FourThought Financial Partners LLC Buys Shares of 3,418 Discover Financial Services (NYSE:DFS)

FourThought Financial Partners LLC acquired a new stake in Discover Financial Services (NYSE:DFS) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,418 shares of the financial services provider’s stock, valued at approximately $592,000.

Other hedge funds also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Discover Financial Services during the 3rd quarter valued at about $30,000. Grove Bank & Trust boosted its stake in shares of Discover Financial Services by 78.1% in the 4th quarter. Grove Bank & Trust now owns 203 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 89 shares in the last quarter. Bfsg LLC bought a new position in shares of Discover Financial Services during the 4th quarter valued at $35,000. Hantz Financial Services Inc. purchased a new position in Discover Financial Services in the 4th quarter worth $37,000. Finally, Venturi Wealth Management LLC lifted its stake in Discover Financial Services by 27.4% in the third quarter. Venturi Wealth Management LLC now owns 316 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 86.94% of the company’s stock.

Discover Financial Services Stock Down 2.9 %

Shares of NYSE DFS opened at $187.66 on Wednesday. The firm has a fifty day simple moving average of $187.49 and a two-hundred day simple moving average of $164.38. Discover Financial Services has a 12 month low of $118.74 and a 12 month high of $205.76. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $47.16 billion, a PE ratio of 11.76, a price-to-earnings-growth ratio of 1.51 and a beta of 1.46.

Discover Financial Services (NYSE:DFS) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share (EPS) for the quarter, topping 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%. Equities analysts expect that Discover Financial Services will post 13.88 earnings per share for the current year.

Discover Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.80 annualized dividend and a yield of 1.49%. Discover Financial Services’s payout ratio is 17.54%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DFS. Keefe, Bruyette & Woods raised their price objective on Discover Financial Services from $170.00 to $232.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. lifted their price target on Discover Financial Services from $146.00 to $169.00 and gave the stock a “neutral” rating in a research note 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 research report on Friday, January 24th. Barclays raised their target price on shares of Discover Financial Services from $186.00 to $209.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Finally, Truist Financial upped their price target on shares of Discover Financial Services from $233.00 to $262.00 and gave the company a “buy” rating in a report on Monday, January 27th. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Discover Financial Services has an average rating of “Hold” and an average price target of $191.91.

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; 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.