Discover Financial Services (NYSE:DFS) Shares Sold by Pflug Koory LLC

Pflug Koory LLC lowered its holdings in Discover Financial Services (NYSE:DFS) by 3.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,900 shares of the financial services provider’s stock after selling 95 shares during the period. Pflug Koory LLC’s holdings in Discover Financial Services were worth $502,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of DFS. DiNuzzo Private Wealth Inc. lifted its holdings in shares of Discover Financial Services by 506.5% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 157 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Discover Financial Services in the third quarter valued at $30,000. Grove Bank & Trust boosted its holdings in shares of Discover Financial Services by 78.1% during the fourth quarter. Grove Bank & Trust now owns 203 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 89 shares during the period. Pinnacle Bancorp Inc. grew its position in shares of Discover Financial Services by 37.1% during the third quarter. Pinnacle Bancorp Inc. now owns 292 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 79 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its position in shares of Discover Financial Services by 27.4% during the third quarter. Venturi Wealth Management LLC now owns 316 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 68 shares during the last quarter. Institutional investors own 86.94% of the company’s stock.

Discover Financial Services Stock Performance

DFS opened at $201.59 on Friday. The business has a fifty day simple moving average of $178.30 and a 200-day simple moving average of $154.01. The firm has a market cap of $50.66 billion, a PE ratio of 12.63, a P/E/G ratio of 1.15 and a beta of 1.46. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 1.09. Discover Financial Services has a fifty-two week low of $101.71 and a fifty-two week high of $204.93.

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 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%. As a group, equities analysts predict that Discover Financial Services will post 12.82 EPS for the current fiscal 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. This represents a $2.80 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Friday, May 23rd. Discover Financial Services’s dividend payout ratio is 17.54%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on DFS shares. Royal Bank of Canada upped their target price on shares of Discover Financial Services from $193.00 to $210.00 and gave the stock a “sector perform” rating in a research report on Friday. Evercore ISI raised their target price on Discover Financial Services from $156.00 to $163.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. StockNews.com lowered Discover Financial Services from a “buy” rating to a “hold” rating in a research report on Friday. Truist Financial began coverage on Discover Financial Services in a research note on Tuesday, January 7th. They issued a “buy” rating and a $233.00 price target for the company. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Discover Financial Services from $146.00 to $169.00 and gave the company a “neutral” rating in a research note on Friday. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $180.57.

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.