Discover Financial Services (NYSE:DFS) Stock Holdings Decreased by Khrom Capital Management LLC

Khrom Capital Management LLC lowered its position in shares of Discover Financial Services (NYSE:DFS) by 2.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 324,065 shares of the financial services provider’s stock after selling 9,740 shares during the quarter. Discover Financial Services accounts for about 8.0% of Khrom Capital Management LLC’s holdings, making the stock its 6th largest position. Khrom Capital Management LLC owned approximately 0.13% of Discover Financial Services worth $42,391,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. TrinityPoint Wealth LLC acquired a new stake in Discover Financial Services during the 4th quarter worth about $300,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Discover Financial Services during the fourth quarter worth approximately $215,000. Wells Fargo & Company MN grew its position in Discover Financial Services by 8.4% during the fourth quarter. Wells Fargo & Company MN now owns 406,092 shares of the financial services provider’s stock valued at $45,645,000 after purchasing an additional 31,354 shares in the last quarter. D.A. Davidson & CO. increased its stake in Discover Financial Services by 238.7% in the 4th quarter. D.A. Davidson & CO. now owns 14,783 shares of the financial services provider’s stock valued at $1,662,000 after buying an additional 10,418 shares during the period. Finally, Ontario Teachers Pension Plan Board lifted its position in Discover Financial Services by 21.6% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 5,908 shares of the financial services provider’s stock worth $664,000 after buying an additional 1,048 shares in the last quarter. Hedge funds and other institutional investors own 86.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on DFS shares. JPMorgan Chase & Co. boosted their price target on shares of Discover Financial Services from $132.00 to $135.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Barclays upped their target price on Discover Financial Services from $135.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Friday, July 19th. StockNews.com began coverage on Discover Financial Services in a report on Tuesday, September 17th. They set a “hold” rating for the company. Royal Bank of Canada increased their price objective on Discover Financial Services from $140.00 to $148.00 and gave the stock a “sector perform” rating in a report on Friday, July 19th. Finally, BTIG Research assumed coverage on shares of Discover Financial Services in a research report on Friday, June 7th. They set a “neutral” rating on the stock. Thirteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $132.94.

Discover Financial Services Stock Down 1.0 %

Discover Financial Services stock opened at $142.49 on Monday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.12 and a quick ratio of 1.04. Discover Financial Services has a fifty-two week low of $79.04 and a fifty-two week high of $147.61. The firm has a fifty day moving average price of $134.78 and a two-hundred day moving average price of $128.69. The firm has a market cap of $35.73 billion, a price-to-earnings ratio of 16.25, a P/E/G ratio of 0.86 and a beta of 1.42.

Discover Financial Services (NYSE:DFS) last posted its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $6.06 earnings per share for the quarter, topping the consensus estimate of $3.06 by $3.00. The business had revenue of $4.54 billion during the quarter, compared to analysts’ expectations of $4.18 billion. Discover Financial Services had a return on equity of 20.92% and a net margin of 12.88%. The firm’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.54 EPS. As a group, analysts forecast that Discover Financial Services will post 12.87 earnings per share for the current year.

Discover Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 22nd were paid a $0.70 dividend. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $2.80 annualized dividend and a dividend yield of 1.97%. Discover Financial Services’s payout ratio is 31.93%.

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; private student loans, 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.