Discover Financial Services (NYSE:DFS) Position Reduced by Roberts Glore & Co. Inc. IL

Roberts Glore & Co. Inc. IL cut its position in shares of Discover Financial Services (NYSE:DFS) by 40.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,530 shares of the financial services provider’s stock after selling 1,050 shares during the quarter. Roberts Glore & Co. Inc. IL’s holdings in Discover Financial Services were worth $265,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of DFS. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Discover Financial Services during the third quarter valued at about $30,000. SBI Securities Co. Ltd. purchased a new stake in Discover Financial Services during the fourth quarter valued at about $33,000. Grove Bank & Trust lifted its stake in Discover Financial Services by 78.1% during the fourth quarter. Grove Bank & Trust now owns 203 shares of the financial services provider’s stock valued at $35,000 after buying an additional 89 shares in the last quarter. Bfsg LLC purchased a new stake in Discover Financial Services during the fourth quarter valued at about $35,000. Finally, Hantz Financial Services Inc. purchased a new stake in Discover Financial Services during the fourth quarter valued at about $37,000. 86.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on DFS shares. Wells Fargo & Company upped their price objective on shares of Discover Financial Services from $185.00 to $214.00 and gave the company an “equal weight” rating in a research note on Friday, January 24th. Barclays increased their price target on shares of Discover Financial Services from $186.00 to $209.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods increased 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. UBS Group raised shares of Discover Financial Services from a “neutral” rating to a “buy” rating and increased their price target for the stock from $150.00 to $239.00 in a research report on Monday, January 13th. Finally, Royal Bank of Canada increased their price target on shares of Discover Financial Services from $193.00 to $210.00 and gave the stock a “sector perform” rating in a research report on Friday, January 24th. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $191.91.

Discover Financial Services Stock Performance

Shares of DFS opened at $167.38 on Friday. The company’s fifty day moving average is $189.03 and its 200-day moving average is $167.10. Discover Financial Services has a 12 month low of $119.31 and a 12 month high of $205.76. The firm has a market cap of $42.11 billion, a price-to-earnings ratio of 10.49, a price-to-earnings-growth ratio of 1.51 and a beta of 1.45. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 1.09.

Discover Financial Services (NYSE:DFS) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 EPS for the quarter, topping 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%. Equities analysts expect that Discover Financial Services will post 13.88 EPS for the current fiscal year.

Discover Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.70 per share. The ex-dividend date is Friday, May 23rd. This represents a $2.80 annualized dividend and a dividend yield of 1.67%. Discover Financial Services’s dividend payout ratio (DPR) is 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.