Boothbay Fund Management LLC Reduces Holdings in Discover Financial Services (NYSE:DFS)

Boothbay Fund Management LLC lessened its holdings in Discover Financial Services (NYSE:DFS - Free Report) by 2.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 62,862 shares of the financial services provider's stock after selling 1,620 shares during the period. Boothbay Fund Management LLC's holdings in Discover Financial Services were worth $10,890,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in Discover Financial Services in the 4th quarter valued at approximately $38,489,000. Brookstone Capital Management purchased a new stake in shares of Discover Financial Services in the fourth quarter valued at $282,000. Meyer Handelman Co. acquired a new stake in shares of Discover Financial Services during the fourth quarter valued at $239,000. Mechanics Bank Trust Department purchased a new stake in Discover Financial Services during the 4th quarter worth about $234,000. Finally, JBGlobal.com LLC acquired a new position in Discover Financial Services in the 4th quarter valued at about $346,000. 86.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DFS. StockNews.com downgraded shares of Discover Financial Services from a "buy" rating to a "hold" rating in a report on Tuesday, April 15th. UBS Group raised shares of Discover Financial Services from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $150.00 to $239.00 in a research note on Monday, January 13th. TD Securities cut their price target on Discover Financial Services from $188.00 to $184.00 and set a "buy" rating for the company in a report on Thursday. Wells Fargo & Company raised their price objective on Discover Financial Services from $185.00 to $214.00 and gave the stock an "equal weight" rating in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. dropped their target price on Discover Financial Services from $169.00 to $129.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Discover Financial Services has a consensus rating of "Hold" and an average target price of $188.91.

Discover Financial Services Stock Down 1.3 %

Shares of NYSE:DFS opened at $185.02 on Friday. The stock has a 50-day simple moving average of $169.86 and a 200-day simple moving average of $173.61. The stock has a market capitalization of $46.55 billion, a P/E ratio of 11.59, a PEG ratio of 1.51 and a beta of 1.20. Discover Financial Services has a 1 year low of $119.95 and a 1 year high of $205.76. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.09.

Discover Financial Services (NYSE:DFS - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $4.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.33 by $0.92. Discover Financial Services had a net margin of 17.29% and a return on equity of 26.18%. The company had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.25 billion. Equities analysts forecast that Discover Financial Services will post 13.88 earnings per share for the current year.

About Discover Financial Services

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.

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