Sentinel Trust Co. LBA increased its stake in Discover Financial Services (NYSE:DFS) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 86,906 shares of the financial services provider’s stock after acquiring an additional 1,150 shares during the period. Discover Financial Services makes up 1.4% of Sentinel Trust Co. LBA’s investment portfolio, making the stock its 12th largest position. Sentinel Trust Co. LBA’s holdings in Discover Financial Services were worth $6,685,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. raised its stake in shares of Discover Financial Services by 8.5% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 37,154 shares of the financial services provider’s stock valued at $2,396,000 after purchasing an additional 2,898 shares during the period. Victory Capital Management Inc. increased its stake in shares of Discover Financial Services by 33.0% in the third quarter. Victory Capital Management Inc. now owns 42,016 shares of the financial services provider’s stock worth $2,709,000 after buying an additional 10,433 shares during the last quarter. Alps Advisors Inc. bought a new stake in shares of Discover Financial Services in the third quarter worth $598,000. Sei Investments Co. increased its stake in shares of Discover Financial Services by 10.2% in the third quarter. Sei Investments Co. now owns 216,185 shares of the financial services provider’s stock worth $13,940,000 after buying an additional 20,084 shares during the last quarter. Finally, New York State Common Retirement Fund increased its stake in shares of Discover Financial Services by 4.7% in the third quarter. New York State Common Retirement Fund now owns 965,900 shares of the financial services provider’s stock worth $62,281,000 after buying an additional 43,400 shares during the last quarter. 86.37% of the stock is currently owned by institutional investors and hedge funds.
DFS has been the subject of a number of research analyst reports. Barclays upgraded shares of Discover Financial Services from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $73.00 to $93.00 in a research note on Monday, December 11th. Wedbush set a $80.00 target price on shares of Discover Financial Services and gave the company a “buy” rating in a research note on Monday, December 11th. Bank of America upgraded shares of Discover Financial Services from a “neutral” rating to a “buy” rating and set a $83.00 target price for the company in a research note on Monday, December 18th. Zacks Investment Research upgraded shares of Discover Financial Services from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research note on Tuesday, January 2nd. Finally, Deutsche Bank started coverage on shares of Discover Financial Services in a report on Tuesday, January 2nd. They set a “buy” rating and a $92.00 price target for the company. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. Discover Financial Services currently has an average rating of “Buy” and a consensus target price of $84.88.
In other Discover Financial Services news, EVP Kathryn Mcnamara Corley sold 37,000 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $80.08, for a total transaction of $2,962,960.00. Following the sale, the executive vice president now owns 147,770 shares in the company, valued at approximately $11,833,421.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Daniel Peter Capozzi sold 5,000 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $79.97, for a total value of $399,850.00. Following the completion of the transaction, the senior vice president now owns 23,977 shares in the company, valued at approximately $1,917,440.69. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 29,000 shares of company stock worth $8,670 and have sold 253,675 shares worth $19,571,644. 0.81% of the stock is currently owned by insiders.
Shares of Discover Financial Services stock opened at $70.34 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 2.55. Discover Financial Services has a 52 week low of $57.50 and a 52 week high of $81.93. The stock has a market capitalization of $25,432.52, a price-to-earnings ratio of 11.76, a price-to-earnings-growth ratio of 1.06 and a beta of 1.46.
Discover Financial Services (NYSE:DFS) last issued its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $1.55 EPS for the quarter, topping the consensus estimate of $1.53 by $0.02. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Discover Financial Services had a net margin of 17.95% and a return on equity of 21.49%. analysts predict that Discover Financial Services will post 7.65 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 8th. Shareholders of record on Thursday, February 22nd were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $1.40 annualized dividend and a yield of 1.99%. Discover Financial Services’s payout ratio is presently 23.41%.
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Discover Financial Services Company Profile
Discover Financial Services (DFS) is a direct banking and payment services company. The Company is a bank holding company, as well as a financial holding company. The Company operates through two segments: Direct Banking and Payment Services. It provides direct banking products and services, and payment services through its subsidiaries.
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