YHB Investment Advisors Inc. Makes New $225,000 Investment in Discover Financial Services (NYSE:DFS)

YHB Investment Advisors Inc. acquired a new stake in shares of Discover Financial Services (NYSE:DFS) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,296 shares of the financial services provider’s stock, valued at approximately $225,000.

Other hedge funds also recently made changes to their positions in the company. DiNuzzo Private Wealth Inc. raised its position in Discover Financial Services by 506.5% during the third quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 157 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Discover Financial Services during the 3rd quarter valued at about $30,000. Grove Bank & Trust lifted its position in Discover Financial Services by 78.1% in the 4th quarter. Grove Bank & Trust now owns 203 shares of the financial services provider’s stock worth $35,000 after buying an additional 89 shares during the last quarter. Pinnacle Bancorp Inc. boosted its stake in Discover Financial Services by 37.1% in the third quarter. Pinnacle Bancorp Inc. now owns 292 shares of the financial services provider’s stock worth $41,000 after buying an additional 79 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its position in Discover Financial Services by 27.4% during the third quarter. Venturi Wealth Management LLC now owns 316 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 68 shares during the last quarter. 86.94% of the stock is owned by institutional investors.

Discover Financial Services Trading Down 0.2 %

NYSE:DFS opened at $199.84 on Wednesday. The company has a 50-day moving average price of $179.36 and a 200-day moving average price of $155.35. The stock has a market cap of $50.22 billion, a price-to-earnings ratio of 12.52, a P/E/G ratio of 1.15 and a beta of 1.46. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. Discover Financial Services has a 12 month low of $104.08 and a 12 month high of $204.93.

Discover Financial Services (NYSE:DFS) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $5.11 EPS for the quarter, topping 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 27.52%. Equities analysts predict that Discover Financial Services will post 12.82 EPS for the current year.

Discover Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be paid a $0.70 dividend. The ex-dividend date is Friday, May 23rd. This represents a $2.80 annualized dividend and a yield of 1.40%. Discover Financial Services’s payout ratio is 17.54%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on DFS shares. Barclays boosted their price objective on shares of Discover Financial Services from $186.00 to $209.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Truist Financial upped their price target on shares of Discover Financial Services from $233.00 to $262.00 and gave the company a “buy” rating in a research report on Monday. Evercore ISI raised their price objective on Discover Financial Services from $156.00 to $163.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. UBS Group raised Discover Financial Services from a “neutral” rating to a “buy” rating and boosted their target price for the company from $150.00 to $239.00 in a research note on Monday, January 13th. Finally, Wells Fargo & Company raised their price target on Discover Financial Services from $185.00 to $214.00 and gave the stock an “equal weight” rating in a research report on Friday, January 24th. Ten research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $182.64.

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; 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.