Point72 Asia Singapore Pte. Ltd. Makes New $30,000 Investment in Discover Financial Services (NYSE:DFS)

Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Discover Financial Services (NYSE:DFS) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 214 shares of the financial services provider’s stock, valued at approximately $30,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. DiNuzzo Private Wealth Inc. boosted its position in Discover Financial Services by 506.5% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 157 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of Discover Financial Services during the 2nd quarter worth $26,000. Y.D. More Investments Ltd boosted its position in Discover Financial Services by 147.8% during the second quarter. Y.D. More Investments Ltd now owns 223 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 133 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in Discover Financial Services by 72.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 226 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 95 shares during the last quarter. Finally, Larson Financial Group LLC raised its holdings in Discover Financial Services by 348.2% in the second quarter. Larson Financial Group LLC now owns 251 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 195 shares in the last quarter. 86.94% of the stock is currently owned by institutional investors.

Discover Financial Services Stock Performance

Shares of NYSE DFS opened at $179.22 on Friday. The company has a 50 day simple moving average of $160.69 and a two-hundred day simple moving average of $141.63. The stock has a market cap of $45.00 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 1.13 and a beta of 1.45. The company has a current ratio of 1.08, a quick ratio of 1.04 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.

Discover Financial Services (NYSE:DFS) last posted its earnings results on Wednesday, October 16th. The financial services provider reported $3.69 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 firm had revenue of $5.91 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same period last year, the company earned $2.59 earnings per share. As a group, analysts predict that Discover Financial Services will post 13.34 earnings per share for the current year.

Discover Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date was Thursday, November 21st. Discover Financial Services’s dividend payout ratio (DPR) is presently 22.60%.

Analysts Set New Price Targets

DFS has been the topic of a number of analyst reports. Evercore ISI lifted their price objective on shares of Discover Financial Services from $156.00 to $163.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Wells Fargo & Company lifted their price target on shares of Discover Financial Services from $152.00 to $160.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. StockNews.com lowered Discover Financial Services from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Finally, Royal Bank of Canada boosted their target price on Discover Financial Services from $148.00 to $161.00 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. Thirteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $140.33.

Discover Financial Services 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.