Elo Mutual Pension Insurance Co Has $3.02 Million Stock Holdings in Discover Financial Services (NYSE:DFS)

Elo Mutual Pension Insurance Co trimmed its position in Discover Financial Services (NYSE:DFS) by 21.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,457 shares of the financial services provider’s stock after selling 4,664 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Discover Financial Services were worth $3,024,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Discover Financial Services by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 31,045,208 shares of the financial services provider’s stock worth $5,377,961,000 after acquiring an additional 290,937 shares during the last quarter. State Street Corp boosted its position in Discover Financial Services by 0.8% during the third quarter. State Street Corp now owns 10,498,044 shares of the financial services provider’s stock worth $1,472,771,000 after purchasing an additional 80,601 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Discover Financial Services in the fourth quarter valued at $351,766,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Discover Financial Services by 0.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,834,705 shares of the financial services provider’s stock valued at $257,391,000 after purchasing an additional 12,255 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Discover Financial Services by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,738,804 shares of the financial services provider’s stock worth $301,213,000 after buying an additional 10,528 shares during the last quarter. Institutional investors and hedge funds own 86.94% of the company’s stock.

Analysts Set New Price Targets

DFS has been the topic of several research analyst reports. Wells Fargo & Company increased their price target on shares of Discover Financial Services from $185.00 to $214.00 and gave the company an “equal weight” rating in a report on Friday, January 24th. Barclays lifted their price target on Discover Financial Services from $186.00 to $209.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Truist Financial lowered their price objective on Discover Financial Services from $262.00 to $219.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. UBS Group raised shares of Discover Financial Services from a “neutral” rating to a “buy” rating and boosted their target price for the company from $150.00 to $239.00 in a research report on Monday, January 13th. Finally, StockNews.com lowered shares of Discover Financial Services from a “buy” rating to a “hold” rating in a research report on Friday, January 24th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $192.40.

Discover Financial Services Trading Down 2.6 %

NYSE DFS opened at $158.23 on Friday. Discover Financial Services has a one year low of $119.31 and a one year high of $205.76. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.03. The business has a 50 day simple moving average of $184.39 and a 200 day simple moving average of $169.76. The stock has a market capitalization of $39.81 billion, a P/E ratio of 9.91, a P/E/G ratio of 1.51 and a beta of 1.45.

Discover Financial Services (NYSE:DFS) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share 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%. Research analysts expect that Discover Financial Services will post 13.88 earnings per share for the current year.

Discover Financial Services Announces Dividend

The firm also recently declared 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. This represents a $2.80 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend is Friday, May 23rd. Discover Financial Services’s payout ratio 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.