Simplicity Wealth LLC Acquires New Shares in Discover Financial Services (NYSE:DFS)

Simplicity Wealth LLC bought a new stake in shares of Discover Financial Services (NYSE:DFS) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,205 shares of the financial services provider's stock, valued at approximately $1,469,000.

Other institutional investors also recently bought and sold shares of the company. Partnership Wealth Management LLC bought a new position in shares of Discover Financial Services in the 4th quarter valued at approximately $25,000. Bruce G. Allen Investments LLC acquired a new stake in shares of Discover Financial Services in the fourth quarter worth $28,000. Riverview Trust Co acquired a new stake in shares of Discover Financial Services in the first quarter worth $34,000. MeadowBrook Investment Advisors LLC bought a new stake in shares of Discover Financial Services during the 4th quarter worth $31,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in Discover Financial Services in the 4th quarter valued at $35,000. 86.94% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on DFS shares. Evercore ISI raised their price target on Discover Financial Services from $117.00 to $140.00 and gave the company an "in-line" rating in a research report on Thursday, February 22nd. BMO Capital Markets dropped their price target on Discover Financial Services from $116.00 to $104.00 and set a "market perform" rating on the stock in a research report on Monday, January 22nd. Citigroup increased their price objective on Discover Financial Services from $127.00 to $168.00 and gave the company a "buy" rating in a research report on Friday, February 23rd. Piper Sandler boosted their target price on shares of Discover Financial Services from $127.00 to $145.00 and gave the stock an "overweight" rating in a research report on Friday, February 23rd. Finally, Wolfe Research reissued a "peer perform" rating on shares of Discover Financial Services in a report on Wednesday, February 21st. Twelve equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $126.29.

Discover Financial Services Price Performance

Shares of DFS stock traded down $0.83 during trading hours on Monday, hitting $124.59. The company had a trading volume of 698,324 shares, compared to its average volume of 2,032,228. 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 1.12 and a current ratio of 1.12. The firm's fifty day moving average is $125.11 and its 200 day moving average is $112.00. The firm has a market capitalization of $31.22 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 0.76 and a beta of 1.43.

Discover Financial Services (NYSE:DFS - Get Free Report) last announced its quarterly earnings results on Thursday, April 18th. The financial services provider reported $1.10 EPS 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 17.07%. The company had revenue of $4.21 billion during the quarter, compared to analyst estimates of $4.07 billion. During the same period in the prior year, the firm earned $3.58 EPS. On average, sell-side analysts predict that Discover Financial Services will post 11.48 EPS for the current fiscal year.

Discover Financial Services Dividend Announcement

The company also recently announced 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 2.25%. The ex-dividend date is Wednesday, May 22nd. Discover Financial Services's dividend payout ratio (DPR) is currently 31.93%.

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.

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