Rowlandmiller & PARTNERS.ADV Sells 200 Shares of Discover Financial Services (NYSE:DFS)

Rowlandmiller & PARTNERS.ADV lowered its stake in Discover Financial Services (NYSE:DFS) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,626 shares of the financial services provider’s stock after selling 200 shares during the quarter. Rowlandmiller & PARTNERS.ADV’s holdings in Discover Financial Services were worth $1,668,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in Discover Financial Services in the 3rd quarter worth about $30,000. Grove Bank & Trust boosted its stake in Discover Financial Services by 78.1% in the 4th quarter. Grove Bank & Trust now owns 203 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 89 shares during the period. Bfsg LLC bought a new position in Discover Financial Services in the 4th quarter worth about $35,000. Hantz Financial Services Inc. bought a new position in Discover Financial Services in the 4th quarter worth about $37,000. Finally, Venturi Wealth Management LLC boosted its stake in Discover Financial Services by 27.4% in the 3rd 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 period. Institutional investors own 86.94% of the company’s stock.

Discover Financial Services Stock Performance

Shares of NYSE DFS opened at $194.21 on Monday. The stock 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 current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. Discover Financial Services has a 1-year low of $118.74 and a 1-year high of $205.76. The stock’s 50-day moving average is $186.87 and its 200 day moving average is $163.47.

Discover Financial Services (NYSE:DFS) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share for the quarter, beating analysts’ consensus estimates of $3.13 by $1.98. Discover Financial Services had a return on equity of 26.18% and a net margin of 17.29%. On average, sell-side analysts anticipate that Discover Financial Services will post 13.88 EPS for the current fiscal year.

Discover Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be paid a $0.70 dividend. The ex-dividend date is Friday, May 23rd. This represents a $2.80 dividend on an annualized basis and a yield of 1.44%. Discover Financial Services’s dividend payout ratio (DPR) is currently 17.54%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. UBS Group upgraded Discover Financial Services from a “neutral” rating to a “buy” rating and raised their target price for the stock from $150.00 to $239.00 in a research note on Monday, January 13th. Wells Fargo & Company lifted their price target 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. JPMorgan Chase & Co. lifted their price target on Discover Financial Services from $146.00 to $169.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. Evercore ISI lifted their price target on Discover Financial Services from $156.00 to $163.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Finally, Truist Financial lifted their price target on Discover Financial Services from $233.00 to $262.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Discover Financial Services currently has an average rating of “Hold” and an average target price 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.