Northwestern Mutual Funding Administration Firm LLC decreased its holdings in Discover Financial Services (NYSE:DFS) by 1.three% in the course of the third quarter, in response to its most up-to-date submitting with the Securities and Change Fee (SEC). The institutional investor owned 12,118 shares of the monetary providers supplier’s inventory after promoting 161 shares in the course of the quarter. Northwestern Mutual Funding Administration Firm LLC’s holdings in Uncover Monetary Companies have been price $983,00zero on the finish of the latest quarter.
A number of different hedge funds and different institutional traders have additionally added to or decreased their stakes within the inventory. Virtus ETF Advisers LLC acquired a brand new place in Uncover Monetary Companies in the course of the 2nd quarter valued at $27,00zero. Government Wealth Administration LLC raised its stake in shares of Uncover Monetary Companies by 122.four% within the third quarter. Government Wealth Administration LLC now owns 367 shares of the monetary providers supplier’s inventory valued at $29,00zero after shopping for an extra 202 shares within the final quarter. Semmax Monetary Advisors Inc. raised its stake in shares of Uncover Monetary Companies by 75.6% within the 2nd quarter. Semmax Monetary Advisors Inc. now owns 418 shares of the monetary providers supplier’s inventory valued at $32,00zero after shopping for an extra 180 shares within the final quarter. Subsequent Capital Administration LLC acquired a brand new place in shares of Uncover Monetary Companies within the 2nd quarter valued at $34,00zero. Lastly, Doyle Wealth Administration acquired a brand new place in shares of Uncover Monetary Companies within the 2nd quarter valued at $35,00zero. Institutional traders and hedge funds personal 84.92% of the corporate’s inventory.
Discover Financial Services stock opened at $84.87 on Friday. The corporate has a debt-to-equity ratio of two.19, a present ratio of 1.28 and a fast ratio of 1.28. The agency has a market capitalization of $26.68 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 1.27 and a beta of 1.62. The corporate’s 50 day easy transferring common is $81.93 and its 200 day easy transferring common is $80.89. Uncover Monetary Companies has a fifty-two week low of $54.36 and a fifty-two week excessive of $92.98.
Uncover Monetary Companies (NYSE:DFS) final introduced its earnings outcomes on Tuesday, October 22nd. The monetary providers supplier reported $2.36 EPS for the quarter, topping the consensus estimate of $2.29 by $zero.07. Uncover Monetary Companies had a internet margin of 20.97% and a return on fairness of 26.79%. The agency had income of $2.90 billion for the quarter, in comparison with the consensus estimate of $2.89 billion. Throughout the identical interval final 12 months, the corporate posted $2.05 EPS. The enterprise’s quarterly income was up 6.5% on a year-over-year foundation. As a bunch, analysts predict that Uncover Monetary Companies will submit 9.06 EPS for the present fiscal 12 months.
The corporate additionally lately introduced a quarterly dividend, which can be paid on Thursday, December fifth. Buyers of file on Thursday, November 21st can be paid a $zero.44 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.76 annualized dividend and a dividend yield of two.07%. Uncover Monetary Companies’s dividend payout ratio is presently 22.59%.
Plenty of equities analysts have lately issued studies on DFS shares. Credit score Suisse Group elevated their worth goal on shares of Uncover Monetary Companies from $98.00 to $99.00 and gave the corporate an “outperform” score in a analysis observe on Wednesday, October 23rd. Wells Fargo & Co elevated their worth goal on shares of Uncover Monetary Companies from $81.00 to $86.00 and gave the corporate a “market carry out” score in a analysis observe on Wednesday, October 23rd. Zacks Investment Research upgraded shares of Uncover Monetary Companies from a “maintain” score to a “purchase” score and set a $86.00 worth goal for the corporate in a analysis observe on Monday, September ninth. JPMorgan Chase & Co. elevated their goal worth on shares of Uncover Monetary Companies from $85.00 to $90.00 and gave the inventory an “chubby” score in a analysis report on Wednesday, October 23rd. Lastly, ValuEngine reduce shares of Uncover Monetary Companies from a “maintain” score to a “promote” score in a analysis report on Wednesday, September 25th. One analysis analyst has rated the inventory with a promote score, 9 have assigned a maintain score and 9 have assigned a purchase score to the corporate. The corporate has a median score of “Maintain” and a median goal worth of $86.65.
Uncover Monetary Companies Profile
Uncover Monetary Companies, via its subsidiaries, operates as a direct banking and fee providers firm in america. The Direct Banking section gives Uncover-branded bank cards to people; and different client services, together with non-public scholar loans, private loans, house fairness loans, and different client lending, in addition to deposit merchandise, corresponding to certificates of deposit, cash market accounts, financial savings accounts, checking accounts, and particular person retirement association certificates of deposit.
See Additionally: Lock-Up Period Expiration
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