OLD Second National Bank of Aurora Has $2.77 Million Holdings in Discover Financial Services (NYSE:DFS)

OLD Second National Bank of Aurora trimmed its position in shares of Discover Financial Services (NYSE:DFS) by 3.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,758 shares of the financial services provider’s stock after selling 715 shares during the period. OLD Second National Bank of Aurora’s holdings in Discover Financial Services were worth $2,772,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in DFS. Opal Wealth Advisors LLC bought a new stake in Discover Financial Services during the second quarter worth about $26,000. DiNuzzo Private Wealth Inc. raised its position in shares of Discover Financial Services by 506.5% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 157 shares during the last quarter. Y.D. More Investments Ltd raised its position in shares of Discover Financial Services by 147.8% in the 2nd quarter. Y.D. More Investments Ltd now owns 223 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 133 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in shares of Discover Financial Services by 72.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 226 shares of the financial services provider’s stock valued at $30,000 after buying an additional 95 shares in the last quarter. Finally, Larson Financial Group LLC lifted its stake in Discover Financial Services by 348.2% in the second quarter. Larson Financial Group LLC now owns 251 shares of the financial services provider’s stock valued at $33,000 after buying an additional 195 shares in the last quarter. Institutional investors own 86.94% of the company’s stock.

Analyst Upgrades and Downgrades

DFS has been the topic of several analyst reports. JPMorgan Chase & Co. upped 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. Barclays boosted their price target on Discover Financial Services from $135.00 to $137.00 and gave the stock an “equal weight” rating in a report on Friday, July 19th. BMO Capital Markets upped their price objective on Discover Financial Services from $115.00 to $119.00 and gave the company a “market perform” rating in a research note on Friday, July 19th. StockNews.com lowered Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. Finally, Evercore ISI boosted 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. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $138.81.

Discover Financial Services Stock Down 2.1 %

Discover Financial Services stock opened at $177.67 on Wednesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.04 and a current ratio of 1.08. The stock has a market cap of $44.61 billion, a PE ratio of 14.34, a price-to-earnings-growth ratio of 1.17 and a beta of 1.41. Discover Financial Services has a fifty-two week low of $82.68 and a fifty-two week high of $188.26. The firm’s 50-day simple moving average is $145.33 and its 200 day simple moving average is $135.04.

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, topping analysts’ consensus estimates of $3.28 by $0.41. The firm had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $4.36 billion. Discover Financial Services had a return on equity of 21.38% and a net margin of 13.78%. During the same quarter in the previous year, the business earned $2.59 EPS. Research analysts predict that Discover Financial Services will post 13.22 EPS for the current fiscal year.

Discover Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.58%. 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.