Discover Financial Services (NYSE:DFS) Holdings Trimmed by Leeward Investments LLC MA

Leeward Investments LLC MA trimmed its position in shares of Discover Financial Services (NYSE:DFS) by 25.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 57,673 shares of the financial services provider’s stock after selling 19,512 shares during the period. Leeward Investments LLC MA’s holdings in Discover Financial Services were worth $9,991,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hemington Wealth Management grew its position in Discover Financial Services by 11.0% during the 4th quarter. Hemington Wealth Management now owns 503 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 50 shares in the last quarter. UMB Bank n.a. grew its position in Discover Financial Services by 0.6% during the 4th quarter. UMB Bank n.a. now owns 9,248 shares of the financial services provider’s stock worth $1,602,000 after purchasing an additional 56 shares in the last quarter. Stratos Wealth Partners LTD. grew its position in Discover Financial Services by 0.9% during the 4th quarter. Stratos Wealth Partners LTD. now owns 6,158 shares of the financial services provider’s stock worth $1,067,000 after purchasing an additional 57 shares in the last quarter. Invst LLC grew its position in Discover Financial Services by 0.9% during the 3rd quarter. Invst LLC now owns 7,253 shares of the financial services provider’s stock worth $1,018,000 after purchasing an additional 62 shares in the last quarter. Finally, CTC Alternative Strategies Ltd. grew its position in Discover Financial Services by 3.2% during the 3rd quarter. CTC Alternative Strategies Ltd. now owns 2,047 shares of the financial services provider’s stock worth $287,000 after purchasing an additional 63 shares in the last quarter. 86.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on DFS shares. Wells Fargo & Company boosted their price target on shares of Discover Financial Services from $185.00 to $214.00 and gave the company an “equal weight” rating in a report on Friday, January 24th. JPMorgan Chase & Co. boosted their price target on shares of Discover Financial Services from $146.00 to $169.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Keefe, Bruyette & Woods boosted their price target on shares of Discover Financial Services from $170.00 to $232.00 and gave the company an “outperform” rating in a report on Monday, December 9th. StockNews.com cut shares of Discover Financial Services from a “buy” rating to a “hold” rating in a report on Friday, January 24th. Finally, Barclays boosted their price target on shares of Discover Financial Services from $186.00 to $209.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $186.46.

Discover Financial Services Stock Down 2.8 %

Discover Financial Services stock opened at $194.21 on Friday. The firm has a market cap of $48.81 billion, a price-to-earnings ratio of 12.17, a P/E/G ratio of 1.51 and a beta of 1.46. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.03. Discover Financial Services has a fifty-two week low of $118.74 and a fifty-two week high of $205.76. The firm has a fifty day moving average price of $186.87 and a two-hundred day moving average price of $163.19.

Discover Financial Services (NYSE:DFS) last released its earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share 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%. As a group, analysts forecast that Discover Financial Services will post 13.88 earnings per share for the current year.

Discover Financial Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Friday, May 23rd. Discover Financial Services’s dividend payout ratio is 17.54%.

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; 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.