Discover Financial Services (NYSE:DFS) Shares Purchased by Park National Corp OH

Park National Corp OH grew its holdings in shares of Discover Financial Services (NYSE:DFS) by 7.5% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 3,198 shares of the financial services provider’s stock after purchasing an additional 222 shares during the period. Park National Corp OH’s holdings in Discover Financial Services were worth $419,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Kestra Advisory Services LLC boosted its stake in shares of Discover Financial Services by 6.9% in the third quarter. Kestra Advisory Services LLC now owns 19,162 shares of the financial services provider’s stock valued at $1,660,000 after purchasing an additional 1,234 shares during the period. QRG Capital Management Inc. bought a new position in Discover Financial Services during the 3rd quarter valued at $1,493,000. Envestnet Portfolio Solutions Inc. bought a new position in Discover Financial Services during the 3rd quarter valued at $5,429,000. Envestnet Asset Management Inc. boosted its stake in Discover Financial Services by 37.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,319,086 shares of the financial services provider’s stock valued at $114,272,000 after acquiring an additional 362,859 shares during the last quarter. Finally, FMR LLC boosted its stake in Discover Financial Services by 4.4% during the 3rd quarter. FMR LLC now owns 5,686,848 shares of the financial services provider’s stock valued at $492,652,000 after acquiring an additional 238,498 shares during the last quarter. 86.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. HSBC increased their price objective on shares of Discover Financial Services from $107.00 to $144.00 and gave the company a “hold” rating in a research note on Thursday, March 21st. Piper Sandler increased their target price on shares of Discover Financial Services from $127.00 to $145.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Seaport Res Ptn cut shares of Discover Financial Services from a “buy” rating to a “neutral” rating in a report on Friday, March 15th. Royal Bank of Canada reissued a “sector perform” rating and set a $140.00 target price (up from $117.00) on shares of Discover Financial Services in a report on Wednesday, February 21st. Finally, BTIG Research initiated coverage on shares of Discover Financial Services in a 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 seven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $126.29.

Read Our Latest Stock Analysis on DFS

Discover Financial Services Stock Up 0.6 %

Shares of NYSE DFS traded up $0.79 during mid-day trading on Tuesday, reaching $126.50. The company had a trading volume of 413,911 shares, compared to its average volume of 1,894,603. The stock has a fifty day moving average of $124.01 and a two-hundred day moving average of $117.21. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market capitalization of $31.70 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 0.74 and a beta of 1.41. Discover Financial Services has a 12-month low of $79.04 and a 12-month high of $131.65.

Discover Financial Services (NYSE:DFSGet Free Report) last posted its quarterly earnings results on Thursday, April 18th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.98 by ($1.88). The company had revenue of $4.21 billion during the quarter, compared to analysts’ expectations of $4.07 billion. Discover Financial Services had a return on equity of 17.07% and a net margin of 10.56%. During the same period last year, the company earned $3.58 earnings per share. As a group, equities research analysts expect that Discover Financial Services will post 11.48 EPS for the current year.

Discover Financial Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Thursday, May 23rd were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.21%. The ex-dividend date was Wednesday, May 22nd. Discover Financial Services’s payout ratio is presently 31.93%.

Discover Financial Services Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Discover Financial Services (NYSE:DFS)

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