Discover Financial Services (NYSE:DFS) Shares Bought by Cypress Financial Planning LLC

Cypress Financial Planning LLC grew its stake in shares of Discover Financial Services (NYSE:DFS) by 50.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,247 shares of the financial services provider’s stock after purchasing an additional 7,503 shares during the quarter. Discover Financial Services makes up 1.4% of Cypress Financial Planning LLC’s portfolio, making the stock its 15th largest holding. Cypress Financial Planning LLC’s holdings in Discover Financial Services were worth $3,854,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. DiNuzzo Private Wealth Inc. increased its stake in shares of Discover Financial Services by 506.5% in the third quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 157 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Discover Financial Services during the 3rd quarter worth $30,000. Pinnacle Bancorp Inc. grew its stake in shares of Discover Financial Services by 37.1% in the third quarter. Pinnacle Bancorp Inc. now owns 292 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 79 shares in the last quarter. Venturi Wealth Management LLC increased its stake in Discover Financial Services by 27.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 316 shares of the financial services provider’s stock valued at $44,000 after buying an additional 68 shares during the period. Finally, Friedenthal Financial bought a new stake in Discover Financial Services during the fourth quarter worth approximately $51,000. 86.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DFS has been the subject of several research analyst reports. UBS Group upgraded Discover Financial Services from a “neutral” rating to a “buy” rating and upped their price objective for the company from $150.00 to $239.00 in a report on Monday. JPMorgan Chase & Co. upped their price target on shares of Discover Financial Services from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Monday, December 9th. Royal Bank of Canada lifted their price objective on shares of 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. Truist Financial assumed coverage on shares of Discover Financial Services in a research note on Tuesday, January 7th. They set a “buy” rating and a $233.00 target price for the company. Finally, Wells Fargo & Company raised their target price on shares of Discover Financial Services from $160.00 to $185.00 and gave the stock an “equal weight” rating in a report on Friday, January 3rd. Eleven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $165.00.

Discover Financial Services Stock Up 3.8 %

DFS stock opened at $176.06 on Tuesday. The company has a 50 day moving average of $175.82 and a two-hundred day moving average of $151.06. 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 company has a market cap of $44.20 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 1.12 and a beta of 1.45.

Discover Financial Services (NYSE:DFS) last issued its earnings results on Wednesday, October 16th. The financial services provider reported $3.69 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $4.36 billion. During the same quarter in the previous year, the company posted $2.59 earnings per share. On average, equities analysts anticipate that Discover Financial Services will post 13.43 earnings per share for the current fiscal year.

Discover Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Thursday, November 21st. Discover Financial Services’s dividend payout ratio (DPR) is presently 22.60%.

About Discover Financial Services

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.