Discover Financial Services (NYSE:DFS) Shares Purchased by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC grew its position in shares of Discover Financial Services (NYSE:DFS) by 36.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 8,549 shares of the financial services provider’s stock after purchasing an additional 2,281 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Discover Financial Services were worth $1,055,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. TrinityPoint Wealth LLC bought a new stake in Discover Financial Services in the fourth quarter worth about $300,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Discover Financial Services in the 4th quarter worth approximately $215,000. Wells Fargo & Company MN lifted its stake 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 during the last quarter. D.A. Davidson & CO. boosted its holdings in Discover Financial Services by 238.7% during the fourth quarter. D.A. Davidson & CO. now owns 14,783 shares of the financial services provider’s stock worth $1,662,000 after buying an additional 10,418 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board boosted its holdings in Discover Financial Services by 21.6% during the fourth 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. Institutional investors own 86.94% of the company’s stock.

Discover Financial Services Trading Down 1.0 %

NYSE:DFS opened at $142.49 on Monday. The company has a market capitalization of $35.73 billion, a P/E ratio of 16.25, a P/E/G ratio of 0.86 and a beta of 1.42. The stock’s 50 day moving average price is $134.78 and its 200 day moving average price is $128.69. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.04 and a current ratio of 1.12. Discover Financial Services has a 52 week low of $79.04 and a 52 week high of $147.61.

Discover Financial Services (NYSE:DFS) last announced its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $6.06 EPS for the quarter, topping the consensus estimate of $3.06 by $3.00. Discover Financial Services had a net margin of 12.88% and a return on equity of 20.92%. The company had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same quarter in the prior year, the business posted $3.54 EPS. Discover Financial Services’s quarterly revenue was up 17.0% on a year-over-year basis. On average, research analysts forecast that Discover Financial Services will post 12.87 EPS for the current fiscal year.

Discover Financial Services Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Keefe, Bruyette & Woods increased their price objective on Discover Financial Services from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Monday, July 8th. JPMorgan Chase & Co. boosted their target price on Discover Financial Services from $132.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. StockNews.com began coverage on Discover Financial Services in a research report on Tuesday, September 17th. They issued a “hold” rating for the company. BTIG Research began coverage on Discover Financial Services in a research note on Friday, June 7th. They issued a “neutral” rating on the stock. Finally, Barclays upped their price objective on shares of Discover Financial Services from $135.00 to $137.00 and gave the company an “equal weight” rating in a research note on Friday, July 19th. Thirteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $132.94.

Discover Financial Services 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.