Meeder Advisory Services Inc. Buys 177 Shares of Discover Financial Services (NYSE:DFS)

Meeder Advisory Services Inc. lifted its stake in Discover Financial Services (NYSE:DFS) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,882 shares of the financial services provider’s stock after purchasing an additional 177 shares during the period. Meeder Advisory Services Inc.’s holdings in Discover Financial Services were worth $1,019,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Townsquare Capital LLC boosted its position in Discover Financial Services by 4.5% during the 3rd quarter. Townsquare Capital LLC now owns 4,769 shares of the financial services provider’s stock valued at $669,000 after acquiring an additional 204 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Discover Financial Services during the third quarter valued at approximately $30,000. Atom Investors LP grew its stake in Discover Financial Services by 69.5% in the third quarter. Atom Investors LP now owns 3,489 shares of the financial services provider’s stock worth $489,000 after purchasing an additional 1,430 shares during the period. Benjamin Edwards Inc. raised its holdings in Discover Financial Services by 465.3% in the third quarter. Benjamin Edwards Inc. now owns 10,249 shares of the financial services provider’s stock worth $1,438,000 after purchasing an additional 8,436 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in Discover Financial Services by 3.4% in the third quarter. Janus Henderson Group PLC now owns 36,738 shares of the financial services provider’s stock worth $5,155,000 after purchasing an additional 1,200 shares in the last quarter. Institutional investors own 86.94% of the company’s stock.

Discover Financial Services Stock Up 3.1 %

Discover Financial Services stock opened at $175.81 on Thursday. Discover Financial Services has a 12 month low of $119.31 and a 12 month high of $205.76. The stock has a fifty day simple moving average of $183.24 and a two-hundred day simple moving average of $170.92. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. The firm has a market cap of $44.23 billion, a price-to-earnings ratio of 11.02, a PEG ratio of 1.51 and a beta of 1.45.

Discover Financial Services (NYSE:DFS) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $5.11 EPS for the quarter, topping the consensus estimate of $3.13 by $1.98. Discover Financial Services had a return on equity of 26.18% and a net margin of 17.29%. Equities analysts predict that Discover Financial Services will post 13.88 EPS for the current fiscal year.

Discover Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.70 per share. The ex-dividend date is Friday, May 23rd. This represents a $2.80 annualized dividend and a dividend yield of 1.59%. Discover Financial Services’s payout ratio is 17.54%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Truist Financial reduced their target price on shares of Discover Financial Services from $262.00 to $219.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Barclays upped their price objective on shares of Discover Financial Services from $186.00 to $209.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Wells Fargo & Company lifted their target price on shares of Discover Financial Services from $185.00 to $214.00 and gave the company an “equal weight” rating in a report on Friday, January 24th. Keefe, Bruyette & Woods upped their price target on Discover Financial Services from $170.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, Royal Bank of Canada lifted their price objective on Discover Financial Services from $193.00 to $210.00 and gave the company a “sector perform” rating in a research note on Friday, January 24th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Discover Financial Services currently has a consensus rating of “Hold” and an average target price of $192.40.

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.