Intrust Bank NA Cuts Holdings in Discover Financial Services (NYSE:DFS)

Intrust Bank NA trimmed its position in Discover Financial Services (NYSE:DFS) by 2.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,545 shares of the financial services provider’s stock after selling 154 shares during the quarter. Intrust Bank NA’s holdings in Discover Financial Services were worth $1,134,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Discover Financial Services during the 3rd quarter worth approximately $30,000. SBI Securities Co. Ltd. purchased a new stake in Discover Financial Services during the fourth quarter valued at $33,000. Flagship Wealth Advisors LLC bought a new position in Discover Financial Services during the fourth quarter valued at $34,000. Grove Bank & Trust grew its stake 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 buying an additional 89 shares in the last quarter. Finally, Bfsg LLC bought a new stake in shares of Discover Financial Services in the 4th quarter worth about $35,000. 86.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DFS. Truist Financial lowered their price target on shares of Discover Financial Services from $262.00 to $219.00 and set a “buy” rating for the company in a report on Friday, March 21st. Barclays raised their price objective on Discover Financial Services from $186.00 to $209.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. UBS Group raised Discover Financial Services from a “neutral” rating to a “buy” rating and boosted their target price for the company from $150.00 to $239.00 in a research report on Monday, January 13th. 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 report on Friday, January 24th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Discover Financial Services from $170.00 to $232.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $192.40.

Discover Financial Services Stock Down 2.6 %

NYSE:DFS opened at $158.23 on Friday. The company has a market cap of $39.81 billion, a price-to-earnings ratio of 9.91, a price-to-earnings-growth ratio of 1.51 and a beta of 1.45. Discover Financial Services has a twelve month low of $119.31 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 stock has a fifty day simple moving average of $184.39 and a 200-day simple moving average of $170.03.

Discover Financial Services (NYSE:DFS) last announced its quarterly earnings data 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 net margin of 17.29% and a return on equity of 26.18%. Analysts anticipate that Discover Financial Services will post 13.88 EPS for the current year.

Discover Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors 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 dividend yield of 1.77%. 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.