Rhumbline Advisers Has $88.04 Million Holdings in Discover Financial Services (NYSE:DFS)

Rhumbline Advisers cut its stake in shares of Discover Financial Services (NYSE:DFS) by 0.8% during the 4th quarter, Holdings Channel reports. The fund owned 508,242 shares of the financial services provider’s stock after selling 4,051 shares during the period. Rhumbline Advisers’ holdings in Discover Financial Services were worth $88,043,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of DFS. Point72 Asia Singapore Pte. Ltd. bought a new position in Discover Financial Services during the third quarter worth $30,000. Grove Bank & Trust boosted its stake in Discover Financial Services by 78.1% during the fourth quarter. Grove Bank & Trust now owns 203 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 89 shares in the last quarter. Hantz Financial Services Inc. bought a new position in Discover Financial Services during the fourth quarter worth $37,000. Venturi Wealth Management LLC boosted its stake in Discover Financial Services by 27.4% during 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. Finally, Decker Retirement Planning Inc. bought a new position in Discover Financial Services during the fourth quarter worth $47,000. 86.94% of the stock is owned by institutional investors.

Discover Financial Services Stock Up 3.2 %

DFS opened at $196.14 on Friday. 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’s 50-day moving average is $184.70 and its 200 day moving average is $160.75. Discover Financial Services has a fifty-two week low of $109.50 and a fifty-two week high of $205.76. The firm has a market capitalization of $49.29 billion, a P/E ratio of 12.29, a PEG ratio of 0.63 and a beta of 1.46.

Discover Financial Services (NYSE:DFS) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 expect that Discover Financial Services will post 13.57 earnings per share for the current fiscal year.

Discover Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be issued a dividend of $0.70 per share. The ex-dividend date is Friday, May 23rd. This represents a $2.80 dividend on an annualized basis and a yield of 1.43%. Discover Financial Services’s dividend payout ratio (DPR) is presently 17.54%.

Wall Street Analysts Forecast Growth

DFS has been the topic of several research analyst reports. Barclays increased their target price on shares of Discover Financial Services from $186.00 to $209.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. 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. JPMorgan Chase & Co. raised their price objective on shares of Discover Financial Services from $146.00 to $169.00 and gave the company a “neutral” 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. Finally, StockNews.com lowered shares of Discover Financial Services from a “buy” rating to a “hold” rating in a research note 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 company. According to MarketBeat, Discover Financial Services currently has a consensus 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.