Sanibel Captiva Trust Company Inc. decreased its holdings in shares of Discover Financial Services (NYSE:DFS - Free Report) by 9.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,826 shares of the financial services provider's stock after selling 1,615 shares during the period. Sanibel Captiva Trust Company Inc.'s holdings in Discover Financial Services were worth $2,742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Merit Financial Group LLC purchased a new stake in shares of Discover Financial Services during the fourth quarter worth approximately $221,000. Avanza Fonder AB purchased a new position in shares of Discover Financial Services in the fourth quarter worth about $3,309,000. Decker Retirement Planning Inc. purchased a new stake in Discover Financial Services during the 4th quarter valued at about $47,000. Carnegie Investment Counsel acquired a new stake in Discover Financial Services in the 4th quarter valued at about $209,000. Finally, Sendero Wealth Management LLC lifted its stake in Discover Financial Services by 24.3% in the 4th quarter. Sendero Wealth Management LLC now owns 2,841 shares of the financial services provider's stock worth $492,000 after purchasing an additional 555 shares in the last quarter. Institutional investors and hedge funds own 86.94% of the company's stock.
Analyst Ratings Changes
DFS has been the subject of a number of analyst reports. Evercore ISI upped their price target on Discover Financial Services from $156.00 to $163.00 and gave the company an "in-line" rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. cut their target price on Discover Financial Services from $150.00 to $146.00 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods increased their price target on shares of Discover Financial Services from $170.00 to $232.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. Wells Fargo & Company upped their price target on Discover Financial Services from $160.00 to $185.00 and gave the company an "equal weight" rating in a research note on Friday, January 3rd. Finally, Truist Financial began coverage on Discover Financial Services in a research report on Tuesday, January 7th. They set a "buy" rating and a $233.00 price objective for the company. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $164.75.
Read Our Latest Stock Analysis on DFS
Discover Financial Services Stock Up 1.2 %
Shares of NYSE DFS traded up $2.13 during mid-day trading on Friday, hitting $187.17. The company had a trading volume of 1,610,061 shares, compared to its average volume of 1,046,423. The company has a market capitalization of $47.04 billion, a PE ratio of 15.11, a price-to-earnings-growth ratio of 0.99 and a beta of 1.46. The business's 50-day simple moving average is $176.94 and its 200 day simple moving average is $152.41. Discover Financial Services has a 1-year low of $96.46 and a 1-year high of $189.27. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.10 and a quick ratio of 1.03.
Discover Financial Services (NYSE:DFS - Get Free Report) last announced its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.28 by $0.41. The business had revenue of $5.91 billion during the quarter, compared to analysts' expectations of $4.36 billion. Discover Financial Services had a return on equity of 22.08% and a net margin of 13.78%. During the same quarter last year, the business posted $2.59 EPS. On average, analysts predict that Discover Financial Services will post 14.17 earnings per share for the current year.
Discover Financial Services Company Profile
(
Free Report)
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.
See Also
Before you consider Discover Financial Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Discover Financial Services wasn't on the list.
While Discover Financial Services currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
