Discover Financial Services (NYSE:DFS) Shares Acquired by Greenleaf Trust

Greenleaf Trust lifted its stake in Discover Financial Services (NYSE:DFS) by 6.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,848 shares of the financial services provider’s stock after acquiring an additional 339 shares during the quarter. Greenleaf Trust’s holdings in Discover Financial Services were worth $1,013,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Spire Wealth Management lifted its stake in Discover Financial Services by 2.9% during the fourth quarter. Spire Wealth Management now owns 2,789 shares of the financial services provider’s stock worth $483,000 after purchasing an additional 79 shares in the last quarter. Journey Strategic Wealth LLC purchased a new stake in shares of Discover Financial Services in the 4th quarter valued at $238,000. DAVENPORT & Co LLC lifted its stake in Discover Financial Services by 4.9% during the 4th quarter. DAVENPORT & Co LLC now owns 4,178 shares of the financial services provider’s stock worth $724,000 after acquiring an additional 194 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. boosted its holdings in Discover Financial Services by 0.4% during the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 244,897 shares of the financial services provider’s stock valued at $42,423,000 after acquiring an additional 874 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. grew its position in Discover Financial Services by 9.8% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,394 shares of the financial services provider’s stock valued at $1,454,000 after acquiring an additional 747 shares in the last quarter. Hedge funds and other institutional investors own 86.94% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Evercore ISI raised their price objective on shares of Discover Financial Services from $156.00 to $163.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Wells Fargo & Company raised their price target on shares of Discover Financial Services from $185.00 to $214.00 and gave the company an “equal weight” rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods upped their price objective on Discover Financial Services from $170.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. lifted their target price on Discover Financial Services from $146.00 to $169.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Finally, UBS Group upgraded Discover Financial Services from a “neutral” rating to a “buy” rating and upped their price target for the stock from $150.00 to $239.00 in a report on Monday, January 13th. Ten analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $182.64.

Discover Financial Services Trading Down 1.2 %

NYSE DFS opened at $198.60 on Tuesday. The firm’s fifty day moving average price is $181.46 and its 200 day moving average price is $157.13. Discover Financial Services has a 12 month low of $104.08 and a 12 month high of $205.76. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.03. The company has a market capitalization of $49.91 billion, a price-to-earnings ratio of 12.44, a price-to-earnings-growth ratio of 0.64 and a beta of 1.46.

Discover Financial Services (NYSE:DFS) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts expect that Discover Financial Services will post 13.39 earnings per share for the current fiscal year.

Discover Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Friday, May 23rd. 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.