Discover Financial Services (NYSE:DFS) Position Lowered by Bruni J V & Co. Co.

Bruni J V & Co. Co. reduced its position in shares of Discover Financial Services (NYSE:DFS) by 0.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 386,480 shares of the financial services provider’s stock after selling 504 shares during the period. Discover Financial Services comprises approximately 5.4% of Bruni J V & Co. Co.’s portfolio, making the stock its 6th largest position. Bruni J V & Co. Co. owned approximately 0.15% of Discover Financial Services worth $43,440,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bruce G. Allen Investments LLC purchased a new stake in shares of Discover Financial Services during the 4th quarter worth approximately $28,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Discover Financial Services in the 4th quarter valued at about $35,000. First Command Advisory Services Inc. purchased a new position in Discover Financial Services during the 3rd quarter worth approximately $39,000. Larson Financial Group LLC lifted its stake in Discover Financial Services by 105.8% in the third quarter. Larson Financial Group LLC now owns 465 shares of the financial services provider’s stock valued at $40,000 after buying an additional 239 shares during the last quarter. Finally, Macroview Investment Management LLC acquired a new stake in Discover Financial Services during the 3rd quarter worth approximately $41,000. Institutional investors and hedge funds own 86.94% of the company’s stock.

Discover Financial Services Stock Up 1.6 %

NYSE DFS traded up $2.03 during trading hours on Friday, hitting $127.70. The company had a trading volume of 1,154,892 shares, compared to its average volume of 1,204,117. The firm’s 50 day moving average is $123.80 and its 200 day moving average is $107.38. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.05 and a quick ratio of 1.13. Discover Financial Services has a fifty-two week low of $79.04 and a fifty-two week high of $131.65. The company has a market capitalization of $32.00 billion, a price-to-earnings ratio of 14.56, a P/E/G ratio of 0.77 and a beta of 1.45.

Discover Financial Services (NYSE:DFS) last released its quarterly earnings results on Thursday, April 18th. The financial services provider reported $1.10 EPS for the quarter, missing the consensus estimate of $2.98 by ($1.88). The company had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.07 billion. Discover Financial Services had a return on equity of 16.74% and a net margin of 10.56%. During the same period last year, the firm posted $3.58 earnings per share. Sell-side analysts anticipate that Discover Financial Services will post 11.39 earnings per share for the current fiscal year.

Discover Financial Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 23rd will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Wednesday, May 22nd. Discover Financial Services’s payout ratio is currently 31.93%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Wolfe Research restated a “peer perform” rating on shares of Discover Financial Services in a research note on Wednesday, February 21st. Deutsche Bank Aktiengesellschaft dropped their target price on Discover Financial Services from $140.00 to $111.00 and set a “hold” rating on the stock in a research report on Friday, January 19th. HSBC upped 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. JPMorgan Chase & Co. raised their target price on Discover Financial Services from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Finally, Morgan Stanley raised shares of Discover Financial Services from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $105.00 to $133.00 in a research note on Thursday, February 8th. Twelve analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $126.29.

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; 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.