FCF Advisors LLC Invests $2.37 Million in Discover Financial Services (NYSE:DFS)

FCF Advisors LLC purchased a new stake in Discover Financial Services (NYSE:DFS) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 16,919 shares of the financial services provider’s stock, valued at approximately $2,374,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new stake in Discover Financial Services in the 2nd quarter valued at approximately $26,000. Y.D. More Investments Ltd boosted its holdings in Discover Financial Services by 147.8% in the 2nd quarter. Y.D. More Investments Ltd now owns 223 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 133 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Discover Financial Services by 72.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 226 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 95 shares in the last quarter. Larson Financial Group LLC boosted its holdings in Discover Financial Services by 348.2% in the 2nd quarter. Larson Financial Group LLC now owns 251 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 195 shares in the last quarter. Finally, Riverview Trust Co purchased a new stake in Discover Financial Services in the 1st quarter valued at approximately $34,000. Institutional investors and hedge funds own 86.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DFS. BMO Capital Markets lifted their price objective on Discover Financial Services from $115.00 to $119.00 and gave the company a “market perform” rating in a report on Friday, July 19th. Royal Bank of Canada lifted their price objective on Discover Financial Services from $140.00 to $148.00 and gave the company a “sector perform” rating in a report on Friday, July 19th. JPMorgan Chase & Co. boosted their price target on Discover Financial Services from $132.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Jefferies Financial Group boosted their price target on Discover Financial Services from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Finally, StockNews.com began coverage on Discover Financial Services in a research note on Thursday, October 3rd. They set a “hold” rating on the stock. Thirteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Discover Financial Services presently has an average rating of “Hold” and an average price target of $133.88.

Discover Financial Services Stock Down 0.6 %

NYSE:DFS traded down $0.85 on Tuesday, reaching $143.21. The stock had a trading volume of 355,643 shares, compared to its average volume of 1,644,649. The company has a current ratio of 1.12, a quick ratio of 1.04 and a debt-to-equity ratio of 1.28. The company has a 50-day moving average of $134.32 and a 200 day moving average of $129.81. The stock has a market cap of $35.91 billion, a P/E ratio of 16.43, a price-to-earnings-growth ratio of 0.94 and a beta of 1.41. Discover Financial Services has a 12-month low of $79.04 and a 12-month high of $147.61.

Discover Financial Services (NYSE:DFS) last released 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 firm had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.18 billion. Discover Financial Services had a net margin of 12.88% and a return on equity of 20.92%. Discover Financial Services’s quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.54 earnings per share. On average, research analysts predict that Discover Financial Services will post 12.88 earnings per share for the current year.

Discover Financial Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 22nd were paid a dividend of $0.70 per share. The ex-dividend date was Thursday, August 22nd. This represents a $2.80 annualized dividend and a yield of 1.96%. Discover Financial Services’s dividend payout ratio (DPR) 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.