Bruni J V & Co. Co. Has $52.55 Million Stock Position in Discover Financial Services (NYSE:DFS)

Bruni J V & Co. Co. lessened its stake in shares of Discover Financial Services (NYSE:DFS) by 17.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 303,333 shares of the financial services provider’s stock after selling 65,924 shares during the quarter. Discover Financial Services accounts for about 5.9% of Bruni J V & Co. Co.’s investment portfolio, making the stock its 4th largest position. Bruni J V & Co. Co.’s holdings in Discover Financial Services were worth $52,546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of the stock. State Street Corp lifted its position in shares of 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 buying an additional 80,601 shares during the period. FMR LLC lifted its position in shares of 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 buying an additional 558,227 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Discover Financial Services during the 4th quarter worth approximately $351,766,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Discover Financial Services by 0.7% during 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 worth $257,391,000 after buying an additional 12,255 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Discover Financial Services by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,728,276 shares of the financial services provider’s stock worth $242,460,000 after buying an additional 7,751 shares during the period. Institutional investors own 86.94% of the company’s stock.

Discover Financial Services Trading Up 2.2 %

DFS stock opened at $195.38 on Friday. The company has a market cap of $49.16 billion, a P/E ratio of 12.24, a PEG ratio of 1.51 and a beta of 1.46. Discover Financial Services has a twelve month low of $118.74 and a twelve month high of $205.76. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The business has a fifty day moving average of $188.81 and a 200-day moving average of $165.25.

Discover Financial Services (NYSE:DFS) last released 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%. As a group, equities research analysts expect that Discover Financial Services will post 13.88 EPS for the current year.

Discover Financial Services Dividend Announcement

The business 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 dividend of $0.70 per share. The ex-dividend date is Friday, May 23rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.43%. Discover Financial Services’s dividend payout ratio (DPR) is presently 17.54%.

Analyst Ratings Changes

Several research firms recently commented on DFS. Keefe, Bruyette & Woods raised their target price on Discover Financial Services from $170.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Wells Fargo & Company lifted their price objective on 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 Discover Financial Services from a “buy” rating to a “hold” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. lifted their price objective on Discover Financial Services from $146.00 to $169.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. Finally, Barclays lifted their price objective on Discover Financial Services from $186.00 to $209.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.