First National Trust Co Has $2.17 Million Position in Discover Financial Services (NYSE:DFS)

First National Trust Co lessened its stake in shares of Discover Financial Services (NYSE:DFS) by 29.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 19,329 shares of the financial services provider’s stock after selling 8,155 shares during the quarter. First National Trust Co’s holdings in Discover Financial Services were worth $2,173,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Simon Quick Advisors LLC grew its holdings in Discover Financial Services by 1.7% in the 4th quarter. Simon Quick Advisors LLC now owns 6,397 shares of the financial services provider’s stock valued at $719,000 after buying an additional 109 shares in the last quarter. Czech National Bank grew its stake in shares of Discover Financial Services by 0.3% in the fourth quarter. Czech National Bank now owns 43,796 shares of the financial services provider’s stock valued at $4,923,000 after acquiring an additional 110 shares in the last quarter. Glenview Trust co increased its position in Discover Financial Services by 0.5% during the third quarter. Glenview Trust co now owns 24,363 shares of the financial services provider’s stock worth $2,111,000 after acquiring an additional 130 shares during the period. Patron Partners LLC raised its stake in Discover Financial Services by 3.5% in the 3rd quarter. Patron Partners LLC now owns 4,117 shares of the financial services provider’s stock worth $357,000 after purchasing an additional 139 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in Discover Financial Services by 0.5% in the 3rd quarter. Mackenzie Financial Corp now owns 28,137 shares of the financial services provider’s stock valued at $2,455,000 after purchasing an additional 146 shares during the period. Institutional investors own 86.94% of the company’s stock.

Wall Street Analysts Forecast Growth

DFS has been the topic of several recent research reports. Evercore ISI raised their target price on shares of Discover Financial Services from $117.00 to $140.00 and gave the stock an “in-line” rating in a report on Thursday, February 22nd. The Goldman Sachs Group cut their target price on Discover Financial Services from $139.00 to $121.00 and set a “buy” rating for the company in a research report on Friday, January 19th. Deutsche Bank Aktiengesellschaft decreased their price target on Discover Financial Services from $140.00 to $111.00 and set a “hold” rating on the stock in a research report on Friday, January 19th. Seaport Res Ptn downgraded shares of Discover Financial Services from a “buy” rating to a “neutral” rating in a research note on Friday, March 15th. Finally, Wolfe Research restated a “peer perform” rating on shares of Discover Financial Services in a research report on Wednesday, February 21st. Twelve 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, the stock currently has a consensus rating of “Hold” and an average price target of $126.29.

Discover Financial Services Trading Up 0.4 %

Shares of NYSE:DFS traded up $0.53 during midday trading on Friday, hitting $125.04. 811,004 shares of the stock were exchanged, compared to its average volume of 1,326,064. The business’s 50-day moving average price is $124.34 and its 200 day moving average price is $108.25. Discover Financial Services has a 12 month low of $79.04 and a 12 month high of $131.65. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.13 and a current ratio of 1.12. The stock has a market capitalization of $31.34 billion, a price-to-earnings ratio of 14.26, a P/E/G ratio of 0.73 and a beta of 1.43.

Discover Financial Services (NYSE:DFS) last posted its earnings results on Thursday, April 18th. The financial services provider reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $2.98 by ($1.88). The business had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $4.07 billion. Discover Financial Services had a return on equity of 17.07% and a net margin of 10.56%. During the same period in the previous year, the firm earned $3.58 earnings per share. Analysts predict that Discover Financial Services will post 11.69 earnings per share for the current year.

Discover Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 23rd will be issued a $0.70 dividend. The ex-dividend date is Wednesday, May 22nd. This represents a $2.80 dividend on an annualized basis and a yield of 2.24%. Discover Financial Services’s payout ratio is 31.93%.

Discover Financial Services Company 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; 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.