CHICAGO TRUST Co NA Purchases Shares of 3,112 Discover Financial Services (NYSE:DFS)

CHICAGO TRUST Co NA acquired a new position in shares of Discover Financial Services (NYSE:DFS) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 3,112 shares of the financial services provider’s stock, valued at approximately $437,000.

Other large investors have also modified their holdings of the company. Opal Wealth Advisors LLC purchased a new stake in Discover Financial Services in the second quarter valued at $26,000. Y.D. More Investments Ltd grew its stake in 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 buying an additional 133 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in Discover Financial Services by 72.5% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 226 shares of the financial services provider’s stock worth $30,000 after buying an additional 95 shares during the period. Larson Financial Group LLC lifted its stake in Discover Financial Services by 348.2% in the second quarter. Larson Financial Group LLC now owns 251 shares of the financial services provider’s stock valued at $33,000 after buying an additional 195 shares during the last quarter. Finally, Riverview Trust Co acquired a new stake in shares of Discover Financial Services in the first quarter valued at approximately $34,000. Institutional investors and hedge funds own 86.94% of the company’s stock.

Discover Financial Services Price Performance

Shares of NYSE:DFS opened at $145.81 on Monday. Discover Financial Services has a 12 month low of $79.04 and a 12 month high of $147.61. The firm has a market capitalization of $36.57 billion, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 0.94 and a beta of 1.41. The business’s 50 day simple moving average is $134.73 and its 200-day simple moving average is $130.41. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.12 and a quick ratio of 1.04.

Discover Financial Services (NYSE:DFS) last posted its earnings results on Wednesday, July 17th. The financial services provider reported $6.06 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $4.18 billion. During the same period in the previous year, the business earned $3.54 earnings per share. Discover Financial Services’s quarterly revenue was up 17.0% compared to the same quarter last year. As a group, equities analysts forecast that Discover Financial Services will post 13.15 earnings per share for the current fiscal year.

Discover Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 22nd were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend was Thursday, August 22nd. Discover Financial Services’s payout ratio is currently 31.93%.

Analyst Ratings Changes

DFS has been the topic of a number of recent research reports. Royal Bank of Canada lifted 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 report on Friday, July 19th. Barclays raised their price target on Discover Financial Services from $135.00 to $137.00 and gave the stock an “equal weight” rating in a report on Friday, July 19th. BMO Capital Markets upped their price objective on 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. Jefferies Financial Group lifted their target price on Discover Financial Services from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Finally, StockNews.com assumed coverage on Discover Financial Services in a report on Friday. They set a “hold” rating for the company. Thirteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $133.88.

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.