Baldwin Wealth Partners LLC MA Sells 1,901 Shares of Discover Financial Services (NYSE:DFS)

Baldwin Wealth Partners LLC MA lessened its holdings in Discover Financial Services (NYSE:DFS) by 60.6% during the 4th quarter, HoldingsChannel.com reports. The fund 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 quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of DFS. UMB Bank n.a. raised its position in Discover Financial Services by 0.6% during the 4th quarter. UMB Bank n.a. now owns 9,248 shares of the financial services provider’s stock worth $1,602,000 after buying an additional 56 shares during the last quarter. Invst LLC increased its stake in shares of Discover Financial Services by 0.9% in the third quarter. Invst LLC now owns 7,253 shares of the financial services provider’s stock worth $1,018,000 after acquiring an additional 62 shares during the period. CTC Alternative Strategies Ltd. raised its holdings in shares of Discover Financial Services by 3.2% during the third quarter. CTC Alternative Strategies Ltd. now owns 2,047 shares of the financial services provider’s stock worth $287,000 after purchasing an additional 63 shares during the last quarter. Eagle Bluffs Wealth Management LLC lifted its position in Discover Financial Services by 0.5% during the third quarter. Eagle Bluffs Wealth Management LLC now owns 14,501 shares of the financial services provider’s stock valued at $2,034,000 after purchasing an additional 67 shares during the period. Finally, Venturi Wealth Management LLC grew its position 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 worth $44,000 after purchasing an additional 68 shares during the period. Hedge funds and other institutional investors own 86.94% of the company’s stock.

Discover Financial Services Trading Down 0.9 %

DFS stock opened at $200.25 on Tuesday. Discover Financial Services has a 12-month low of $104.08 and a 12-month high of $204.93. The business’s 50-day moving average is $178.82 and its 200 day moving average is $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. The stock has a market cap of $50.32 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 1.15 and a beta of 1.46.

Discover Financial Services (NYSE:DFS) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share (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%. On average, sell-side analysts anticipate that Discover Financial Services will post 12.82 EPS for the current fiscal year.

Discover Financial Services Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DFS. Truist Financial boosted their price objective on Discover Financial Services from $233.00 to $262.00 and gave the company a “buy” rating in a report on Monday. UBS Group raised shares of Discover Financial Services from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $150.00 to $239.00 in a research note on Monday, January 13th. Evercore ISI boosted 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. Keefe, Bruyette & Woods increased their price target 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. Finally, Royal Bank of Canada lifted their price objective on shares of Discover Financial Services from $193.00 to $210.00 and gave the company a “sector perform” rating in a report on Friday. Ten research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Discover Financial Services has an average rating of “Hold” and a consensus target price of $182.64.

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.