Groupama Asset Managment Has $2.52 Million Stake in Discover Financial Services (NYSE:DFS)

Groupama Asset Managment lifted its stake in Discover Financial Services (NYSE:DFS) by 73.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,595 shares of the financial services provider’s stock after buying an additional 6,179 shares during the period. Groupama Asset Managment’s holdings in Discover Financial Services were worth $2,517,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in DFS. Townsquare Capital LLC grew its holdings in shares of Discover Financial Services by 4.5% during the 3rd quarter. Townsquare Capital LLC now owns 4,769 shares of the financial services provider’s stock worth $669,000 after purchasing an additional 204 shares in the last quarter. Bridgewater Associates LP acquired a new stake in Discover Financial Services during the third quarter worth about $500,000. Caisse DE Depot ET Placement DU Quebec increased its holdings in Discover Financial Services by 2.5% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 57,400 shares of the financial services provider’s stock valued at $8,053,000 after buying an additional 1,400 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Discover Financial Services in the 3rd quarter valued at approximately $30,000. Finally, Atom Investors LP raised its position in shares of Discover Financial Services by 69.5% in the 3rd quarter. Atom Investors LP now owns 3,489 shares of the financial services provider’s stock valued at $489,000 after buying an additional 1,430 shares in the last quarter. Institutional investors and hedge funds own 86.94% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Royal Bank of Canada lifted their price objective on shares of 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. Keefe, Bruyette & Woods lifted their price target on Discover Financial Services from $170.00 to $232.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. UBS Group raised Discover Financial Services from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $150.00 to $239.00 in a report on Monday, January 13th. Truist Financial reduced their price objective on Discover Financial Services from $262.00 to $219.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Finally, JPMorgan Chase & Co. boosted their target price on Discover Financial Services from $146.00 to $169.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $192.40.

Discover Financial Services Stock Performance

Discover Financial Services stock opened at $170.32 on Wednesday. The business has a 50 day moving average of $183.68 and a 200-day moving average of $170.89. The company has a market capitalization of $42.85 billion, a P/E ratio of 10.67, a P/E/G ratio of 1.51 and a beta of 1.45. Discover Financial Services has a 1 year low of $119.31 and a 1 year high of $205.76. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.03.

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 (EPS) for the quarter, beating the consensus estimate of $3.13 by $1.98. Discover Financial Services had a net margin of 17.29% and a return on equity of 26.18%. On average, equities research analysts predict that Discover Financial Services will post 13.88 earnings per share for the current year.

Discover Financial Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.64%. The ex-dividend date is Friday, May 23rd. Discover Financial Services’s payout ratio is presently 17.54%.

Discover Financial Services Company 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.