Discover Financial Services (NYSE:DFS) Shares Acquired by Private Trust Co. NA

Private Trust Co. NA increased its position in shares of Discover Financial Services (NYSE:DFS) by 73.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,373 shares of the financial services provider’s stock after acquiring an additional 583 shares during the period. Private Trust Co. NA’s holdings in Discover Financial Services were worth $193,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Eagle Bluffs Wealth Management LLC lifted its position in shares of Discover Financial Services by 0.5% during the third quarter. Eagle Bluffs Wealth Management LLC now owns 14,501 shares of the financial services provider’s stock worth $2,034,000 after purchasing an additional 67 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in Discover Financial Services by 27.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 316 shares of the financial services provider’s stock worth $44,000 after buying an additional 68 shares in the last quarter. Inlet Private Wealth LLC grew its stake in shares of Discover Financial Services by 2.4% in the third quarter. Inlet Private Wealth LLC now owns 3,185 shares of the financial services provider’s stock worth $447,000 after acquiring an additional 75 shares in the last quarter. First Trust Direct Indexing L.P. grew its stake in shares of Discover Financial Services by 0.4% in the third quarter. First Trust Direct Indexing L.P. now owns 17,664 shares of the financial services provider’s stock worth $2,478,000 after acquiring an additional 75 shares in the last quarter. Finally, J.Safra Asset Management Corp increased its position in shares of Discover Financial Services by 24.4% during the second quarter. J.Safra Asset Management Corp now owns 387 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 76 shares during the period. 86.94% of the stock is currently owned by hedge funds and other institutional investors.

Discover Financial Services Stock Down 0.0 %

Discover Financial Services stock opened at $182.56 on Friday. The company has a market capitalization of $45.84 billion, a P/E ratio of 14.73, a PEG ratio of 1.17 and a beta of 1.41. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.04 and a current ratio of 1.08. Discover Financial Services has a fifty-two week low of $85.37 and a fifty-two week high of $188.26. The stock has a 50-day simple moving average of $155.86 and a 200-day simple moving average of $139.27.

Discover Financial Services (NYSE:DFS) last issued its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share for the quarter, beating analysts’ consensus estimates of $3.28 by $0.41. The company had revenue of $5.91 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Discover Financial Services had a return on equity of 21.38% and a net margin of 13.78%. During the same quarter in the previous year, the business earned $2.59 earnings per share. Equities research analysts expect that Discover Financial Services will post 13.34 earnings per share for the current year.

Discover Financial Services Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts recently commented on DFS shares. StockNews.com cut Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. Evercore ISI upped their target price on shares of Discover Financial Services from $156.00 to $163.00 and gave the stock an “in-line” rating in a research note 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 stock an “equal weight” rating in a report on Friday, October 18th. Finally, Royal Bank of Canada increased 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 research report on Friday, October 18th. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Discover Financial Services currently has a consensus rating of “Hold” and a consensus target price of $138.81.

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.