Schechter Investment Advisors LLC Sells 350 Shares of Discover Financial Services (NYSE:DFS)

Schechter Investment Advisors LLC trimmed its position in Discover Financial Services (NYSE:DFS) by 5.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,472 shares of the financial services provider’s stock after selling 350 shares during the period. Schechter Investment Advisors LLC’s holdings in Discover Financial Services were worth $1,121,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DFS. Point72 Asia Singapore Pte. Ltd. bought a new stake in Discover Financial Services in the 3rd quarter valued at about $30,000. SBI Securities Co. Ltd. bought a new stake in Discover Financial Services in the 4th quarter valued at about $33,000. Grove Bank & Trust increased its position in Discover Financial Services by 78.1% in the 4th quarter. Grove Bank & Trust now owns 203 shares of the financial services provider’s stock valued at $35,000 after buying an additional 89 shares in the last quarter. Bfsg LLC bought a new stake in Discover Financial Services in the 4th quarter valued at about $35,000. Finally, Hantz Financial Services Inc. bought a new stake in Discover Financial Services in the 4th quarter valued at about $37,000. 86.94% of the stock is owned by institutional investors.

Discover Financial Services Price Performance

Shares of NYSE DFS opened at $190.40 on Tuesday. Discover Financial Services has a twelve month low of $118.74 and a twelve month high of $205.76. The stock’s 50 day moving average price is $189.13 and its 200-day moving average price is $166.20. The company has a market capitalization of $47.91 billion, a PE ratio of 11.93, a PEG ratio of 1.51 and a beta of 1.46. 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 (NYSE:DFS) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share for the quarter, topping analysts’ consensus estimates of $3.13 by $1.98. Discover Financial Services had a return on equity of 26.18% and a net margin of 17.29%. On average, equities analysts anticipate that Discover Financial Services will post 13.88 EPS for the current year.

Discover Financial Services Announces Dividend

The company 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 annualized dividend and a yield of 1.47%. Discover Financial Services’s payout ratio is 17.54%.

Analyst Upgrades and Downgrades

DFS has been the subject of a number of analyst reports. StockNews.com downgraded Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Friday, January 24th. Truist Financial lifted their price target on Discover Financial Services from $233.00 to $262.00 and gave the company a “buy” rating in a research note on Monday, January 27th. UBS Group upgraded Discover Financial Services from a “neutral” rating to a “buy” rating and lifted their price target for the company from $150.00 to $239.00 in a research note on Monday, January 13th. Wells Fargo & Company lifted their price target on Discover Financial Services from $185.00 to $214.00 and gave the company an “equal weight” rating in a research note on Friday, January 24th. Finally, JPMorgan Chase & Co. lifted their price target on Discover Financial Services from $146.00 to $169.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Discover Financial Services currently has an average rating of “Hold” and an average target price of $191.91.

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; 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.