2,071 Shares in Discover Financial Services (NYSE:DFS) Purchased by CoreFirst Bank & Trust

CoreFirst Bank & Trust acquired a new stake in Discover Financial Services (NYSE:DFS) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,071 shares of the financial services provider’s stock, valued at approximately $359,000.

Several other hedge funds have also recently modified their holdings of DFS. Raymond James Financial Inc. purchased a new stake in shares of Discover Financial Services during the fourth quarter valued at approximately $38,489,000. Nomura Asset Management Co. Ltd. increased its position in shares of Discover Financial Services by 10.5% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 115,487 shares of the financial services provider’s stock valued at $16,202,000 after purchasing an additional 10,946 shares during the last quarter. Brookstone Capital Management bought a new stake in shares of Discover Financial Services during the 4th quarter worth $282,000. Meyer Handelman Co. bought a new stake in shares of Discover Financial Services during the 4th quarter worth $239,000. Finally, Mechanics Bank Trust Department purchased a new position in shares of Discover Financial Services in the 4th quarter worth about $234,000. Institutional investors own 86.94% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Keefe, Bruyette & Woods lifted their price objective 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. Wells Fargo & Company lifted their price target on shares of Discover Financial Services from $185.00 to $214.00 and gave the stock an “equal weight” rating in a report on Friday, January 24th. StockNews.com lowered Discover Financial Services from a “buy” rating to a “hold” rating in a report on Friday, January 24th. JPMorgan Chase & Co. boosted their target price on Discover Financial Services from $146.00 to $169.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Finally, UBS Group upgraded 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 note on Monday, January 13th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $192.40.

Discover Financial Services Stock Up 3.3 %

Shares of NYSE DFS opened at $170.22 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The company has a market cap of $42.83 billion, a P/E ratio of 10.67, a P/E/G ratio of 1.51 and a beta of 1.45. Discover Financial Services has a 52 week low of $119.31 and a 52 week high of $205.76. The business has a 50-day simple moving average of $186.06 and a two-hundred day simple moving average of $169.36.

Discover Financial Services (NYSE:DFS) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.13 by $1.98. Discover Financial Services had a return on equity of 26.18% and a net margin of 17.29%. Research analysts anticipate that Discover Financial Services will post 13.88 earnings per share for the current fiscal year.

Discover Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Friday, May 23rd. Discover Financial Services’s payout ratio is currently 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.