From MarketBeat:

Discover Financial Services (NYSE:DFS) declared a quarterly dividend on January 17th, paying out $0.70 per share on March 7th. The company has been steadily raising its dividend and has an expected future payout ratio of 22.4%. Discover Financial Services stock traded down 0.8% to $108.74 on Wednesday. The firm also reported missed earnings in the quarter.

Analysts expect Discover Financial Services to earn $12.48 per share next year. Despite missing earnings expectations, the company boasts a net margin of 18.39% and a return on equity of 27.23%. Analyst coverage on the stock is mixed, with eight holding and nine buying ratings and an average price target of $111.24.

Institutional traders including Compass Wealth Management and Penserra Capital Management have bought various amounts of Discover Financial Services shares. The company holds a total of 83.63% stake from institutional investors. Discover Financial Services operates through two segments, Digital Banking, and Payment Services. The Digital Banking segment issues credit cards and offers lending and deposit products.

Discover Financial Services is expanding its dividends and has steady financials and earnings, but the stock is facing a mixed rating from Wall Street analysts. The company also had a significant increase in institutional trading activity, with institutional investors holding over 80% of the company’s shares.



Read more: Discover Financial Services (NYSE:DFS) to Issue Quarterly Dividend of $0.70