Hunter Associates Investment Management LLC Has $277,000 Holdings in Discover Financial Services (NYSE:DFS)

Hunter Associates Investment Management LLC boosted its holdings in shares of Discover Financial Services (NYSE:DFS) by 14.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,200 shares of the financial services provider’s stock after purchasing an additional 400 shares during the period. Hunter Associates Investment Management LLC’s holdings in Discover Financial Services were worth $277,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in DFS. Prudential PLC grew its position in Discover Financial Services by 127.4% during the 1st quarter. Prudential PLC now owns 16,749 shares of the financial services provider’s stock worth $1,846,000 after acquiring an additional 9,382 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Discover Financial Services by 8.8% during the first quarter. Cetera Investment Advisers now owns 14,977 shares of the financial services provider’s stock worth $1,650,000 after purchasing an additional 1,216 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Discover Financial Services by 33.8% during the first quarter. Sequoia Financial Advisors LLC now owns 4,372 shares of the financial services provider’s stock worth $482,000 after purchasing an additional 1,104 shares during the last quarter. Baird Financial Group Inc. increased its stake in shares of Discover Financial Services by 0.8% in the first quarter. Baird Financial Group Inc. now owns 27,565 shares of the financial services provider’s stock valued at $3,038,000 after buying an additional 206 shares in the last quarter. Finally, Loomis Sayles & Co. L P raised its holdings in shares of Discover Financial Services by 5.2% in the first quarter. Loomis Sayles & Co. L P now owns 2,961 shares of the financial services provider’s stock valued at $326,000 after buying an additional 146 shares during the last quarter. 83.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on DFS. BMO Capital Markets decreased their price target on shares of Discover Financial Services from $116.00 to $104.00 and set a “market perform” rating on the stock in a research note on Monday, January 22nd. JPMorgan Chase & Co. decreased their price objective on Discover Financial Services from $112.00 to $99.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 17th. Royal Bank of Canada lowered their target price on Discover Financial Services from $130.00 to $117.00 and set an “outperform” rating for the company in a research note on Friday, January 19th. Piper Sandler raised Discover Financial Services from a “neutral” rating to an “overweight” rating and upped their price target for the company from $104.00 to $129.00 in a research note on Wednesday, January 3rd. Finally, Stephens reiterated an “equal weight” rating and issued a $98.00 price target on shares of Discover Financial Services in a report on Thursday, December 14th. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.24.

View Our Latest Stock Analysis on Discover Financial Services

Insider Buying and Selling

In other Discover Financial Services news, CFO John Greene sold 35,191 shares of Discover Financial Services stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $106.51, for a total value of $3,748,193.41. Following the transaction, the chief financial officer now owns 18,592 shares of the company’s stock, valued at $1,980,233.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.69% of the stock is owned by company insiders.

Discover Financial Services Trading Up 0.3 %

DFS opened at $109.18 on Monday. The firm’s fifty day moving average is $106.98 and its two-hundred day moving average is $95.99. The firm has a market cap of $27.30 billion, a PE ratio of 9.70, a price-to-earnings-growth ratio of 0.91 and a beta of 1.43. Discover Financial Services has a twelve month low of $79.04 and a twelve month high of $122.50. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.12 and a current ratio of 1.06.

Discover Financial Services (NYSE:DFSGet Free Report) last issued its quarterly earnings data on Thursday, January 18th. The financial services provider reported $1.54 EPS for the quarter, missing the consensus estimate of $2.50 by ($0.96). The business had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.10 billion. Discover Financial Services had a return on equity of 21.81% and a net margin of 14.30%. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the business posted $3.77 EPS. Equities research analysts anticipate that Discover Financial Services will post 11.28 EPS for the current year.

Discover Financial Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 7th. Stockholders of record on Thursday, February 22nd will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.56%. The ex-dividend date is Wednesday, February 21st. Discover Financial Services’s dividend payout ratio (DPR) is presently 24.89%.

Discover Financial Services Profile

(Free Report)

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; private student loans, 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.

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Institutional Ownership by Quarter for Discover Financial Services (NYSE:DFS)

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