OLD Second National Bank of Aurora Sells 969 Shares of Discover Financial Services (NYSE:DFS)

OLD Second National Bank of Aurora lessened its holdings in Discover Financial Services (NYSE:DFS) by 4.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,789 shares of the financial services provider’s stock after selling 969 shares during the quarter. OLD Second National Bank of Aurora’s holdings in Discover Financial Services were worth $3,255,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. DiNuzzo Private Wealth Inc. grew its holdings in shares of Discover Financial Services by 506.5% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 157 shares during the last quarter. Grove Bank & Trust grew its holdings in shares of Discover Financial Services by 78.1% in the 4th quarter. Grove Bank & Trust now owns 203 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 89 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Discover Financial Services in the 3rd quarter worth about $30,000. Hantz Financial Services Inc. bought a new stake in shares of Discover Financial Services in the 4th quarter worth about $37,000. Finally, Decker Retirement Planning Inc. bought a new stake in shares of Discover Financial Services in the 4th quarter worth about $47,000. Institutional investors own 86.94% of the company’s stock.

Discover Financial Services Stock Performance

Shares of NYSE:DFS opened at $201.13 on Thursday. The company has a market capitalization of $50.55 billion, a price-to-earnings ratio of 12.60, a P/E/G ratio of 1.15 and a beta of 1.46. The firm’s 50 day simple moving average is $179.90 and its 200 day simple moving average is $155.83. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.10 and a quick ratio of 1.03. Discover Financial Services has a fifty-two week low of $104.08 and a fifty-two week high of $204.93.

Discover Financial Services (NYSE:DFS) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts forecast that Discover Financial Services will post 12.82 earnings per share for the current year.

Discover Financial Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.80 dividend on an annualized basis and a yield of 1.39%. Discover Financial Services’s payout ratio is 17.54%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on DFS shares. Wells Fargo & Company upped their target price on shares of Discover Financial Services from $185.00 to $214.00 and gave the stock an “equal weight” rating in a report on Friday, January 24th. Keefe, Bruyette & Woods increased their price objective on shares of Discover Financial Services from $170.00 to $232.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Barclays increased their price objective 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. Truist Financial increased their price objective on shares of Discover Financial Services from $233.00 to $262.00 and gave the stock a “buy” rating in a report on Monday. Finally, Evercore ISI increased their price objective on shares of Discover Financial Services from $156.00 to $163.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price 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.