Signet Financial Management LLC Has $3.29 Million Holdings in Discover Financial Services (NYSE:DFS)

Signet Financial Management LLC increased its position in Discover Financial Services (NYSE:DFS) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,267 shares of the financial services provider’s stock after acquiring an additional 636 shares during the quarter. Signet Financial Management LLC’s holdings in Discover Financial Services were worth $3,290,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Bruce G. Allen Investments LLC bought a new position in shares of Discover Financial Services during the 4th quarter worth about $28,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Discover Financial Services during the 4th quarter valued at about $35,000. Resurgent Financial Advisors LLC acquired a new position in Discover Financial Services in the fourth quarter valued at about $31,000. Compass Wealth Management LLC acquired a new position in Discover Financial Services in the fourth quarter valued at about $34,000. Finally, Aspire Private Capital LLC boosted its position in Discover Financial Services by 180.0% in the fourth quarter. Aspire Private Capital LLC now owns 350 shares of the financial services provider’s stock valued at $34,240,500,000 after buying an additional 225 shares in the last quarter. Institutional investors own 86.94% of the company’s stock.

Insider Buying and Selling at Discover Financial Services

In other Discover Financial Services news, CFO John Greene sold 35,191 shares of the business’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $106.51, for a total transaction of $3,748,193.41. Following the completion of the sale, the chief financial officer now owns 18,592 shares in the company, valued at approximately $1,980,233.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.50% of the stock is currently owned by company insiders.

Discover Financial Services Trading Down 1.5 %

Shares of NYSE DFS traded down $1.88 during midday trading on Tuesday, reaching $119.43. The stock had a trading volume of 572,369 shares, compared to its average volume of 2,259,474. The firm has a market cap of $29.93 billion, a price-to-earnings ratio of 10.78, a price-to-earnings-growth ratio of 0.86 and a beta of 1.45. Discover Financial Services has a twelve month low of $79.04 and a twelve month high of $131.65. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.13 and a current ratio of 1.13. The company’s 50 day moving average price is $120.83 and its 200 day moving average price is $105.19.

Discover Financial Services (NYSE:DFS) last issued its quarterly earnings results on Thursday, January 18th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.96). The firm had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.10 billion. Discover Financial Services had a return on equity of 22.24% and a net margin of 14.30%. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter last year, the firm posted $3.77 EPS. As a group, sell-side analysts expect that Discover Financial Services will post 11.2 EPS for the current year.

Discover Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Thursday, February 22nd were paid a $0.70 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $2.80 annualized dividend and a dividend yield of 2.34%. Discover Financial Services’s dividend payout ratio is currently 24.89%.

Analyst Upgrades and Downgrades

DFS has been the subject of a number of recent research reports. Wolfe Research reissued a “peer perform” rating on shares of Discover Financial Services in a research note on Wednesday, February 21st. Evercore ISI boosted their price target on shares of Discover Financial Services from $117.00 to $140.00 and gave the stock an “in-line” rating in a research note on Thursday, February 22nd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $140.00 target price (up previously from $117.00) on shares of Discover Financial Services in a research note on Wednesday, February 21st. Barclays increased their price objective on shares of Discover Financial Services from $112.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Finally, Piper Sandler increased their price objective on shares of Discover Financial Services from $127.00 to $145.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Twelve analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Discover Financial Services has a consensus rating of “Hold” and an average target price of $125.22.

About Discover Financial Services

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.