Caisse DE Depot ET Placement DU Quebec Has $8.05 Million Holdings in Discover Financial Services (NYSE:DFS)

Caisse DE Depot ET Placement DU Quebec raised its position in shares of Discover Financial Services (NYSE:DFS) by 2.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,400 shares of the financial services provider’s stock after acquiring an additional 1,400 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Discover Financial Services were worth $8,053,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in DFS. DiNuzzo Private Wealth Inc. boosted its stake in Discover Financial Services by 506.5% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 157 shares during the period. Opal Wealth Advisors LLC bought a new stake in shares of Discover Financial Services in the second quarter valued at about $26,000. Y.D. More Investments Ltd increased its position in Discover Financial Services by 147.8% during the second quarter. Y.D. More Investments Ltd now owns 223 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 133 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in Discover Financial Services by 72.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 226 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 95 shares in the last quarter. Finally, Larson Financial Group LLC raised its stake in Discover Financial Services by 348.2% in the 2nd quarter. Larson Financial Group LLC now owns 251 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 195 shares in the last quarter. Institutional investors and hedge funds own 86.94% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Royal Bank of Canada raised their target price on shares of Discover Financial Services from $148.00 to $161.00 and gave the stock a “sector perform” rating in a report on Friday, October 18th. Wells Fargo & Company raised their price objective on Discover Financial Services from $152.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Evercore ISI increased their target price on Discover Financial Services from $156.00 to $163.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Finally, StockNews.com cut Discover Financial Services from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Discover Financial Services has a consensus rating of “Hold” and a consensus target price of $138.81.

Discover Financial Services Trading Down 1.4 %

NYSE DFS opened at $179.96 on Tuesday. Discover Financial Services has a twelve month low of $93.83 and a twelve month high of $188.26. The business’s fifty day moving average is $156.66 and its 200 day moving average is $139.87. The company has a quick ratio of 1.04, a current ratio of 1.08 and a debt-to-equity ratio of 1.28. The company has a market cap of $45.18 billion, a price-to-earnings ratio of 14.52, a price-to-earnings-growth ratio of 1.16 and a beta of 1.41.

Discover Financial Services (NYSE:DFS) last released its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share for the quarter, topping the consensus estimate of $3.28 by $0.41. The company had revenue of $5.91 billion for 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 period in the previous year, the business posted $2.59 earnings per share. As a group, sell-side analysts expect that Discover Financial Services will post 13.34 EPS for the current fiscal year.

Discover Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.56%. Discover Financial Services’s dividend payout ratio (DPR) is presently 22.60%.

Discover Financial Services 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.