Foster & Motley Inc. Has $4.41 Million Holdings in Discover Financial Services (NYSE:DFS)

Foster & Motley Inc. cut its stake in Discover Financial Services (NYSE:DFS - Free Report) by 21.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,225 shares of the financial services provider's stock after selling 10,556 shares during the period. Foster & Motley Inc.'s holdings in Discover Financial Services were worth $4,409,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Lee Danner & Bass Inc. bought a new stake in Discover Financial Services in the 4th quarter valued at $210,000. GUNN & Co INVESTMENT MANAGEMENT INC. boosted its holdings in Discover Financial Services by 153.4% in the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 61,316 shares of the financial services provider's stock valued at $6,892,000 after purchasing an additional 37,114 shares during the period. OLD National Bancorp IN boosted its holdings in Discover Financial Services by 2.9% in the 4th quarter. OLD National Bancorp IN now owns 10,792 shares of the financial services provider's stock valued at $1,213,000 after purchasing an additional 304 shares during the period. Signaturefd LLC boosted its holdings in Discover Financial Services by 19.5% in the 4th quarter. Signaturefd LLC now owns 6,589 shares of the financial services provider's stock valued at $741,000 after purchasing an additional 1,073 shares during the period. Finally, Verdence Capital Advisors LLC lifted its holdings in shares of Discover Financial Services by 4.2% during the 4th quarter. Verdence Capital Advisors LLC now owns 8,748 shares of the financial services provider's stock worth $983,000 after acquiring an additional 355 shares during the period. 86.94% of the stock is owned by institutional investors.

Discover Financial Services Price Performance

DFS traded up $2.62 during midday trading on Tuesday, hitting $129.30. The company had a trading volume of 1,883,250 shares, compared to its average volume of 2,230,380. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.13 and a current ratio of 1.05. The company has a market capitalization of $32.40 billion, a PE ratio of 14.74, a P/E/G ratio of 0.76 and a beta of 1.45. Discover Financial Services has a twelve month low of $79.04 and a twelve month high of $131.65. The firm's 50-day simple moving average is $122.76 and its 200-day simple moving average is $106.72.

Discover Financial Services (NYSE:DFS - Get Free Report) last posted its quarterly earnings data on Thursday, April 18th. The financial services provider reported $1.10 earnings per share for the quarter, missing the consensus estimate of $2.98 by ($1.88). Discover Financial Services had a net margin of 10.56% and a return on equity of 16.74%. The company had revenue of $4.21 billion during the quarter, compared to analyst estimates of $4.07 billion. During the same quarter in the previous year, the business posted $3.58 EPS. Equities research analysts predict that Discover Financial Services will post 11.34 EPS for the current fiscal year.

Discover Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 23rd will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Wednesday, May 22nd. Discover Financial Services's dividend payout ratio is 31.93%.

Insider Transactions at Discover Financial Services

In other news, CFO John Greene sold 35,191 shares of Discover Financial Services stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $106.51, for a total transaction of $3,748,193.41. Following the completion of the sale, the chief financial officer now owns 18,592 shares in the company, valued at approximately $1,980,233.92. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Piper Sandler raised their price objective on shares of Discover Financial Services from $127.00 to $145.00 and gave the stock an "overweight" rating in a report on Friday, February 23rd. JPMorgan Chase & Co. raised their price objective on shares of Discover Financial Services from $110.00 to $120.00 and gave the stock a "neutral" rating in a report on Wednesday, April 3rd. Evercore ISI raised their price objective 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. HSBC raised their price objective on shares of Discover Financial Services from $107.00 to $144.00 and gave the stock a "hold" rating in a report on Thursday, March 21st. Finally, StockNews.com assumed coverage on shares of Discover Financial Services in a report on Thursday, April 18th. They set a "hold" rating for the company. Twelve research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $126.29.

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; 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.