Discover Financial Services (NYSE:DFS) Shares Sold by Fulton Bank N.A.

Fulton Bank N.A. decreased its position in Discover Financial Services (NYSE:DFS) by 32.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,509 shares of the financial services provider’s stock after selling 2,642 shares during the quarter. Fulton Bank N.A.’s holdings in Discover Financial Services were worth $722,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Wealthspire Advisors LLC raised its stake in shares of Discover Financial Services by 3.3% during the fourth quarter. Wealthspire Advisors LLC now owns 3,121 shares of the financial services provider’s stock valued at $351,000 after purchasing an additional 99 shares in the last quarter. Simon Quick Advisors LLC raised its stake in shares of Discover Financial Services by 1.7% during the fourth quarter. Simon Quick Advisors LLC now owns 6,397 shares of the financial services provider’s stock valued at $719,000 after purchasing an additional 109 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its stake in shares of Discover Financial Services by 14.6% during the first quarter. Massmutual Trust Co. FSB ADV now owns 854 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 109 shares in the last quarter. Czech National Bank raised its stake in shares of Discover Financial Services by 0.3% during the fourth quarter. Czech National Bank now owns 43,796 shares of the financial services provider’s stock valued at $4,923,000 after purchasing an additional 110 shares in the last quarter. Finally, Rise Advisors LLC raised its stake in shares of Discover Financial Services by 25.2% during the first quarter. Rise Advisors LLC now owns 607 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 122 shares in the last quarter. Institutional investors and hedge funds own 86.94% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on DFS. Jefferies Financial Group boosted their price target on shares of Discover Financial Services from $137.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Citigroup boosted their price target on shares of Discover Financial Services from $127.00 to $168.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $140.00 price target (up from $117.00) on shares of Discover Financial Services in a research report on Wednesday, February 21st. HSBC boosted their price objective on Discover Financial Services from $107.00 to $144.00 and gave the stock a “hold” rating in a report on Thursday, March 21st. Finally, JPMorgan Chase & Co. boosted their price objective on Discover Financial Services from $110.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $126.29.

Check Out Our Latest Report on Discover Financial Services

Discover Financial Services Stock Up 0.7 %

NYSE:DFS traded up $0.85 on Thursday, hitting $127.78. 1,067,870 shares of the company’s stock traded hands, compared to its average volume of 1,892,528. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.50. Discover Financial Services has a 1 year low of $79.04 and a 1 year high of $131.65. The firm has a 50-day moving average price of $124.22 and a 200-day moving average price of $117.57. The company has a market cap of $32.02 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 0.77 and a beta of 1.41.

Discover Financial Services (NYSE:DFSGet Free Report) last released its earnings results on Thursday, April 18th. The financial services provider reported $1.10 earnings per share for the quarter, missing the consensus estimate of $2.98 by ($1.88). The business had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $4.07 billion. Discover Financial Services had a net margin of 10.56% and a return on equity of 17.07%. During the same period last year, the firm earned $3.58 EPS. Equities analysts anticipate that Discover Financial Services will post 11.46 EPS for the current fiscal year.

Discover Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Thursday, May 23rd were issued a dividend of $0.70 per share. The ex-dividend date was Wednesday, May 22nd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.19%. Discover Financial Services’s dividend payout ratio (DPR) is presently 31.93%.

Discover Financial Services Profile

(Free Report)

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; private student loans, 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.

Featured Stories

Want to see what other hedge funds are holding DFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Discover Financial Services (NYSE:DFSFree Report).

Institutional Ownership by Quarter for Discover Financial Services (NYSE:DFS)

Receive News & Ratings for Discover Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discover Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.