Ieq Capital LLC Has $1.61 Million Stock Holdings in Discover Financial Services (NYSE:DFS)

Ieq Capital LLC trimmed its holdings in shares of Discover Financial Services (NYSE:DFS) by 18.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 9,308 shares of the financial services provider’s stock after selling 2,105 shares during the period. Ieq Capital LLC’s holdings in Discover Financial Services were worth $1,612,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Bfsg LLC bought a new position in Discover Financial Services during the fourth quarter worth about $35,000. Grove Bank & Trust raised its holdings in shares of 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 buying an additional 89 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Discover Financial Services during the 3rd quarter worth approximately $30,000. Hantz Financial Services Inc. acquired a new stake in Discover Financial Services in the 4th quarter valued at $37,000. Finally, Decker Retirement Planning Inc. bought a new stake in Discover Financial Services in the fourth quarter valued at $47,000. 86.94% of the stock is currently owned by institutional investors and hedge funds.

Discover Financial Services Stock Performance

Shares of NYSE:DFS opened at $193.54 on Tuesday. 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 has a market capitalization of $48.64 billion, a P/E ratio of 12.13, a P/E/G ratio of 1.51 and a beta of 1.46. The business has a 50-day moving average price of $187.21 and a two-hundred day moving average price of $163.95.

Discover Financial Services (NYSE:DFS) last posted its quarterly 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%. Equities analysts predict that Discover Financial Services will post 13.88 earnings per share for the current year.

Discover Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be given a $0.70 dividend. The ex-dividend date is Friday, May 23rd. This represents a $2.80 annualized dividend and a dividend yield of 1.45%. Discover Financial Services’s dividend payout ratio is currently 17.54%.

Analysts Set New Price Targets

Several brokerages have recently commented on DFS. JPMorgan Chase & Co. boosted their target price on shares of Discover Financial Services from $146.00 to $169.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Barclays raised their price objective on shares of Discover Financial Services from $186.00 to $209.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Evercore ISI boosted their target price on Discover Financial Services from $156.00 to $163.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Truist Financial raised 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. Finally, StockNews.com lowered Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Friday, January 24th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $191.91.

About Discover Financial Services

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.