NORTHSTAR ASSET MANAGEMENT Co LLC Purchases Shares of 1,250 Discover Financial Services (NYSE:DFS)

NORTHSTAR ASSET MANAGEMENT Co LLC acquired a new stake in shares of Discover Financial Services (NYSE:DFS) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,250 shares of the financial services provider’s stock, valued at approximately $217,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. National Pension Service raised its position in shares of Discover Financial Services by 14.8% during 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. Nomura Asset Management Co. Ltd. grew its holdings in shares of Discover Financial Services by 10.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 115,487 shares of the financial services provider’s stock valued at $16,202,000 after buying an additional 10,946 shares during the last quarter. Brookstone Capital Management bought a new stake in shares of Discover Financial Services during the fourth quarter worth about $282,000. Meyer Handelman Co. acquired a new stake in shares of Discover Financial Services in the 4th quarter worth about $239,000. Finally, Janney Montgomery Scott LLC bought a new position in Discover Financial Services in the 3rd quarter valued at about $2,415,000. Institutional investors own 86.94% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. JPMorgan Chase & Co. boosted their price objective on Discover Financial Services from $146.00 to $169.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. StockNews.com downgraded shares of Discover Financial Services from a “buy” rating to a “hold” rating in a report on Friday, January 24th. Truist Financial raised their price target on shares of Discover Financial Services from $233.00 to $262.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Barclays upped their price objective on shares of Discover Financial Services from $186.00 to $209.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Finally, Keefe, Bruyette & Woods boosted their target price on Discover Financial Services from $170.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $186.46.

Discover Financial Services Price Performance

NYSE DFS opened at $199.73 on Monday. The company has a market cap of $50.19 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 0.63 and a beta of 1.46. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The firm’s 50-day simple moving average is $183.23 and its two-hundred day simple moving average is $159.09. Discover Financial Services has a 52 week low of $106.65 and a 52 week high of $205.76.

Discover Financial Services (NYSE:DFS) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $5.11 EPS for the quarter, topping the consensus estimate of $3.13 by $1.98. Discover Financial Services had a net margin of 17.29% and a return on equity of 26.18%. Research analysts predict that Discover Financial Services will post 13.57 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 Friday, June 6th. Stockholders of record on Friday, May 23rd will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Friday, May 23rd. Discover Financial Services’s dividend payout ratio (DPR) is presently 17.54%.

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.