Discover Financial Services (NYSE:DFS) Shares Bought by Metis Global Partners LLC

Metis Global Partners LLC raised its holdings in Discover Financial Services (NYSE:DFS) by 8.1% in the fourth quarter, Holdings Channel reports. The fund owned 13,839 shares of the financial services provider’s stock after buying an additional 1,041 shares during the period. Metis Global Partners LLC’s holdings in Discover Financial Services were worth $1,556,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Boston Partners lifted its position in Discover Financial Services by 56.5% in the third quarter. Boston Partners now owns 8,597,250 shares of the financial services provider’s stock valued at $743,663,000 after buying an additional 3,102,119 shares during the last quarter. FMR LLC lifted its holdings in Discover Financial Services by 4.4% during the 3rd quarter. FMR LLC now owns 5,686,848 shares of the financial services provider’s stock worth $492,652,000 after buying an additional 238,498 shares in the last quarter. Northern Trust Corp grew its stake in shares of Discover Financial Services by 0.8% in the third quarter. Northern Trust Corp now owns 2,578,053 shares of the financial services provider’s stock worth $223,337,000 after acquiring an additional 20,333 shares in the last quarter. Invesco Ltd. grew its stake in shares of Discover Financial Services by 30.9% in the third quarter. Invesco Ltd. now owns 2,233,324 shares of the financial services provider’s stock worth $193,473,000 after acquiring an additional 526,951 shares in the last quarter. Finally, Truist Financial Corp boosted its holdings in Discover Financial Services by 239.6% in the fourth quarter. Truist Financial Corp now owns 2,027,686 shares of the financial services provider’s stock valued at $227,912,000 after purchasing an additional 1,430,637 shares during the period. Institutional investors and hedge funds own 86.94% of the company’s stock.

Wall Street Analyst Weigh In

DFS has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft decreased their price objective on Discover Financial Services from $140.00 to $111.00 and set a “hold” rating for the company in a research note on Friday, January 19th. Evercore ISI lifted their price target on Discover Financial Services from $117.00 to $140.00 and gave the stock an “in-line” rating in a report on Thursday, February 22nd. Wells Fargo & Company increased their price objective on Discover Financial Services from $105.00 to $135.00 and gave the company an “equal weight” rating in a report on Wednesday, April 10th. StockNews.com started coverage on Discover Financial Services in a research note on Saturday. They set a “hold” rating for the company. Finally, Piper Sandler increased their price target on shares of Discover Financial Services from $127.00 to $145.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Twelve investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $126.29.

Discover Financial Services Trading Down 1.4 %

NYSE:DFS opened at $123.61 on Wednesday. Discover Financial Services has a 12-month low of $79.04 and a 12-month high of $131.65. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.50. The stock’s 50 day simple moving average is $124.50 and its 200-day simple moving average is $109.29. The firm has a market cap of $30.98 billion, a P/E ratio of 14.09, a PEG ratio of 0.72 and a beta of 1.43.

Discover Financial Services (NYSE:DFS) last issued its earnings results on Thursday, April 18th. The financial services provider reported $1.10 earnings per share for the quarter, missing the consensus estimate of $2.98 by ($1.88). The firm had revenue of $4.21 billion during the quarter, compared to analysts’ expectations of $4.07 billion. Discover Financial Services had a net margin of 10.56% and a return on equity of 17.07%. During the same period in the previous year, the firm earned $3.58 EPS. Equities analysts anticipate that Discover Financial Services will post 11.86 EPS for the current year.

Discover Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 23rd will be issued a $0.70 dividend. The ex-dividend date is Wednesday, May 22nd. This represents a $2.80 annualized dividend and a dividend yield of 2.27%. Discover Financial Services’s dividend payout ratio is currently 31.93%.

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; 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.