Vision Capital Management Inc. Sells 391 Shares of Discover Financial Services (NYSE:DFS)

Vision Capital Management Inc. lowered its stake in Discover Financial Services (NYSE:DFS) by 2.8% during the fourth quarter, Holdings Channel reports. The firm owned 13,523 shares of the financial services provider’s stock after selling 391 shares during the period. Vision Capital Management Inc.’s holdings in Discover Financial Services were worth $2,343,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. boosted its stake in Discover Financial Services by 31.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,466 shares of the financial services provider’s stock valued at $4,781,000 after buying an additional 6,599 shares in the last quarter. Y.D. More Investments Ltd boosted its stake in Discover Financial Services by 76.1% in the fourth quarter. Y.D. More Investments Ltd now owns 405 shares of the financial services provider’s stock valued at $70,000 after buying an additional 175 shares in the last quarter. Stratos Wealth Partners LTD. boosted its stake in Discover Financial Services by 0.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 6,158 shares of the financial services provider’s stock valued at $1,067,000 after buying an additional 57 shares in the last quarter. Yousif Capital Management LLC boosted its stake in Discover Financial Services by 3.3% in the fourth quarter. Yousif Capital Management LLC now owns 37,315 shares of the financial services provider’s stock valued at $6,464,000 after buying an additional 1,187 shares in the last quarter. Finally, Silverlake Wealth Management LLC acquired a new stake in Discover Financial Services in the fourth quarter valued at about $214,000. 86.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DFS. StockNews.com lowered Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods lifted their price target on Discover Financial Services from $170.00 to $232.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Barclays lifted their price target on Discover Financial Services from $186.00 to $209.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Truist Financial lifted their price target on Discover Financial Services from $233.00 to $262.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Royal Bank of Canada lifted their price target on Discover Financial Services from $193.00 to $210.00 and gave the company a “sector perform” rating in a research note on Friday, January 24th. Ten research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $182.64.

Discover Financial Services Trading Up 1.7 %

NYSE DFS opened at $201.79 on Thursday. The firm has a market capitalization of $50.71 billion, a P/E ratio of 12.64, a PEG ratio of 0.64 and a beta of 1.46. The business has a fifty day simple moving average of $182.09 and a 200 day simple moving average of $157.92. Discover Financial Services has a 12 month low of $104.08 and a 12 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.

Discover Financial Services (NYSE:DFS) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 EPS for the quarter, beating analysts’ consensus estimates of $3.13 by $1.98. Discover Financial Services had a return on equity of 26.18% and a net margin of 17.29%. On average, analysts predict that Discover Financial Services will post 13.39 EPS for the current fiscal year.

Discover Financial Services Announces Dividend

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

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.