Discover Financial Services (NYSE:DFS) Shares Sold by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC trimmed its position in shares of Discover Financial Services (NYSE:DFS) by 5.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,943 shares of the financial services provider’s stock after selling 103 shares during the period. Foundations Investment Advisors LLC’s holdings in Discover Financial Services were worth $337,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. DiNuzzo Private Wealth Inc. increased its holdings in shares of Discover Financial Services by 506.5% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 157 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Discover Financial Services in the third quarter valued at $30,000. Grove Bank & Trust lifted its stake in Discover Financial Services by 78.1% in the fourth quarter. Grove Bank & Trust now owns 203 shares of the financial services provider’s stock valued at $35,000 after buying an additional 89 shares during the last quarter. Pinnacle Bancorp Inc. boosted its holdings in shares of Discover Financial Services by 37.1% during the third quarter. Pinnacle Bancorp Inc. now owns 292 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 79 shares during the period. Finally, Venturi Wealth Management LLC grew its position in shares of 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 during the last quarter. 86.94% of the stock is currently owned by institutional investors and hedge funds.

Discover Financial Services Stock Down 0.7 %

Shares of NYSE:DFS opened at $201.09 on Friday. Discover Financial Services has a 52 week low of $104.08 and a 52 week high of $205.76. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.09. The company has a market cap of $50.54 billion, a PE ratio of 12.60, a price-to-earnings-growth ratio of 0.64 and a beta of 1.46. The firm has a 50 day simple moving average of $181.02 and a 200 day simple moving average of $156.47.

Discover Financial Services (NYSE:DFS) last issued its earnings results 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 return on equity of 26.18% and a net margin of 17.29%. As a group, research analysts expect that Discover Financial Services will post 13.39 earnings per share for the current year.

Discover Financial Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.80 annualized dividend and a yield of 1.39%. Discover Financial Services’s dividend payout ratio (DPR) is presently 17.54%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Royal Bank of Canada upped their target price on shares of Discover Financial Services from $193.00 to $210.00 and gave the stock a “sector perform” rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods lifted their target price on Discover Financial Services from $170.00 to $232.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. StockNews.com lowered Discover Financial Services from a “buy” rating to a “hold” rating in a research report on Friday, January 24th. Barclays increased their price objective on shares of Discover Financial Services from $186.00 to $209.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Finally, Evercore ISI lifted their price target on Discover Financial Services from $156.00 to $163.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Ten investment 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, the stock presently has an average rating of “Hold” and an average 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.