First National Trust Co Sells 8,155 Shares of Discover Financial Services (NYSE:DFS)

First National Trust Co lessened its position in shares of Discover Financial Services (NYSE:DFS - Free Report) by 29.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,329 shares of the financial services provider's stock after selling 8,155 shares during the period. First National Trust Co's holdings in Discover Financial Services were worth $2,173,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bruce G. Allen Investments LLC bought a new position in Discover Financial Services in the 4th quarter valued at approximately $28,000. Turtle Creek Wealth Advisors LLC bought a new position in Discover Financial Services in the 4th quarter valued at approximately $35,000. First Command Advisory Services Inc. bought a new position in Discover Financial Services in the 3rd quarter valued at approximately $39,000. Larson Financial Group LLC lifted its stake in Discover Financial Services by 105.8% in the 3rd quarter. Larson Financial Group LLC now owns 465 shares of the financial services provider's stock valued at $40,000 after purchasing an additional 239 shares during the last quarter. Finally, Macroview Investment Management LLC bought a new position in Discover Financial Services in the 3rd quarter valued at approximately $41,000. Institutional investors own 86.94% of the company's stock.

Discover Financial Services Stock Up 0.4 %

NYSE:DFS traded up $0.53 during trading hours on Friday, reaching $125.04. The company had a trading volume of 811,004 shares, compared to its average volume of 1,326,064. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 1.50. The firm has a market cap 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. The business's 50-day simple moving average is $124.41 and its two-hundred day simple moving average is $108.48. Discover Financial Services has a twelve month low of $79.04 and a twelve month high of $131.65.

Discover Financial Services (NYSE:DFS - Get Free Report) last released its quarterly earnings data 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). Discover Financial Services had a net margin of 10.56% and a return on equity of 17.07%. The business had revenue of $4.21 billion during the quarter, compared to the consensus estimate of $4.07 billion. During the same period last year, the business posted $3.58 earnings per share. On average, equities analysts expect that Discover Financial Services will post 11.69 earnings per share for the current year.

Discover Financial Services Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on DFS shares. Wells Fargo & Company raised their price target on shares of Discover Financial Services from $105.00 to $135.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 10th. StockNews.com started coverage on shares of Discover Financial Services in a research note on Saturday. They set a "hold" rating for the company. 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. Citigroup raised their price target on shares of Discover Financial Services from $127.00 to $168.00 and gave the company a "buy" rating in a research note on Friday, February 23rd. Finally, Morgan Stanley raised shares of Discover Financial Services from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $105.00 to $133.00 in a research note on Thursday, February 8th. Twelve investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Discover Financial Services has an average rating of "Hold" and a consensus target price of $126.29.

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; 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.