TCV Trust & Wealth Management Inc. Has $271,000 Stake in Discover Financial Services (NYSE:DFS)

TCV Trust & Wealth Management Inc. lessened its stake in shares of Discover Financial Services (NYSE:DFS) by 7.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,567 shares of the financial services provider’s stock after selling 131 shares during the period. TCV Trust & Wealth Management Inc.’s holdings in Discover Financial Services were worth $271,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. DiNuzzo Private Wealth Inc. increased its stake in Discover Financial Services by 506.5% in the third 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Discover Financial Services in the 3rd quarter valued at about $30,000. Grove Bank & Trust raised its stake in Discover Financial Services by 78.1% during the 4th quarter. Grove Bank & Trust now owns 203 shares of the financial services provider’s stock worth $35,000 after buying an additional 89 shares during the period. Hantz Financial Services Inc. acquired a new position in Discover Financial Services during the 4th quarter worth approximately $37,000. Finally, Venturi Wealth Management LLC boosted its holdings in Discover Financial Services by 27.4% in the third quarter. Venturi Wealth Management LLC now owns 316 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 68 shares in the last quarter. 86.94% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on DFS. Barclays boosted their price objective on Discover Financial Services from $186.00 to $209.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Wells Fargo & Company boosted 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 note on Friday, January 24th. Royal Bank of Canada raised their price objective on shares of Discover Financial Services from $193.00 to $210.00 and gave the company a “sector perform” rating in a research note on Friday, January 24th. Truist Financial boosted their target price on shares of Discover Financial Services from $233.00 to $262.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, StockNews.com cut shares of Discover Financial Services from a “buy” rating to a “hold” rating in a research report on Friday, January 24th. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Discover Financial Services currently has a consensus rating of “Hold” and an average price target of $186.46.

Discover Financial Services Stock Performance

Shares of DFS opened at $194.95 on Wednesday. The stock has a 50 day moving average of $183.54 and a 200 day moving average of $159.60. The company has a market capitalization of $48.99 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 0.63 and a beta of 1.46. Discover Financial Services has a 12 month low of $107.10 and a 12 month high of $205.76. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09.

Discover Financial Services (NYSE:DFS) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts forecast that Discover Financial Services will post 13.57 earnings per share for the current year.

Discover Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Friday, May 23rd. Discover Financial Services’s dividend payout ratio 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.