Twin Peaks Wealth Advisors LLC Sells 140 Shares of Discover Financial Services (NYSE:DFS)

Twin Peaks Wealth Advisors LLC lessened its stake in Discover Financial Services (NYSE:DFS) by 8.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,434 shares of the financial services provider’s stock after selling 140 shares during the quarter. Twin Peaks Wealth Advisors LLC’s holdings in Discover Financial Services were worth $248,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in Discover Financial Services during the third quarter valued at approximately $30,000. Grove Bank & Trust lifted its holdings in shares of Discover Financial Services by 78.1% in the 4th quarter. Grove Bank & Trust now owns 203 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 89 shares in the last quarter. Bfsg LLC purchased a new position in Discover Financial Services during the 4th quarter worth $35,000. Hantz Financial Services Inc. bought a new position in Discover Financial Services during the fourth quarter valued at about $37,000. Finally, Venturi Wealth Management LLC grew its stake in Discover Financial Services by 27.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 316 shares of the financial services provider’s stock valued at $44,000 after buying an additional 68 shares in the last quarter. Institutional investors and hedge funds own 86.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DFS. Evercore ISI raised their price objective 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. Wells Fargo & Company lifted their price target on shares of Discover Financial Services from $185.00 to $214.00 and gave the company an “equal weight” rating in a report on Friday, January 24th. Barclays lifted their price objective on shares of Discover Financial Services from $186.00 to $209.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods lifted their price objective on Discover Financial Services from $170.00 to $232.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, Truist Financial lifted their target price on Discover Financial Services from $233.00 to $262.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Discover Financial Services currently has an average rating of “Hold” and an average target price of $191.91.

Discover Financial Services Stock Performance

Discover Financial Services stock opened at $193.54 on Tuesday. The firm has a market capitalization of $48.64 billion, a P/E ratio of 12.13, a P/E/G ratio of 1.51 and a beta of 1.46. The stock has a fifty day moving average price of $187.21 and a two-hundred day moving average price of $163.95. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.03. Discover Financial Services has a 52-week low of $118.74 and a 52-week high of $205.76.

Discover Financial Services (NYSE:DFS) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share 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%. As a group, analysts anticipate that Discover Financial Services will post 13.88 EPS for the current fiscal year.

Discover Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors 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 annualized dividend and a yield of 1.45%. Discover Financial Services’s dividend payout ratio (DPR) is currently 17.54%.

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.