Lake Street Advisors Group LLC Sells 105 Shares of Discover Financial Services (NYSE:DFS)

Lake Street Advisors Group LLC decreased its holdings in Discover Financial Services (NYSE:DFS) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,932 shares of the financial services provider’s stock after selling 105 shares during the period. Lake Street Advisors Group LLC’s holdings in Discover Financial Services were worth $681,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Bfsg LLC bought a new stake in Discover Financial Services in the 4th quarter worth about $35,000. Grove Bank & Trust boosted its holdings in shares of Discover Financial Services by 78.1% during the 4th quarter. Grove Bank & Trust now owns 203 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 89 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Discover Financial Services during the 3rd quarter valued at about $30,000. Hantz Financial Services Inc. bought a new stake in shares of Discover Financial Services in the fourth quarter worth approximately $37,000. Finally, Decker Retirement Planning Inc. purchased a new position in shares of Discover Financial Services during the fourth quarter valued at approximately $47,000. Hedge funds and other institutional investors own 86.94% of the company’s stock.

Discover Financial Services Price Performance

NYSE DFS opened at $190.36 on Thursday. 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 12 month low of $118.74 and a 12 month high of $205.76. The stock has a market cap of $47.90 billion, a price-to-earnings ratio of 11.93, a PEG ratio of 1.51 and a beta of 1.46. The company’s 50 day moving average is $187.93 and its two-hundred day moving average is $164.56.

Discover Financial Services (NYSE:DFS) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $5.11 EPS for the quarter, beating the consensus estimate 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, research analysts anticipate that Discover Financial Services will post 13.88 earnings per share for the current year.

Discover Financial Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Friday, May 23rd. Discover Financial Services’s dividend payout ratio (DPR) is 17.54%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods raised their target price on shares of Discover Financial Services from $170.00 to $232.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. JPMorgan Chase & Co. raised 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. Evercore ISI upped their price objective 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. Barclays increased their target price on Discover Financial Services from $186.00 to $209.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Finally, Royal Bank of Canada upped their price target on shares of Discover Financial Services from $193.00 to $210.00 and gave the company a “sector perform” rating in a research report on Friday, January 24th. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company 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.