ORBA Wealth Advisors L.L.C. Has $4.53 Million Position in Discover Financial Services (NYSE:DFS)

ORBA Wealth Advisors L.L.C. lifted its stake in Discover Financial Services (NYSE:DFS) by 16.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,157 shares of the financial services provider’s stock after buying an additional 3,761 shares during the period. Discover Financial Services comprises approximately 2.4% of ORBA Wealth Advisors L.L.C.’s holdings, making the stock its 12th largest holding. ORBA Wealth Advisors L.L.C.’s holdings in Discover Financial Services were worth $4,531,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Hemington Wealth Management increased its position in shares of Discover Financial Services by 11.0% during the 4th quarter. Hemington Wealth Management now owns 503 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 50 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of 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 valued at $1,602,000 after purchasing an additional 56 shares during the last quarter. Stratos Wealth Partners LTD. raised its position in Discover Financial Services by 0.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 6,158 shares of the financial services provider’s stock valued at $1,067,000 after purchasing an additional 57 shares during the last quarter. Invst LLC grew its holdings in Discover Financial Services by 0.9% during the 3rd quarter. Invst LLC now owns 7,253 shares of the financial services provider’s stock worth $1,018,000 after acquiring an additional 62 shares during the last quarter. Finally, CTC Alternative Strategies Ltd. grew its stake in shares of Discover Financial Services by 3.2% in the third quarter. CTC Alternative Strategies Ltd. now owns 2,047 shares of the financial services provider’s stock worth $287,000 after purchasing an additional 63 shares during the last quarter. Institutional investors own 86.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DFS. JPMorgan Chase & Co. boosted their target price on shares of Discover Financial Services from $146.00 to $169.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. Royal Bank of Canada upped their price objective on Discover Financial Services from $193.00 to $210.00 and gave the company a “sector perform” rating in a research note on Friday, January 24th. Truist Financial increased their price objective on Discover Financial Services from $233.00 to $262.00 and gave the company a “buy” rating in a report on Monday, January 27th. Evercore ISI boosted their price target on shares of Discover Financial Services from $156.00 to $163.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Finally, StockNews.com downgraded Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Friday, January 24th. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $191.91.

Discover Financial Services Stock Down 2.9 %

NYSE:DFS opened at $187.66 on Wednesday. Discover Financial Services has a twelve month low of $118.74 and a twelve month high of $205.76. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. The company has a market cap of $47.16 billion, a PE ratio of 11.76, a P/E/G ratio of 1.51 and a beta of 1.46. The company’s 50 day moving average is $187.49 and its two-hundred day moving average is $164.38.

Discover Financial Services (NYSE:DFS) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $3.13 by $1.98. Discover Financial Services had a return on equity of 26.18% and a net margin of 17.29%. Analysts anticipate that Discover Financial Services will post 13.88 EPS for the current year.

Discover Financial Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be issued a $0.70 dividend. 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 1.49%. Discover Financial Services’s 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.