Fiduciary Family Office LLC Sells 396 Shares of Discover Financial Services (NYSE:DFS)

Fiduciary Family Office LLC decreased its holdings in shares of Discover Financial Services (NYSE:DFS) by 4.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,057 shares of the financial services provider’s stock after selling 396 shares during the period. Fiduciary Family Office LLC’s holdings in Discover Financial Services were worth $1,271,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Cooke & Bieler LP grew its position in Discover Financial Services by 5.1% in the 2nd quarter. Cooke & Bieler LP now owns 1,281,950 shares of the financial services provider’s stock worth $167,692,000 after purchasing an additional 62,595 shares during the period. Hsbc Holdings PLC grew its position in shares of Discover Financial Services by 6.7% during the 2nd quarter. Hsbc Holdings PLC now owns 1,181,333 shares of the financial services provider’s stock valued at $154,064,000 after acquiring an additional 73,902 shares during the period. AustralianSuper Pty Ltd grew its position in shares of Discover Financial Services by 0.5% during the 2nd quarter. AustralianSuper Pty Ltd now owns 1,162,495 shares of the financial services provider’s stock valued at $152,066,000 after acquiring an additional 6,042 shares during the period. Elser Financial Planning Inc bought a new stake in shares of Discover Financial Services during the 2nd quarter valued at $91,044,000. Finally, Samlyn Capital LLC grew its position in shares of Discover Financial Services by 368.0% during the 2nd quarter. Samlyn Capital LLC now owns 646,691 shares of the financial services provider’s stock valued at $84,594,000 after acquiring an additional 508,504 shares during the period. 86.94% of the stock is currently owned by hedge funds and other institutional investors.

Discover Financial Services Trading Up 2.5 %

DFS stock traded up $3.67 during trading on Tuesday, reaching $152.81. 186,049 shares of the stock were exchanged, compared to its average volume of 1,625,257. The company has a current ratio of 1.08, a quick ratio of 1.04 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $38.37 billion, a price-to-earnings ratio of 12.25, a P/E/G ratio of 0.97 and a beta of 1.41. The business has a 50 day moving average price of $140.91 and a 200-day moving average price of $133.07. Discover Financial Services has a 1 year low of $82.15 and a 1 year high of $157.06.

Discover Financial Services (NYSE:DFS) last issued its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share for the quarter, beating analysts’ consensus estimates of $3.28 by $0.41. Discover Financial Services had a return on equity of 21.38% and a net margin of 13.78%. The business had revenue of $5.91 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the previous year, the firm posted $2.59 earnings per share. On average, research analysts predict that Discover Financial Services will post 13.28 earnings per share for the current year.

Discover Financial Services Dividend Announcement

The business 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 dividend of $0.70 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.80 annualized dividend and a yield of 1.83%. Discover Financial Services’s payout ratio is 22.60%.

Analyst Ratings Changes

Several brokerages recently weighed in on DFS. Keefe, Bruyette & Woods upped their target price on shares of Discover Financial Services from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Monday, July 8th. BMO Capital Markets boosted their price target on shares of Discover Financial Services from $115.00 to $119.00 and gave the stock a “market perform” rating in a research note on Friday, July 19th. JPMorgan Chase & Co. boosted their price target on shares of Discover Financial Services from $132.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Evercore ISI upped their target price on shares of Discover Financial Services from $156.00 to $163.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company upped their price target on shares of Discover Financial Services from $152.00 to $160.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Discover Financial Services currently has a consensus rating of “Hold” and an average target price of $138.81.

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.