Wilmington Savings Fund Society FSB Has $1.23 Million Stock Position in Discover Financial Services (NYSE:DFS)

Wilmington Savings Fund Society FSB trimmed its stake in shares of Discover Financial Services (NYSE:DFS) by 10.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,077 shares of the financial services provider’s stock after selling 792 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Discover Financial Services were worth $1,226,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Kingsview Wealth Management LLC grew its holdings in shares of Discover Financial Services by 18.3% during the fourth quarter. Kingsview Wealth Management LLC now owns 1,969 shares of the financial services provider’s stock worth $341,000 after buying an additional 305 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Discover Financial Services by 0.3% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 35,467 shares of the financial services provider’s stock worth $6,144,000 after acquiring an additional 106 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Discover Financial Services by 0.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 561,822 shares of the financial services provider’s stock worth $97,324,000 after acquiring an additional 3,134 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of Discover Financial Services in the fourth quarter valued at approximately $39,067,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Discover Financial Services by 31.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,466 shares of the financial services provider’s stock worth $4,781,000 after purchasing an additional 6,599 shares in the last quarter. 86.94% of the stock is owned by institutional investors.

Discover Financial Services Price Performance

Shares of Discover Financial Services stock opened at $199.73 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $50.19 billion, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 0.63 and a beta of 1.46. Discover Financial Services has a twelve month low of $106.65 and a twelve month high of $205.76. The company has a 50-day simple moving average of $183.23 and a two-hundred day simple moving average of $159.09.

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 for the quarter, beating 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%. Analysts forecast that Discover Financial Services will post 13.57 EPS for the current year.

Discover Financial Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Friday, May 23rd. Discover Financial Services’s payout ratio is presently 17.54%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Royal Bank of Canada lifted 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 note on Friday, January 24th. JPMorgan Chase & Co. lifted their target price 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. 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 research report on Monday, January 27th. Wells Fargo & Company boosted their price target on Discover Financial Services from $185.00 to $214.00 and gave the stock an “equal weight” rating in a research report on Friday, January 24th. Finally, StockNews.com downgraded Discover Financial Services from a “buy” rating to a “hold” rating in a report on Friday, January 24th. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $186.46.

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.