Crews Bank & Trust Makes New Investment in Discover Financial Services (NYSE:DFS)

Crews Bank & Trust acquired a new stake in shares of Discover Financial Services (NYSE:DFS) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 4,973 shares of the financial services provider’s stock, valued at approximately $861,000.

A number of other institutional investors have also made changes to their positions in DFS. UMB Bank n.a. increased its stake in Discover Financial Services by 0.6% during the 4th quarter. UMB Bank n.a. now owns 9,248 shares of the financial services provider’s stock worth $1,602,000 after buying an additional 56 shares during the period. Invst LLC boosted its holdings in Discover Financial Services by 0.9% in the third quarter. Invst LLC now owns 7,253 shares of the financial services provider’s stock valued at $1,018,000 after purchasing an additional 62 shares during the last quarter. CTC Alternative Strategies Ltd. grew its stake in Discover Financial Services by 3.2% during the 3rd quarter. CTC Alternative Strategies Ltd. now owns 2,047 shares of the financial services provider’s stock valued at $287,000 after purchasing an additional 63 shares in the last quarter. Eagle Bluffs Wealth Management LLC increased its holdings in Discover Financial Services by 0.5% during the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 14,501 shares of the financial services provider’s stock worth $2,034,000 after purchasing an additional 67 shares during the last quarter. Finally, Perigon Wealth Management LLC boosted its stake in shares of Discover Financial Services by 3.5% during the 4th quarter. Perigon Wealth Management LLC now owns 1,967 shares of the financial services provider’s stock valued at $364,000 after buying an additional 67 shares during the last quarter. 86.94% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DFS has been the topic of several recent analyst reports. Truist Financial upped their price target on shares of Discover Financial Services from $233.00 to $262.00 and gave the company a “buy” rating in a report on Monday. JPMorgan Chase & Co. upped their price objective on Discover Financial Services from $146.00 to $169.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods boosted their price target on Discover Financial Services from $170.00 to $232.00 and gave the company an “outperform” rating in a report on Monday, December 9th. UBS Group upgraded Discover Financial Services from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $150.00 to $239.00 in a research note on Monday, January 13th. Finally, Barclays increased their target price on shares of Discover Financial Services from $186.00 to $209.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Ten analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $182.64.

Discover Financial Services Stock Up 0.9 %

DFS opened at $202.91 on Thursday. The stock’s fifty day moving average is $179.90 and its 200-day moving average is $155.83. Discover Financial Services has a one year low of $104.08 and a one year high of $204.93. The company has a market capitalization of $50.99 billion, a PE ratio of 12.71, a P/E/G ratio of 1.15 and a beta of 1.46. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.10.

Discover Financial Services (NYSE:DFS) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share for the quarter, beating analysts’ consensus estimates of $3.13 by $1.98. Discover Financial Services had a return on equity of 27.52% and a net margin of 17.29%. On average, equities analysts predict that Discover Financial Services will post 12.82 EPS for the current fiscal year.

Discover Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Friday, May 23rd. Discover Financial Services’s dividend payout ratio is 17.54%.

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; 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.