Larson Financial Group LLC Buys 73 Shares of Discover Financial Services (NYSE:DFS)

Larson Financial Group LLC increased its stake in Discover Financial Services (NYSE:DFS) by 18.9% in the fourth quarter, HoldingsChannel reports. The fund owned 459 shares of the financial services provider’s stock after purchasing an additional 73 shares during the period. Larson Financial Group LLC’s holdings in Discover Financial Services were worth $80,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of Discover Financial Services in the 4th quarter valued at about $33,000. Bfsg LLC bought a new stake in shares of Discover Financial Services in the 4th quarter valued at about $35,000. Grove Bank & Trust lifted its stake 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 valued at $35,000 after acquiring an additional 89 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Discover Financial Services in the 3rd quarter valued at about $30,000. Finally, Hantz Financial Services Inc. bought a new stake in shares of Discover Financial Services in the 4th quarter valued at about $37,000. Institutional investors own 86.94% of the company’s stock.

Discover Financial Services Stock Up 3.8 %

DFS stock opened at $163.71 on Thursday. Discover Financial Services has a fifty-two week low of $119.31 and a fifty-two week high of $205.76. The business’s 50 day moving average price is $188.22 and its two-hundred day moving average price is $167.66. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.09. The company has a market capitalization of $41.19 billion, a price-to-earnings ratio of 10.26, a price-to-earnings-growth ratio of 1.51 and a beta of 1.45.

Discover Financial Services (NYSE:DFS) last posted its 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 return on equity of 26.18% and a net margin of 17.29%. As a group, analysts forecast that Discover Financial Services will post 13.88 earnings per share 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. Investors 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 annualized dividend and a dividend yield of 1.71%. Discover Financial Services’s payout ratio is currently 17.54%.

Wall Street Analyst Weigh In

DFS has been the subject of a number of recent research reports. Keefe, Bruyette & Woods boosted their target price on Discover Financial Services from $170.00 to $232.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. boosted their price target on Discover Financial Services from $146.00 to $169.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Royal Bank of Canada boosted their price target on Discover Financial Services from $193.00 to $210.00 and gave the company a “sector perform” rating in a report on Friday, January 24th. Truist Financial boosted 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, UBS Group upgraded Discover Financial Services from a “neutral” rating to a “buy” rating and boosted their price target for the company from $150.00 to $239.00 in a report on Monday, January 13th. 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.com, the stock 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.