $315,000. International Assets Investment Management LLC acquired a new stake in Discover Financial Services in the 4th quarter worth about $32,039,000. Fulton Bank N.A. boosted its holdings in Discover Financial Services by 24.6% in the 4th quarter. Fulton Bank N.A. now owns 8,151 shares of the financial services provider’s stock worth $916,000 after buying an additional 1,607 shares during the last quarter. Prime Capital Investment Advisors LLC acquired a new position in shares of Discover Financial Services during the 4th quarter worth approximately $225,000. Finally, Peoples Bank OH acquired a new position in shares of Discover Financial Services during the 4th quarter worth approximately $219,000. Hedge funds and other institutional investors own 86.94% of the company’s stock.

Discover Financial Services Trading Down 4.3 %

NYSE:DFS traded down $5.55 during trading hours on Monday, reaching $123.54. The company’s stock had a trading volume of 1,109,266 shares, compared to its average volume of 1,797,008. The firm has a market capitalization of $30.98 billion, a price-to-earnings ratio of 14.26, a PEG ratio of 0.90 and a beta of 1.43. The firm has a 50-day simple moving average of $130.48 and a 200-day simple moving average of $123.47. Discover Financial Services has a 1 year low of $79.04 and a 1 year high of $147.61. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.12 and a current ratio of 1.12.

Discover Financial Services (NYSE:DFS) last posted its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $6.06 EPS for the quarter, beating analysts’ consensus estimates of $3.06 by $3.00. The firm had revenue of $4.54 billion for the quarter, compared to analysts’ expectations of $4.18 billion. Discover Financial Services had a net margin of 12.88% and a return on equity of 20.92%. The business’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.54 earnings per share. Research analysts expect that Discover Financial Services will post 12.23 EPS for the current fiscal year.

Discover Financial Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 22nd will be paid a $0.70 dividend. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.27%. Discover Financial Services’s payout ratio is currently 31.93%.

Analysts Set New Price Targets

DFS has been the topic of a number of research analyst reports. BMO Capital Markets boosted their target price on Discover Financial Services from $115.00 to $119.00 and gave the company a “market perform” rating in a research report on Friday, July 19th. Keefe, Bruyette & Woods upped their price objective on shares of Discover Financial Services from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Monday, July 8th. Royal Bank of Canada upped their price objective on shares of Discover Financial Services from $140.00 to $148.00 and gave the company a “sector perform” rating in a research note on Friday, July 19th. Wells Fargo & Company upped their price objective on shares of Discover Financial Services from $105.00 to $135.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 10th. Finally, Barclays upped their price objective on shares of Discover Financial Services from $135.00 to $137.00 and gave the company an “equal weight” rating in a research note on Friday, July 19th. Thirteen analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $131.33.

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; 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.