Assetmark Inc. Has $117,000 Holdings in Discover Financial Services (NYSE:DFS)

Assetmark Inc. grew its holdings in shares of Discover Financial Services (NYSE:DFS) by 17.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 677 shares of the financial services provider’s stock after acquiring an additional 100 shares during the quarter. Assetmark Inc.’s holdings in Discover Financial Services were worth $117,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in DFS. Atria Investments Inc boosted its stake in shares of Discover Financial Services by 57.8% in the 3rd quarter. Atria Investments Inc now owns 12,783 shares of the financial services provider’s stock valued at $1,793,000 after purchasing an additional 4,684 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Discover Financial Services by 27.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 316 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 68 shares in the last quarter. Apollon Wealth Management LLC boosted its stake in shares of Discover Financial Services by 14.0% in the 3rd quarter. Apollon Wealth Management LLC now owns 4,179 shares of the financial services provider’s stock valued at $586,000 after purchasing an additional 513 shares in the last quarter. Aptus Capital Advisors LLC boosted its stake in shares of Discover Financial Services by 47.6% in the 3rd quarter. Aptus Capital Advisors LLC now owns 2,774 shares of the financial services provider’s stock valued at $389,000 after purchasing an additional 895 shares in the last quarter. Finally, Haverford Trust Co boosted its stake in shares of Discover Financial Services by 25.2% in the 3rd quarter. Haverford Trust Co now owns 2,910 shares of the financial services provider’s stock valued at $408,000 after purchasing an additional 586 shares in the last quarter. Institutional investors own 86.94% of the company’s stock.

Wall Street Analyst Weigh In

DFS has been the subject of a number of research reports. Truist Financial raised their price objective on shares of Discover Financial Services from $233.00 to $262.00 and gave the company a “buy” rating in a report on Monday, January 27th. Royal Bank of Canada raised their price objective on shares of Discover Financial Services from $193.00 to $210.00 and gave the company a “sector perform” rating in a report on Friday, January 24th. Barclays raised their price objective on shares of Discover Financial Services from $186.00 to $209.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Wells Fargo & Company raised their price objective 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. Finally, JPMorgan Chase & Co. raised their price objective on shares of Discover Financial Services from $146.00 to $169.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Discover Financial Services has an average rating of “Hold” and a consensus target price of $191.91.

Discover Financial Services Stock Up 3.4 %

Discover Financial Services stock opened at $164.67 on Friday. The firm has a 50 day moving average price of $187.69 and a two-hundred day moving average price of $167.82. The firm has a market cap of $41.43 billion, a price-to-earnings ratio of 10.32, a PEG ratio of 1.51 and a beta of 1.45. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.09. Discover Financial Services has a 52-week low of $119.31 and a 52-week high of $205.76.

Discover Financial Services (NYSE:DFS) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $3.13 by $1.98. Discover Financial Services had a net margin of 17.29% and a return on equity of 26.18%. Equities analysts predict that Discover Financial Services will post 13.88 EPS for the current 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 paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.80 annualized dividend and a dividend yield of 1.70%. Discover Financial Services’s dividend payout ratio is currently 17.54%.

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.