First National Trust Co Sells 315 Shares of Discover Financial Services (NYSE:DFS)

First National Trust Co cut its position in shares of Discover Financial Services (NYSE:DFS) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,468 shares of the financial services provider’s stock after selling 315 shares during the period. First National Trust Co’s holdings in Discover Financial Services were worth $1,813,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Sienna Gestion lifted its stake in shares of Discover Financial Services by 1,146.4% in the 4th quarter. Sienna Gestion now owns 47,264 shares of the financial services provider’s stock valued at $8,186,000 after purchasing an additional 43,472 shares during the last quarter. Midwest Professional Planners LTD. lifted its stake in shares of Discover Financial Services by 0.8% in the 4th quarter. Midwest Professional Planners LTD. now owns 8,464 shares of the financial services provider’s stock valued at $1,466,000 after purchasing an additional 64 shares during the last quarter. Madison Investment Advisors LLC bought a new stake in shares of Discover Financial Services in the 4th quarter valued at approximately $493,000. Thompson Siegel & Walmsley LLC bought a new stake in shares of Discover Financial Services in the 4th quarter valued at approximately $2,498,000. Finally, Impact Capital Partners LLC bought a new stake in shares of Discover Financial Services in the 4th quarter valued at approximately $218,000. 86.94% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on DFS shares. Truist Financial raised their price objective on Discover Financial Services from $233.00 to $262.00 and gave the company a “buy” rating in a research note on Monday, January 27th. StockNews.com lowered Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Friday, January 24th. Wells Fargo & Company raised their price target on Discover Financial Services from $185.00 to $214.00 and gave the stock an “equal weight” rating in a research note on Friday, January 24th. Barclays raised their price target on Discover Financial Services from $186.00 to $209.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Finally, Royal Bank of Canada raised their price target on Discover Financial Services from $193.00 to $210.00 and gave the stock a “sector perform” rating in a research note on Friday, January 24th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Discover Financial Services has a consensus rating of “Hold” and an average price target of $191.91.

Discover Financial Services Trading Up 3.4 %

DFS opened at $164.67 on Friday. The stock’s fifty day moving average is $187.69 and its two-hundred day moving average is $167.82. The company has a market capitalization of $41.43 billion, a P/E ratio of 10.32, a PEG ratio of 1.51 and a beta of 1.45. Discover Financial Services has a 52 week low of $119.31 and a 52 week high of $205.76. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 1.09.

Discover Financial Services (NYSE:DFS) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $5.11 EPS for the quarter, topping 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 forecast that Discover Financial Services will post 13.88 earnings per share for the current year.

Discover Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be issued a $0.70 dividend. The ex-dividend date is Friday, May 23rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.70%. Discover Financial Services’s dividend payout ratio is presently 17.54%.

Discover Financial Services Profile

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.