Quantbot Technologies LP Has $2.04 Million Holdings in Discover Financial Services (NYSE:DFS)

Quantbot Technologies LP increased its stake in Discover Financial Services (NYSE:DFS) by 19.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,504 shares of the financial services provider’s stock after acquiring an additional 2,360 shares during the quarter. Quantbot Technologies LP’s holdings in Discover Financial Services were worth $2,035,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. National Pension Service grew its holdings in Discover Financial Services by 14.8% in the third quarter. National Pension Service now owns 439,756 shares of the financial services provider’s stock worth $61,693,000 after purchasing an additional 56,814 shares during the period. William B. Walkup & Associates Inc. acquired a new stake in shares of Discover Financial Services in the 2nd quarter valued at about $4,835,000. Janney Montgomery Scott LLC acquired a new stake in shares of Discover Financial Services in the 3rd quarter valued at about $2,415,000. Janus Henderson Group PLC increased its position in Discover Financial Services by 61.0% in the 1st quarter. Janus Henderson Group PLC now owns 62,529 shares of the financial services provider’s stock valued at $8,197,000 after buying an additional 23,702 shares in the last quarter. Finally, Versor Investments LP raised its stake in Discover Financial Services by 21.5% during the 3rd quarter. Versor Investments LP now owns 75,963 shares of the financial services provider’s stock worth $10,657,000 after buying an additional 13,427 shares during the period. Institutional investors own 86.94% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Evercore ISI boosted 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 boosted their price target on shares of Discover Financial Services from $152.00 to $160.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Royal Bank of Canada lifted their price objective on shares of Discover Financial Services from $148.00 to $161.00 and gave the company a “sector perform” rating in a report on Friday, October 18th. Finally, StockNews.com lowered shares of Discover Financial Services from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $138.81.

Discover Financial Services Stock Down 0.0 %

Shares of NYSE DFS opened at $182.56 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.08 and a quick ratio of 1.04. The stock has a market capitalization of $45.84 billion, a PE ratio of 14.73, a P/E/G ratio of 1.17 and a beta of 1.41. Discover Financial Services has a one year low of $85.37 and a one year high of $188.26. The business’s fifty day moving average price is $155.86 and its 200-day moving average price is $139.27.

Discover Financial Services (NYSE:DFS) last issued its earnings results on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share for the quarter, topping analysts’ consensus estimates of $3.28 by $0.41. Discover Financial Services had a net margin of 13.78% and a return on equity of 21.38%. The firm had revenue of $5.91 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same quarter last year, the business earned $2.59 earnings per share. On average, equities research analysts anticipate that Discover Financial Services will post 13.34 EPS for the current year.

Discover Financial Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.80 annualized dividend and a dividend yield of 1.53%. Discover Financial Services’s dividend payout ratio is currently 22.60%.

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.