JFS Wealth Advisors LLC Has $30,000 Stock Holdings in Discover Financial Services (NYSE:DFS)

JFS Wealth Advisors LLC decreased its position in shares of Discover Financial Services (NYSE:DFS) by 51.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 214 shares of the financial services provider’s stock after selling 223 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Discover Financial Services were worth $30,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of DFS. DiNuzzo Private Wealth Inc. raised its position in shares of Discover Financial Services by 506.5% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 157 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in Discover Financial Services in the 2nd quarter valued at about $26,000. Y.D. More Investments Ltd raised its holdings in Discover Financial Services by 147.8% in the 2nd quarter. Y.D. More Investments Ltd now owns 223 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 133 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Discover Financial Services by 72.5% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 226 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 95 shares during the period. Finally, Larson Financial Group LLC increased its holdings in shares of Discover Financial Services by 348.2% during the second quarter. Larson Financial Group LLC now owns 251 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 195 shares during the period. Institutional investors and hedge funds own 86.94% of the company’s stock.

Discover Financial Services Price Performance

DFS opened at $151.30 on Friday. The business has a fifty day moving average of $140.58 and a 200 day moving average of $132.71. Discover Financial Services has a 52-week low of $82.15 and a 52-week high of $157.06. The company has a quick ratio of 1.04, a current ratio of 1.08 and a debt-to-equity ratio of 1.28. The stock has a market cap of $37.99 billion, a P/E ratio of 12.21, a PEG ratio of 1.00 and a beta of 1.41.

Discover Financial Services (NYSE:DFS) last issued its earnings results 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. The business had revenue of $5.91 billion during the quarter, compared to analyst estimates of $4.36 billion. Discover Financial Services had a return on equity of 21.38% and a net margin of 13.78%. During the same period in the previous year, the company posted $2.59 EPS. As a group, sell-side analysts anticipate that Discover Financial Services will post 13.28 EPS for the current 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 given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Thursday, November 21st. Discover Financial Services’s dividend payout ratio is currently 22.60%.

Analysts Set New Price Targets

DFS has been the topic of several analyst reports. Wells Fargo & Company increased their price target on shares of Discover Financial Services from $152.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. increased 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 report on Friday, July 19th. Keefe, Bruyette & Woods raised their target price on shares of Discover Financial Services from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Monday, July 8th. Royal Bank of Canada raised their target price on shares of Discover Financial Services from $148.00 to $161.00 and gave the company a “sector perform” rating in a research report on Friday, October 18th. Finally, Barclays raised their target price on shares of Discover Financial Services from $135.00 to $137.00 and gave the company an “equal weight” rating in a research report on Friday, July 19th. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Discover Financial Services presently has a consensus rating of “Hold” and an average target price of $138.81.

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.