Kingsview Wealth Management LLC Has $341,000 Stock Holdings in Discover Financial Services (NYSE:DFS)

Kingsview Wealth Management LLC increased its position in shares of Discover Financial Services (NYSE:DFS) by 18.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,969 shares of the financial services provider’s stock after acquiring an additional 305 shares during the period. Kingsview Wealth Management LLC’s holdings in Discover Financial Services were worth $341,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. FMR LLC boosted its position in Discover Financial Services by 8.0% in the third quarter. FMR LLC now owns 7,493,862 shares of the financial services provider’s stock valued at $1,051,314,000 after buying an additional 558,227 shares in the last quarter. Mizuho Securities USA LLC boosted its position in Discover Financial Services by 1,272.0% in the third quarter. Mizuho Securities USA LLC now owns 265,155 shares of the financial services provider’s stock valued at $37,199,000 after buying an additional 245,829 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in Discover Financial Services in the fourth quarter valued at approximately $39,067,000. International Assets Investment Management LLC acquired a new stake in Discover Financial Services in the third quarter valued at approximately $21,169,000. Finally, KBC Group NV boosted its position in Discover Financial Services by 19.0% in the fourth quarter. KBC Group NV now owns 924,033 shares of the financial services provider’s stock valued at $160,070,000 after buying an additional 147,558 shares in the last quarter. Institutional investors and hedge funds own 86.94% of the company’s stock.

Discover Financial Services Price Performance

Shares of NYSE DFS opened at $190.28 on Friday. Discover Financial Services has a twelve month low of $108.24 and a twelve month high of $205.76. The firm has a fifty day simple moving average of $184.11 and a 200 day simple moving average of $160.17. The company has a market capitalization of $47.82 billion, a PE ratio of 11.92, a P/E/G 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.

Discover Financial Services (NYSE:DFS) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share for the quarter, beating 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%. On average, sell-side analysts forecast that Discover Financial Services will post 13.57 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. Shareholders of record on Friday, May 23rd will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.47%. The ex-dividend date is Friday, May 23rd. Discover Financial Services’s dividend payout ratio (DPR) is currently 17.54%.

Analyst Ratings Changes

A number of brokerages have weighed in on DFS. Truist Financial raised their target price 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. StockNews.com lowered shares of Discover Financial Services from a “buy” rating to a “hold” rating in a research report on Friday, January 24th. Royal Bank of Canada raised their price target 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. 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 note on Friday, January 24th. Finally, Evercore ISI raised their price target 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. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $186.46.

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.