Discover Financial Services (NYSE:DFS) Shares Purchased by Tompkins Financial Corp

Tompkins Financial Corp raised its position in Discover Financial Services (NYSE:DFS) by 50.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,500 shares of the financial services provider’s stock after buying an additional 500 shares during the period. Tompkins Financial Corp’s holdings in Discover Financial Services were worth $142,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DFS. Orion Portfolio Solutions LLC boosted its holdings in shares of Discover Financial Services by 8.7% during the 2nd quarter. Orion Portfolio Solutions LLC now owns 4,056 shares of the financial services provider’s stock worth $384,000 after purchasing an additional 323 shares during the last quarter. BerganKDV Wealth Management LLC raised its position in Discover Financial Services by 0.6% in the second quarter. BerganKDV Wealth Management LLC now owns 36,143 shares of the financial services provider’s stock valued at $3,418,000 after purchasing an additional 200 shares during the period. Unison Advisors LLC raised its position in Discover Financial Services by 0.5% in the second quarter. Unison Advisors LLC now owns 42,642 shares of the financial services provider’s stock valued at $4,033,000 after purchasing an additional 192 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of Discover Financial Services by 24.2% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 42,918 shares of the financial services provider’s stock worth $4,059,000 after acquiring an additional 8,358 shares during the period. Finally, Transcend Capital Advisors LLC increased its position in shares of Discover Financial Services by 70.3% during the second quarter. Transcend Capital Advisors LLC now owns 3,406 shares of the financial services provider’s stock worth $322,000 after acquiring an additional 1,406 shares during the period. 83.92% of the stock is currently owned by institutional investors and hedge funds.

Discover Financial Services Stock Performance

Shares of Discover Financial Services stock opened at $94.97 on Friday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.26 and a current ratio of 1.26. Discover Financial Services has a 1 year low of $88.02 and a 1 year high of $133.40. The firm’s 50-day simple moving average is $102.66 and its 200-day simple moving average is $105.45. The firm has a market cap of $25.94 billion, a PE ratio of 6.18, a price-to-earnings-growth ratio of 0.22 and a beta of 1.43.

Discover Financial Services (NYSE:DFSGet Rating) last announced its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $3.96 earnings per share for the quarter, beating analysts’ consensus estimates of $3.75 by $0.21. Discover Financial Services had a net margin of 34.89% and a return on equity of 36.35%. The business had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter in the prior year, the firm earned $5.55 EPS. The company’s revenue for the quarter was down 9.9% compared to the same quarter last year. Equities analysts forecast that Discover Financial Services will post 15.37 earnings per share for the current fiscal year.

Discover Financial Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 8th. Shareholders of record on Thursday, August 25th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend was Wednesday, August 24th. Discover Financial Services’s dividend payout ratio (DPR) is 15.63%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Keefe, Bruyette & Woods lowered their target price on shares of Discover Financial Services from $150.00 to $135.00 in a research note on Monday, July 11th. Stephens upped their price objective on shares of Discover Financial Services to $107.00 in a research note on Tuesday. Citigroup cut shares of Discover Financial Services from a “buy” rating to a “neutral” rating and reduced their target price for the company from $140.00 to $115.00 in a report on Friday, July 22nd. Piper Sandler upped their target price on shares of Discover Financial Services to $132.00 in a report on Friday, July 22nd. Finally, Barclays reduced their target price on shares of Discover Financial Services from $140.00 to $133.00 and set an “overweight” rating for the company in a report on Friday, July 22nd. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Discover Financial Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.88.

Discover Financial Services Company Profile

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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.

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Institutional Ownership by Quarter for Discover Financial Services (NYSE:DFS)

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