Oppenheimer & Co. Inc. Has $3.28 Million Stock Holdings in Discover Financial Services (NYSE:DFS)

Oppenheimer & Co. Inc. raised its stake in Discover Financial Services (NYSE:DFS) by 0.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,074 shares of the financial services provider’s stock after buying an additional 182 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Discover Financial Services were worth $3,280,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vest Financial LLC increased its stake in shares of Discover Financial Services by 18.6% during the 2nd quarter. Vest Financial LLC now owns 172,981 shares of the financial services provider’s stock worth $22,628,000 after purchasing an additional 27,157 shares during the last quarter. Y.D. More Investments Ltd increased its stake in shares of Discover Financial Services by 147.8% during the 2nd quarter. Y.D. More Investments Ltd now owns 223 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 133 shares during the last quarter. Hazlett Burt & Watson Inc. increased its stake in shares of Discover Financial Services by 1,029.1% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 4,302 shares of the financial services provider’s stock worth $563,000 after purchasing an additional 3,921 shares during the last quarter. HHM Wealth Advisors LLC acquired a new position in shares of Discover Financial Services during the 2nd quarter worth $164,000. Finally, Gryphon Financial Partners LLC increased its stake in shares of Discover Financial Services by 13.6% during the 2nd quarter. Gryphon Financial Partners LLC now owns 2,029 shares of the financial services provider’s stock worth $265,000 after purchasing an additional 243 shares during the last quarter. Institutional investors and hedge funds own 86.94% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on DFS shares. Royal Bank of Canada raised their target price on shares of Discover Financial Services from $140.00 to $148.00 and gave the company a “sector perform” rating in a research note on Friday, July 19th. StockNews.com started coverage on shares of Discover Financial Services in a research note on Monday, September 9th. They issued a “hold” rating on the stock. BTIG Research started coverage on shares of Discover Financial Services in a research note on Friday, June 7th. They issued a “neutral” rating on the stock. BMO Capital Markets raised their target price on shares of Discover Financial Services from $115.00 to $119.00 and gave the company a “market perform” rating in a research note on Friday, July 19th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Discover Financial Services from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Monday, July 8th. Thirteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $132.94.

Discover Financial Services Trading Up 1.6 %

DFS stock opened at $131.33 on Monday. Discover Financial Services has a 1-year low of $79.04 and a 1-year high of $147.61. The firm has a market cap of $32.93 billion, a P/E ratio of 14.97, a P/E/G ratio of 0.86 and a beta of 1.42. The business’s 50 day moving average is $133.92 and its 200-day moving average is $128.04. The company has a current ratio of 1.12, a quick ratio of 1.04 and a debt-to-equity ratio of 1.28.

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, beating the consensus estimate of $3.06 by $3.00. Discover Financial Services had a return on equity of 20.92% and a net margin of 12.88%. The company had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same period in the prior year, the company posted $3.54 EPS. The company’s revenue was up 17.0% compared to the same quarter last year. Equities analysts anticipate that Discover Financial Services will post 12.87 earnings per share for the current fiscal year.

Discover Financial Services Announces Dividend

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 2.13%. Discover Financial Services’s dividend payout ratio is currently 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.