Hsbc Holdings PLC Purchases 17,181 Shares of Discover Financial Services (NYSE:DFS)

Hsbc Holdings PLC grew its stake in Discover Financial Services (NYSE:DFS) by 1.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,055,440 shares of the financial services provider’s stock after purchasing an additional 17,181 shares during the period. Hsbc Holdings PLC’s holdings in Discover Financial Services were worth $118,652,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Wealthspire Advisors LLC grew its position in Discover Financial Services by 3.3% in the 4th quarter. Wealthspire Advisors LLC now owns 3,121 shares of the financial services provider’s stock worth $351,000 after purchasing an additional 99 shares during the last quarter. Simon Quick Advisors LLC grew its position 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 worth $719,000 after purchasing an additional 109 shares during the last quarter. Czech National Bank grew its position in Discover Financial Services by 0.3% in the 4th quarter. Czech National Bank now owns 43,796 shares of the financial services provider’s stock worth $4,923,000 after purchasing an additional 110 shares during the last quarter. ING Groep NV grew its position in Discover Financial Services by 0.4% in the 4th quarter. ING Groep NV now owns 31,508 shares of the financial services provider’s stock worth $3,541,000 after purchasing an additional 129 shares during the last quarter. Finally, Glenview Trust co grew its position in Discover Financial Services by 0.5% in the 3rd quarter. Glenview Trust co now owns 24,363 shares of the financial services provider’s stock worth $2,111,000 after purchasing an additional 130 shares during the last quarter. 86.94% of the stock is currently owned by institutional investors and hedge funds.

Discover Financial Services Price Performance

Shares of NYSE DFS traded up $0.41 during trading on Monday, reaching $123.22. The company had a trading volume of 1,003,800 shares, compared to its average volume of 2,001,796. Discover Financial Services has a 52 week low of $79.04 and a 52 week high of $131.65. The stock has a market cap of $30.88 billion, a PE ratio of 14.05, a PEG ratio of 0.75 and a beta of 1.43. 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 business’s 50 day moving average price is $125.13 and its 200-day moving average price is $113.08.

Discover Financial Services (NYSE:DFSGet Free Report) last announced 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). Discover Financial Services had a return on equity of 17.07% and a net margin of 10.56%. The company had revenue of $4.21 billion during the quarter, compared to the consensus estimate of $4.07 billion. During the same period in the prior year, the firm posted $3.58 earnings per share. Analysts expect that Discover Financial Services will post 11.48 earnings per share for the current year.

Discover Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 23rd will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Wednesday, May 22nd. Discover Financial Services’s dividend payout ratio (DPR) is 31.93%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. HSBC raised their price target on shares of Discover Financial Services from $107.00 to $144.00 and gave the stock a “hold” rating in a research report on Thursday, March 21st. Barclays lifted their target price on shares of Discover Financial Services from $120.00 to $123.00 and gave the company an “equal weight” rating in a research report on Friday, April 19th. StockNews.com assumed coverage on shares of Discover Financial Services in a research report on Monday, May 20th. They set a “hold” rating on the stock. Seaport Res Ptn lowered shares of Discover Financial Services from a “buy” rating to a “neutral” rating in a research report on Friday, March 15th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Discover Financial Services in a research report on Wednesday, February 21st. Twelve research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $126.29.

Check Out Our Latest Stock Report on DFS

About Discover Financial Services

(Free Report)

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.

See Also

Want to see what other hedge funds are holding DFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Discover Financial Services (NYSE:DFSFree Report).

Institutional Ownership by Quarter for Discover Financial Services (NYSE:DFS)

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