Discover Financial Services (NYSE:DFS) Shares Sold by Caprock Group LLC

Caprock Group LLC reduced its stake in shares of Discover Financial Services (NYSE:DFS) by 7.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,285 shares of the financial services provider’s stock after selling 471 shares during the period. Caprock Group LLC’s holdings in Discover Financial Services were worth $1,089,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AA Financial Advisors LLC bought a new stake in Discover Financial Services in the fourth quarter valued at about $241,000. Crews Bank & Trust bought a new stake in shares of Discover Financial Services in the 4th quarter valued at approximately $861,000. Busey Bank raised its position in shares of Discover Financial Services by 1.2% during the 4th quarter. Busey Bank now owns 95,110 shares of the financial services provider’s stock valued at $16,476,000 after acquiring an additional 1,141 shares in the last quarter. Hantz Financial Services Inc. bought a new position in Discover Financial Services during the fourth quarter worth $37,000. Finally, Forsta AP Fonden boosted its holdings in Discover Financial Services by 1.1% in the fourth quarter. Forsta AP Fonden now owns 66,100 shares of the financial services provider’s stock worth $11,451,000 after purchasing an additional 700 shares during the period. Institutional investors own 86.94% of the company’s stock.

Discover Financial Services Price Performance

Shares of NYSE DFS opened at $201.09 on Monday. Discover Financial Services has a twelve month low of $104.08 and a twelve month high of $205.76. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. The firm has a 50-day moving average of $181.46 and a two-hundred day moving average of $157.02. The company has a market capitalization of $50.54 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 0.64 and a beta of 1.46.

Discover Financial Services (NYSE:DFS) last released its earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 EPS 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%. As a group, analysts expect that Discover Financial Services will post 13.39 earnings per share for the current fiscal year.

Discover Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Friday, May 23rd. Discover Financial Services’s dividend payout ratio (DPR) is presently 17.54%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods raised their price target on shares of Discover Financial Services from $170.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Barclays raised their target price on shares of Discover Financial Services from $186.00 to $209.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Evercore ISI upped their target price on Discover Financial Services from $156.00 to $163.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Truist Financial raised their price target on Discover Financial Services from $233.00 to $262.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, Royal Bank of Canada boosted their price objective on Discover Financial Services from $193.00 to $210.00 and gave the company a “sector perform” rating in a research report on Friday, January 24th. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Discover Financial Services presently has an average rating of “Hold” and an average target price of $182.64.

About Discover Financial Services

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.