阿拉巴馬州退休制度降低了發現金融服務公司(紐約證券交易所代碼：DFS)的地位

Retirement Systems of Alabama decreased its stake in shares of Discover Financial Services (NYSE:DFS) by 1.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 95,423 shares of the financial services provider's stock after selling 1,688 shares during the quarter. Retirement Systems of Alabama's holdings in Discover Financial Services were worth $10,515,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Camelot Portfolios LLC increased its position in Discover Financial Services by 3.3% during the first quarter. Camelot Portfolios LLC now owns 21,274 shares of the financial services provider's stock worth $2,344,000 after buying an additional 675 shares in the last quarter. Koshinski Asset Management Inc. grew its position in shares of Discover Financial Services by 15.6% in the first quarter. Koshinski Asset Management Inc. now owns 680 shares of the financial services provider's stock valued at $75,000 after purchasing an additional 92 shares during the period. Valicenti Advisory Services Inc. grew its position in shares of Discover Financial Services by 1.1% in the first quarter. Valicenti Advisory Services Inc. now owns 66,062 shares of the financial services provider's stock valued at $7,279,000 after purchasing an additional 746 shares during the period. Polaris Wealth Advisory Group LLC purchased a new stake in shares of Discover Financial Services in the first quarter valued at $39,524,000. Finally, PFG Advisors purchased a new stake in shares of Discover Financial Services in the first quarter valued at $1,132,000. 85.53% of the stock is owned by institutional investors.

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A number of equities research analysts have recently commented on DFS shares. StockNews.com assumed coverage on Discover Financial Services in a research report on Thursday, March 31st. They issued a "hold" rating for the company. Wells Fargo & Company reduced their target price on Discover Financial Services from $135.00 to $127.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 6th. Wolfe Research cut Discover Financial Services from an "outperform" rating to a "peer perform" rating and set a $97.00 target price on the stock. in a report on Thursday, May 12th. Morgan Stanley reduced their target price on Discover Financial Services from $144.00 to $127.00 and set an "equal weight" rating on the stock in a report on Monday, March 28th. Finally, Piper Sandler reduced their target price on Discover Financial Services from $139.00 to $127.00 and set an "overweight" rating on the stock in a report on Wednesday, June 29th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $138.69.

Shares of Discover Financial Services stock opened at $97.69 on Tuesday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.38. The firm has a market cap of $27.45 billion, a P/E ratio of 5.76, a P/E/G ratio of 0.22 and a beta of 1.48. Discover Financial Services has a fifty-two week low of $88.02 and a fifty-two week high of $135.69. The business has a 50-day moving average price of $104.60 and a 200 day moving average price of $112.33.

Discover Financial Services (NYSE:DFS – Get Rating) last announced its quarterly earnings data on Wednesday, April 27th. The financial services provider reported $4.22 earnings per share for the quarter, beating the consensus estimate of $3.58 by $0.64. The firm had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.99 billion. Discover Financial Services had a return on equity of 41.57% and a net margin of 38.42%. Discover Financial Services's quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the company earned $5.04 earnings per share. As a group, equities research analysts anticipate that Discover Financial Services will post 14.88 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, June 9th. Stockholders of record on Thursday, May 26th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, May 25th. This is a positive change from Discover Financial Services's previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a dividend yield of 2.46%. Discover Financial Services's dividend payout ratio is 14.16%.

Discover Financial Services Profile (Get Rating)

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.

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