3,166 Shares in Discover Financial Services (NYSE:DFS) Purchased by One Wealth Advisors LLC

One Wealth Advisors LLC purchased a new position in Discover Financial Services (NYSE:DFS) during the 3rd quarter, HoldingsChannel reports. The firm purchased 3,166 shares of the financial services provider’s stock, valued at approximately $444,000.

Several other hedge funds have also made changes to their positions in the stock. Sumitomo Life Insurance Co. increased its position in Discover Financial Services by 2.8% in the third quarter. Sumitomo Life Insurance Co. now owns 8,641 shares of the financial services provider’s stock worth $1,212,000 after buying an additional 233 shares during the period. Zhang Financial LLC acquired a new stake in shares of Discover Financial Services in the third quarter valued at approximately $370,000. Creative Planning boosted its position in shares of Discover Financial Services by 0.8% during the third quarter. Creative Planning now owns 64,476 shares of the financial services provider’s stock worth $9,045,000 after buying an additional 517 shares during the period. Sunflower Bank N.A. bought a new position in Discover Financial Services in the 3rd quarter worth approximately $231,000. Finally, CHICAGO TRUST Co NA acquired a new stake in Discover Financial Services in the 3rd quarter valued at approximately $437,000. Institutional investors own 86.94% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. StockNews.com started coverage on Discover Financial Services in a research note on Friday, October 11th. They issued a “hold” rating for the company. Evercore ISI boosted their price target on shares of Discover Financial Services from $140.00 to $156.00 and gave the stock an “in-line” rating in a research report on Monday, October 7th. JPMorgan Chase & Co. boosted their target price on Discover Financial Services from $132.00 to $135.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Royal Bank of Canada boosted their price target on shares of Discover Financial Services from $140.00 to $148.00 and gave the stock a “sector perform” rating in a research report on Friday, July 19th. Finally, Jefferies Financial Group boosted their target price on shares of Discover Financial Services from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Thirteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Discover Financial Services currently has a consensus rating of “Hold” and an average target price of $133.88.

Discover Financial Services Stock Performance

Discover Financial Services stock traded up $2.20 during mid-day trading on Thursday, reaching $149.73. The company had a trading volume of 416,720 shares, compared to its average volume of 1,623,411. The company has a 50 day moving average of $136.12 and a 200-day moving average of $130.75. The firm has a market cap of $37.55 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 0.94 and a beta of 1.41. The company has a quick ratio of 1.04, a current ratio of 1.12 and a debt-to-equity ratio of 1.28. Discover Financial Services has a 52 week low of $79.04 and a 52 week high of $152.90.

Discover Financial Services (NYSE:DFS) last posted its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $3.69 EPS for the quarter, beating the consensus estimate of $3.28 by $0.41. The firm had revenue of $5.91 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Discover Financial Services had a return on equity of 20.92% and a net margin of 12.88%. During the same quarter in the prior year, the firm posted $2.59 EPS. On average, sell-side analysts expect that Discover Financial Services will post 13.15 EPS for the current fiscal year.

Discover Financial Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.87%. Discover Financial Services’s payout ratio is currently 31.93%.

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.