Commerzbank Aktiengesellschaft FI Acquires 280 Shares of Discover Financial Services (NYSE:DFS)

Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Discover Financial Services (NYSE:DFS) by 16.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,966 shares of the financial services provider’s stock after acquiring an additional 280 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Discover Financial Services were worth $340,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DFS. Point72 Asia Singapore Pte. Ltd. bought a new position in Discover Financial Services during the third quarter valued at approximately $30,000. SBI Securities Co. Ltd. bought a new position in Discover Financial Services during the fourth quarter valued at approximately $33,000. Grove Bank & Trust raised its position in Discover Financial Services by 78.1% during the fourth 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 in the last quarter. Bfsg LLC bought a new position in Discover Financial Services during the fourth quarter valued at approximately $35,000. Finally, Hantz Financial Services Inc. acquired a new position in Discover Financial Services during the fourth quarter valued at approximately $37,000. Institutional investors own 86.94% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on DFS shares. Wells Fargo & Company increased their price target on Discover Financial Services from $185.00 to $214.00 and gave the company an “equal weight” rating in a report on Friday, January 24th. Truist Financial increased their price target on Discover Financial Services from $233.00 to $262.00 and gave the company a “buy” rating in a report on Monday, January 27th. Barclays increased their price target on Discover Financial Services from $186.00 to $209.00 and gave the company an “overweight” rating in a report on Friday, January 24th. StockNews.com downgraded Discover Financial Services from a “buy” rating to a “hold” rating in a report on Friday, January 24th. Finally, Keefe, Bruyette & Woods increased their price target on Discover Financial Services from $170.00 to $232.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $191.91.

Discover Financial Services Trading Up 1.4 %

Shares of Discover Financial Services stock opened at $181.28 on Thursday. The company’s fifty day simple moving average is $189.27 and its 200-day simple moving average is $166.62. The company has a market cap of $45.61 billion, a price-to-earnings ratio of 11.36, a PEG 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.

Discover Financial Services (NYSE:DFS) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 EPS for the quarter, topping the consensus estimate of $3.13 by $1.98. Discover Financial Services had a return on equity of 26.18% and a net margin of 17.29%. As a group, sell-side analysts expect that Discover Financial Services will post 13.88 EPS 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. Investors of record on Friday, May 23rd will be given 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 1.54%. Discover Financial Services’s dividend payout ratio (DPR) is currently 17.54%.

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.