1,207 Shares in Discover Financial Services (NYSE:DFS) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new stake in Discover Financial Services (NYSE:DFS) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,207 shares of the financial services provider’s stock, valued at approximately $209,000.

Other institutional investors have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Discover Financial Services during the 3rd quarter valued at approximately $30,000. SBI Securities Co. Ltd. bought a new stake in shares of Discover Financial Services during the fourth quarter worth $33,000. Grove Bank & Trust grew its stake in shares of Discover Financial Services by 78.1% during the fourth quarter. Grove Bank & Trust now owns 203 shares of the financial services provider’s stock worth $35,000 after buying an additional 89 shares during the last quarter. Bfsg LLC bought a new position in shares of Discover Financial Services in the 4th quarter valued at $35,000. Finally, Hantz Financial Services Inc. bought a new position in shares of Discover Financial Services in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 86.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Royal Bank of Canada upped their target price on Discover Financial Services from $193.00 to $210.00 and gave the stock a “sector perform” rating in a report on Friday, January 24th. StockNews.com lowered shares of Discover Financial Services from a “buy” rating to a “hold” rating in a report on Friday, January 24th. UBS Group raised shares of Discover Financial Services from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $150.00 to $239.00 in a report on Monday, January 13th. Truist Financial decreased their price target on shares of Discover Financial Services from $262.00 to $219.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Finally, Barclays boosted their price objective on shares of Discover Financial Services from $186.00 to $209.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $192.40.

Discover Financial Services Stock Performance

DFS stock opened at $162.91 on Friday. The firm has a market cap of $40.99 billion, a PE ratio of 10.21, a price-to-earnings-growth ratio of 1.51 and a beta of 1.45. The stock has a 50-day moving average price of $184.97 and a 200-day moving average price of $169.58. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. Discover Financial Services has a 1-year low of $119.31 and a 1-year high of $205.76.

Discover Financial Services (NYSE:DFS) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 EPS for the quarter, beating the consensus estimate 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, equities research analysts expect that Discover Financial Services will post 13.88 earnings per share for the current year.

Discover Financial Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.80 annualized dividend and a yield of 1.72%. Discover Financial Services’s payout ratio is 17.54%.

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.