Discover Financial Services (NYSE:DFS) Shares Sold by One Wealth Advisors LLC

One Wealth Advisors LLC lowered its holdings in Discover Financial Services (NYSE:DFS) by 41.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,855 shares of the financial services provider’s stock after selling 1,311 shares during the period. One Wealth Advisors LLC’s holdings in Discover Financial Services were worth $321,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. State Street Corp grew its holdings in Discover Financial Services by 0.8% during the 3rd quarter. State Street Corp now owns 10,498,044 shares of the financial services provider’s stock worth $1,472,771,000 after acquiring an additional 80,601 shares in the last quarter. FMR LLC grew its holdings in Discover Financial Services by 8.0% during the 3rd 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Discover Financial Services by 0.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,834,705 shares of the financial services provider’s stock valued at $257,391,000 after buying an additional 12,255 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Discover Financial Services by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,728,276 shares of the financial services provider’s stock valued at $242,460,000 after buying an additional 7,751 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Discover Financial Services by 0.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,063,980 shares of the financial services provider’s stock valued at $149,266,000 after buying an additional 4,594 shares in the last quarter. Institutional investors and hedge funds own 86.94% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on DFS shares. Wells Fargo & Company upped their price target on shares of Discover Financial Services from $185.00 to $214.00 and gave the company an “equal weight” rating in a research report on Friday, January 24th. StockNews.com downgraded shares of Discover Financial Services from a “buy” rating to a “hold” rating in a research report on Friday, January 24th. Barclays upped their price target on shares of Discover Financial Services from $186.00 to $209.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Evercore ISI upped 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. Finally, Truist Financial upped their price objective on shares of Discover Financial Services from $233.00 to $262.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Ten investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Discover Financial Services presently has an average rating of “Hold” and an average target price of $182.64.

Discover Financial Services Stock Performance

NYSE:DFS opened at $198.60 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. Discover Financial Services has a fifty-two week low of $104.08 and a fifty-two week high of $205.76. The stock has a market cap of $49.91 billion, a PE ratio of 12.44, a price-to-earnings-growth ratio of 0.64 and a beta of 1.46. The firm’s fifty day simple moving average is $181.46 and its 200-day simple moving average is $157.13.

Discover Financial Services (NYSE:DFS) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $5.11 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 expect that Discover Financial Services will post 13.39 earnings per share for the current fiscal year.

Discover Financial Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.80 dividend on an annualized basis and a yield of 1.41%. Discover Financial Services’s payout ratio is 17.54%.

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.