NEOS Investment Management LLC Increases Stock Holdings in Discover Financial Services (NYSE:DFS)

NEOS Investment Management LLC boosted its position in shares of Discover Financial Services (NYSE:DFS) by 30.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,361 shares of the financial services provider’s stock after purchasing an additional 3,630 shares during the period. NEOS Investment Management LLC’s holdings in Discover Financial Services were worth $2,661,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Mint Tower Capital Management B.V. lifted its holdings in Discover Financial Services by 354.2% in the fourth quarter. Mint Tower Capital Management B.V. now owns 12,708 shares of the financial services provider’s stock valued at $2,201,000 after acquiring an additional 17,708 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Discover Financial Services by 8.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 395,378 shares of the financial services provider’s stock valued at $69,610,000 after purchasing an additional 30,624 shares during the period. Korea Investment CORP lifted its stake in shares of Discover Financial Services by 16.0% in the 4th quarter. Korea Investment CORP now owns 249,587 shares of the financial services provider’s stock valued at $43,236,000 after purchasing an additional 34,381 shares during the last quarter. Banco BTG Pactual S.A. acquired a new stake in shares of Discover Financial Services during the 4th quarter worth about $449,000. Finally, Financial Engines Advisors L.L.C. raised its holdings in Discover Financial Services by 63.0% in the 4th quarter. Financial Engines Advisors L.L.C. now owns 4,592 shares of the financial services provider’s stock valued at $795,000 after buying an additional 1,774 shares during the period. 86.94% of the stock is currently owned by institutional investors and hedge funds.

Discover Financial Services Stock Down 2.6 %

DFS stock opened at $158.23 on Friday. The company’s 50 day moving average price is $184.39 and its 200 day moving average price is $169.76. The firm has a market capitalization of $39.81 billion, a price-to-earnings ratio of 9.91, a PEG ratio of 1.51 and a beta of 1.45. Discover Financial Services has a fifty-two week low of $119.31 and a fifty-two 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.

Discover Financial Services (NYSE:DFS) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $5.11 EPS for the quarter, beating 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%. On average, equities research analysts anticipate that Discover Financial Services will post 13.88 EPS for the current fiscal year.

Discover Financial Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.70 per share. The ex-dividend date is Friday, May 23rd. This represents a $2.80 annualized dividend and a dividend yield of 1.77%. Discover Financial Services’s dividend payout ratio is currently 17.54%.

Wall Street Analyst Weigh In

DFS has been the subject of several research analyst reports. Keefe, Bruyette & Woods increased their target price on shares of Discover Financial Services from $170.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Royal Bank of Canada boosted their target price on Discover Financial Services from $193.00 to $210.00 and gave the company a “sector perform” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. raised their price target on Discover Financial Services from $146.00 to $169.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Wells Fargo & Company boosted their price objective on Discover Financial Services from $185.00 to $214.00 and gave the company an “equal weight” rating in a report on Friday, January 24th. Finally, StockNews.com cut Discover Financial Services from a “buy” rating to a “hold” rating in a report on Friday, January 24th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Discover Financial Services has an average rating of “Hold” and a consensus target price of $192.40.

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.