Y.D. More Investments Ltd Purchases 175 Shares of Discover Financial Services (NYSE:DFS)

Y.D. More Investments Ltd boosted its position in shares of Discover Financial Services (NYSE:DFS) by 76.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 405 shares of the financial services provider’s stock after buying an additional 175 shares during the quarter. Y.D. More Investments Ltd’s holdings in Discover Financial Services were worth $70,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Czech National Bank lifted its holdings in Discover Financial Services by 7.1% in the third quarter. Czech National Bank now owns 51,146 shares of the financial services provider’s stock worth $7,175,000 after buying an additional 3,392 shares during the period. GAMMA Investing LLC raised its position in shares of Discover Financial Services by 6.7% in the 3rd quarter. GAMMA Investing LLC now owns 3,903 shares of the financial services provider’s stock worth $548,000 after acquiring an additional 244 shares in the last quarter. Miracle Mile Advisors LLC lifted its stake in shares of Discover Financial Services by 4.9% in the 3rd quarter. Miracle Mile Advisors LLC now owns 2,074 shares of the financial services provider’s stock valued at $291,000 after purchasing an additional 96 shares during the period. Fulton Bank N.A. boosted its position in shares of Discover Financial Services by 109.6% during the third quarter. Fulton Bank N.A. now owns 6,396 shares of the financial services provider’s stock valued at $897,000 after purchasing an additional 3,344 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC grew its stake in Discover Financial Services by 4.2% in the third quarter. Dynamic Advisor Solutions LLC now owns 2,159 shares of the financial services provider’s stock worth $303,000 after purchasing an additional 87 shares during the period. Hedge funds and other institutional investors own 86.94% of the company’s stock.

Discover Financial Services Price Performance

Shares of NYSE DFS opened at $201.79 on Thursday. 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 stock has a market capitalization of $50.71 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 0.64 and a beta of 1.46. The firm’s 50 day simple moving average is $182.09 and its 200-day simple moving average is $157.92. Discover Financial Services has a 12 month low of $104.08 and a 12 month high of $205.76.

Discover Financial Services (NYSE:DFS) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $5.11 EPS for the quarter, beating analysts’ consensus estimates of $3.13 by $1.98. Discover Financial Services had a return on equity of 26.18% and a net margin of 17.29%. Analysts expect that Discover Financial Services will post 13.39 EPS for the current year.

Discover Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be issued a $0.70 dividend. The ex-dividend date is Friday, May 23rd. This represents a $2.80 annualized dividend and a dividend yield of 1.39%. Discover Financial Services’s dividend payout ratio is presently 17.54%.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Evercore ISI boosted 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. Wells Fargo & Company upped 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 research note on Friday, January 24th. Barclays lifted their target price on shares of Discover Financial Services from $186.00 to $209.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. StockNews.com cut shares of Discover Financial Services from a “buy” rating to a “hold” rating in a report on Friday, January 24th. Finally, UBS Group upgraded shares of Discover Financial Services from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $150.00 to $239.00 in a report on Monday, January 13th. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $182.64.

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.