Dakota Wealth Management Has $462,000 Stock Holdings in Discover Financial Services (NYSE:DFS)

Dakota Wealth Management lifted its stake in Discover Financial Services (NYSE:DFS) by 4.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,664 shares of the financial services provider’s stock after purchasing an additional 113 shares during the quarter. Dakota Wealth Management’s holdings in Discover Financial Services were worth $462,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. lifted its stake in Discover Financial Services by 506.5% during the third quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider’s stock valued at $26,000 after buying an additional 157 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Discover Financial Services in the 3rd quarter valued at approximately $30,000. Grove Bank & Trust boosted its stake in Discover Financial Services by 78.1% in the 4th quarter. Grove Bank & Trust now owns 203 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 89 shares during the period. Pinnacle Bancorp Inc. boosted its stake in Discover Financial Services by 37.1% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 292 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 79 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in Discover Financial Services by 27.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 316 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 68 shares during the period. Hedge funds and other institutional investors own 86.94% of the company’s stock.

Analyst Upgrades and Downgrades

DFS has been the topic of a number of research analyst reports. Royal Bank of Canada lifted their price target on Discover Financial Services from $193.00 to $210.00 and gave the company a “sector perform” rating in a report on Friday. Wells Fargo & Company lifted their target price on Discover Financial Services from $185.00 to $214.00 and gave the company an “equal weight” rating in a research note on Friday. Barclays increased their price target on shares of Discover Financial Services from $186.00 to $209.00 and gave the stock an “overweight” rating in a research report on Friday. UBS Group raised shares of Discover Financial Services from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $150.00 to $239.00 in a research report on Monday, January 13th. Finally, Evercore ISI increased their target price on shares of Discover Financial Services from $156.00 to $163.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $180.57.

Discover Financial Services Price Performance

NYSE DFS opened at $201.59 on Friday. The firm has a market cap of $50.66 billion, a P/E ratio of 12.63, a price-to-earnings-growth ratio of 1.15 and a beta of 1.46. The stock’s 50-day moving average is $178.82 and its two-hundred day moving average is $154.51. Discover Financial Services has a fifty-two week low of $101.71 and a fifty-two week high of $204.93. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.10 and a quick ratio of 1.03.

Discover Financial Services (NYSE:DFS) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate of $3.13 by $1.98. Discover Financial Services had a return on equity of 27.52% and a net margin of 17.29%. On average, analysts anticipate that Discover Financial Services will post 12.82 earnings per share for the current fiscal year.

Discover Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.80 dividend on an annualized basis and a yield of 1.39%. Discover Financial Services’s payout ratio is presently 17.54%.

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.