OLD Second National Bank of Aurora Has $2.84 Million Stake in Discover Financial Services (NYSE:DFS)

OLD Second National Bank of Aurora decreased its holdings in Discover Financial Services (NYSE:DFS) by 3.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,624 shares of the financial services provider’s stock after selling 848 shares during the period. OLD Second National Bank of Aurora’s holdings in Discover Financial Services were worth $2,835,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Partnership Wealth Management LLC acquired a new position in shares of Discover Financial Services in the 4th quarter valued at about $25,000. Bruce G. Allen Investments LLC acquired a new position in shares of Discover Financial Services in the 4th quarter valued at about $28,000. Riverview Trust Co acquired a new position in shares of Discover Financial Services in the 1st quarter valued at about $34,000. MeadowBrook Investment Advisors LLC bought a new stake in shares of Discover Financial Services in the 4th quarter valued at approximately $31,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in shares of Discover Financial Services in the 4th quarter valued at approximately $35,000. Institutional investors and hedge funds own 86.94% of the company’s stock.

Discover Financial Services Price Performance

Discover Financial Services stock traded up $0.02 during mid-day trading on Friday, hitting $131.50. 291,635 shares of the company were exchanged, compared to its average volume of 1,829,928. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.50. The business has a fifty day moving average of $125.57 and a 200 day moving average of $120.13. Discover Financial Services has a 1-year low of $79.04 and a 1-year high of $133.78. The company has a market capitalization of $32.98 billion, a PE ratio of 14.98, a price-to-earnings-growth ratio of 0.78 and a beta of 1.44.

Discover Financial Services (NYSE:DFS) last released its quarterly earnings data on Thursday, April 18th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.98 by ($1.88). Discover Financial Services had a return on equity of 17.07% and a net margin of 10.56%. The company had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.07 billion. During the same quarter in the prior year, the company earned $3.58 earnings per share. As a group, sell-side analysts expect that Discover Financial Services will post 11.58 earnings per share for the current year.

Discover Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Thursday, May 23rd were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.13%. The ex-dividend date was Wednesday, May 22nd. Discover Financial Services’s payout ratio is presently 31.93%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on DFS shares. Wells Fargo & Company boosted their price target on Discover Financial Services from $105.00 to $135.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 10th. BTIG Research started coverage on Discover Financial Services in a research note on Friday, June 7th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. boosted their price target on Discover Financial Services from $120.00 to $132.00 and gave the company a “neutral” rating in a research note on Monday. HSBC upped their target price on Discover Financial Services from $107.00 to $144.00 and gave the stock a “hold” rating in a research report on Thursday, March 21st. Finally, Jefferies Financial Group upped their target price on Discover Financial Services from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday. Thirteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Discover Financial Services currently has an average rating of “Hold” and a consensus target price of $129.78.

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; private student loans, 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.