Tokio Marine Asset Management Co. Ltd. Has $1.07 Million Stock Position in Discover Financial Services (NYSE:DFS)

Tokio Marine Asset Management Co. Ltd. grew its position in Discover Financial Services (NYSE:DFS) by 1.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 7,647 shares of the financial services provider’s stock after buying an additional 140 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Discover Financial Services were worth $1,073,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Elser Financial Planning Inc acquired a new stake in shares of Discover Financial Services during the second quarter worth $91,044,000. Magnetar Financial LLC acquired a new stake in shares of Discover Financial Services during the first quarter worth $71,693,000. Samlyn Capital LLC grew its stake in shares of Discover Financial Services by 368.0% during the second quarter. Samlyn Capital LLC now owns 646,691 shares of the financial services provider’s stock worth $84,594,000 after purchasing an additional 508,504 shares during the period. National Bank of Canada FI grew its stake in shares of Discover Financial Services by 430.5% during the first quarter. National Bank of Canada FI now owns 443,707 shares of the financial services provider’s stock worth $54,752,000 after purchasing an additional 360,074 shares during the period. Finally, Natixis grew its stake in shares of Discover Financial Services by 1,041.9% during the first quarter. Natixis now owns 233,852 shares of the financial services provider’s stock worth $30,656,000 after purchasing an additional 213,373 shares during the period. 86.94% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on DFS shares. JPMorgan Chase & Co. lifted their target price on Discover Financial Services from $132.00 to $135.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. StockNews.com lowered Discover Financial Services from a “buy” rating to a “hold” rating in a report on Monday, November 4th. BMO Capital Markets boosted their price target on Discover Financial Services from $115.00 to $119.00 and gave the company a “market perform” rating in a report on Friday, July 19th. Evercore ISI boosted their price target on Discover Financial Services from $156.00 to $163.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada upped their target price on Discover Financial Services from $148.00 to $161.00 and gave the stock a “sector perform” rating in a report on Friday, October 18th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $138.81.

Discover Financial Services Price Performance

DFS stock opened at $176.02 on Friday. Discover Financial Services has a 1 year low of $84.03 and a 1 year high of $188.26. The company has a market cap of $44.19 billion, a P/E ratio of 14.21, a PEG ratio of 1.13 and a beta of 1.41. The firm has a 50-day moving average of $146.95 and a 200 day moving average of $135.58. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.08 and a quick ratio of 1.04.

Discover Financial Services (NYSE:DFS) last announced its earnings results on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share for the quarter, beating analysts’ consensus estimates of $3.28 by $0.41. The business had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $4.36 billion. Discover Financial Services had a net margin of 13.78% and a return on equity of 21.38%. During the same quarter last year, the firm earned $2.59 earnings per share. On average, sell-side analysts forecast that Discover Financial Services will post 13.22 EPS for the current year.

Discover Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Thursday, November 21st. Discover Financial Services’s dividend payout ratio is presently 22.60%.

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; 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.