Trust Investment Advisors Has $1.44 Million Holdings in Discover Financial Services (NYSE:DFS)

Trust Investment Advisors grew its holdings in Discover Financial Services (NYSE:DFS) by 5.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,299 shares of the financial services provider’s stock after purchasing an additional 622 shares during the period. Trust Investment Advisors’ holdings in Discover Financial Services were worth $1,437,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Modera Wealth Management LLC acquired a new stake in shares of Discover Financial Services in the second quarter valued at approximately $263,000. Rothschild Investment Corp IL grew its stake in shares of Discover Financial Services by 12.9% in the second quarter. Rothschild Investment Corp IL now owns 2,530 shares of the financial services provider’s stock valued at $296,000 after buying an additional 290 shares in the last quarter. B. Metzler seel. Sohn & Co. AG grew its stake in shares of Discover Financial Services by 0.9% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 32,453 shares of the financial services provider’s stock valued at $3,208,000 after buying an additional 275 shares in the last quarter. Duality Advisers LP bought a new position in shares of Discover Financial Services in the first quarter valued at $805,000. Finally, Financial Advocates Investment Management grew its stake in shares of Discover Financial Services by 3.5% in the first quarter. Financial Advocates Investment Management now owns 5,729 shares of the financial services provider’s stock valued at $566,000 after buying an additional 193 shares in the last quarter. 83.63% of the stock is currently owned by institutional investors and hedge funds.

Discover Financial Services Price Performance

DFS stock traded up $2.18 during midday trading on Friday, reaching $86.38. The company had a trading volume of 1,266,550 shares, compared to its average volume of 2,366,935. The company has a market capitalization of $21.60 billion, a price-to-earnings ratio of 6.41, a price-to-earnings-growth ratio of 1.65 and a beta of 1.44. The stock has a 50 day moving average price of $86.56 and a 200-day moving average price of $98.37. Discover Financial Services has a 1-year low of $79.04 and a 1-year high of $122.50. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.12 and a quick ratio of 1.12.

Discover Financial Services (NYSE:DFS) last posted its quarterly earnings results on Thursday, October 19th. The financial services provider reported $2.59 EPS for the quarter, missing analysts’ consensus estimates of $3.18 by ($0.59). The company had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.95 billion. Discover Financial Services had a net margin of 18.39% and a return on equity of 27.23%. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period last year, the firm earned $3.54 EPS. Equities research analysts expect that Discover Financial Services will post 12.49 earnings per share for the current year.

Discover Financial Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Wednesday, November 22nd will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend is Tuesday, November 21st. Discover Financial Services’s payout ratio is 20.77%.

Analyst Ratings Changes

Several research firms recently weighed in on DFS. HSBC began coverage on shares of Discover Financial Services in a research note on Friday, October 13th. They issued a “buy” rating and a $104.00 target price for the company. Piper Sandler reduced their price objective on shares of Discover Financial Services from $100.00 to $96.00 and set a “neutral” rating for the company in a research report on Friday, October 20th. Stephens reduced their price objective on shares of Discover Financial Services from $116.00 to $98.00 and set an “equal weight” rating for the company in a research report on Friday, October 20th. StockNews.com started coverage on shares of Discover Financial Services in a research report on Thursday, October 5th. They set a “hold” rating for the company. Finally, Citigroup reduced their price objective on shares of Discover Financial Services from $94.00 to $93.00 and set a “neutral” rating for the company in a research report on Friday, October 20th. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Discover Financial Services has a consensus rating of “Hold” and an average target price of $104.53.

Discover Financial Services Company 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.