Wisconsin Capital Management LLC Decreases Stake in Discover Financial Services (NYSE:DFS)

Wisconsin Capital Management LLC decreased its holdings in Discover Financial Services (NYSE:DFS) by 1.5% in the 4th quarter, HoldingsChannel reports. The fund owned 37,590 shares of the financial services provider’s stock after selling 575 shares during the quarter. Discover Financial Services comprises about 2.5% of Wisconsin Capital Management LLC’s investment portfolio, making the stock its 21st biggest holding. Wisconsin Capital Management LLC’s holdings in Discover Financial Services were worth $4,225,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Bruce G. Allen Investments LLC purchased a new position in shares of Discover Financial Services in the 4th quarter valued at about $28,000. Pinnacle Bancorp Inc. increased its holdings in Discover Financial Services by 282.0% in the third quarter. Pinnacle Bancorp Inc. now owns 382 shares of the financial services provider’s stock valued at $33,000 after buying an additional 282 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in Discover Financial Services in the fourth quarter valued at about $35,000. First Command Advisory Services Inc. acquired a new stake in shares of Discover Financial Services during the 3rd quarter valued at approximately $39,000. Finally, Larson Financial Group LLC grew its holdings in shares of Discover Financial Services by 105.8% in the 3rd quarter. Larson Financial Group LLC now owns 465 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 239 shares during the period. Institutional investors and hedge funds own 86.94% of the company’s stock.

Insider Activity

In related news, CFO John Greene sold 35,191 shares of Discover Financial Services stock in a transaction on Friday, January 26th. The stock was sold at an average price of $106.51, for a total value of $3,748,193.41. Following the transaction, the chief financial officer now directly owns 18,592 shares in the company, valued at approximately $1,980,233.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.69% of the company’s stock.

Discover Financial Services Price Performance

Shares of Discover Financial Services stock traded down $3.34 during trading on Thursday, hitting $125.68. The stock had a trading volume of 1,448,616 shares, compared to its average volume of 2,215,735. The business has a fifty day moving average of $123.45 and a two-hundred day moving average of $107.01. Discover Financial Services has a fifty-two week low of $79.04 and a fifty-two week high of $131.65. The firm has a market cap of $31.49 billion, a P/E ratio of 14.33, a PEG ratio of 0.78 and a beta of 1.45. 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 (NYSE:DFS) last posted its quarterly earnings data 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). Discover Financial Services had a net margin of 10.56% and a return on equity of 16.74%. The business had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $4.07 billion. During the same quarter last year, the business posted $3.58 EPS. On average, sell-side analysts expect 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. Shareholders of record on Thursday, May 23rd will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $2.80 annualized dividend and a dividend yield of 2.23%. Discover Financial Services’s dividend payout ratio is currently 31.93%.

Analyst Ratings Changes

DFS has been the topic of a number of research analyst reports. StockNews.com began coverage on Discover Financial Services in a research report on Thursday, April 18th. They set a “hold” rating on the stock. Seaport Res Ptn downgraded shares of Discover Financial Services from a “buy” rating to a “neutral” rating in a report on Friday, March 15th. Piper Sandler increased their target price on Discover Financial Services from $127.00 to $145.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $140.00 price objective (up previously from $117.00) on shares of Discover Financial Services in a research report on Wednesday, February 21st. Finally, HSBC increased their target price on Discover Financial Services from $107.00 to $144.00 and gave the stock a “hold” rating in a research report on Thursday, March 21st. Twelve equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $126.29.

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; 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.