Mayflower Financial Advisors LLC Reduces Stock Position in Discover Financial Services (NYSE:DFS)

Mayflower Financial Advisors LLC cut its holdings in Discover Financial Services (NYSE:DFS) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,450 shares of the financial services provider’s stock after selling 69 shares during the period. Mayflower Financial Advisors LLC’s holdings in Discover Financial Services were worth $251,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. UMB Bank n.a. lifted its stake in shares of Discover Financial Services by 0.6% in the 4th quarter. UMB Bank n.a. now owns 9,248 shares of the financial services provider’s stock worth $1,602,000 after acquiring an additional 56 shares during the period. Invst LLC lifted its position 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 period. CTC Alternative Strategies Ltd. boosted its holdings in Discover Financial Services by 3.2% in 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 position 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 period. Finally, Perigon Wealth Management LLC raised 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 worth $364,000 after buying an additional 67 shares in the last quarter. 86.94% of the stock is owned by hedge funds and other institutional investors.

Discover Financial Services Stock Performance

Shares of DFS opened at $201.13 on Thursday. The firm has a market cap of $50.55 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 1.15 and a beta of 1.46. The business’s 50 day moving average is $179.90 and its two-hundred day moving average is $155.83. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 1.09. Discover Financial Services has a 52-week low of $104.08 and a 52-week high of $204.93.

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

Discover Financial Services Dividend Announcement

The company also recently announced 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. The ex-dividend date is Friday, May 23rd. This represents a $2.80 annualized dividend and a dividend yield of 1.39%. Discover Financial Services’s payout ratio is 17.54%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on DFS shares. Truist Financial lifted their price target on Discover Financial Services from $233.00 to $262.00 and gave the company a “buy” rating in a research note on Monday. JPMorgan Chase & Co. upped their price target on Discover Financial Services from $146.00 to $169.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Barclays lifted their price objective on Discover Financial Services from $186.00 to $209.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Keefe, Bruyette & Woods upped their target price on Discover Financial Services from $170.00 to $232.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, StockNews.com cut Discover Financial Services from a “buy” rating to a “hold” rating in a research report on Friday, January 24th. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Discover Financial Services has an average rating of “Hold” and an average price target of $182.64.

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.