Thurston Springer Miller Herd & Titak Inc. reduced its position in shares of Discover Financial Services (NYSE:DFS - Free Report) by 98.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 150 shares of the financial services provider's stock after selling 8,000 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in Discover Financial Services were worth $26,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. DiNuzzo Private Wealth Inc. boosted its holdings in Discover Financial Services by 506.5% during the third quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider's stock worth $26,000 after buying an additional 157 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Discover Financial Services during the 3rd quarter worth $30,000. Pinnacle Bancorp Inc. grew its holdings in shares of Discover Financial Services by 37.1% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 292 shares of the financial services provider's stock worth $41,000 after acquiring an additional 79 shares during the last quarter. Venturi Wealth Management LLC raised its position in shares of Discover Financial Services by 27.4% during the third quarter. Venturi Wealth Management LLC now owns 316 shares of the financial services provider's stock worth $44,000 after purchasing an additional 68 shares during the period. Finally, Friedenthal Financial purchased a new stake in shares of Discover Financial Services during the fourth quarter valued at $51,000. 86.94% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
DFS has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their price objective on Discover Financial Services from $150.00 to $146.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. UBS Group upgraded shares of Discover Financial Services from a "neutral" rating to a "buy" rating and upped their price target for the company from $150.00 to $239.00 in a research report on Monday, January 13th. Evercore ISI lifted their price objective on shares of Discover Financial Services from $156.00 to $163.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 30th. Barclays upgraded Discover Financial Services from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $137.00 to $186.00 in a report on Monday, January 6th. Finally, Keefe, Bruyette & Woods lifted their price target on Discover Financial Services from $170.00 to $232.00 and gave the company an "outperform" rating in a report on Monday, December 9th. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $164.75.
Read Our Latest Report on DFS
Discover Financial Services Stock Up 1.2 %
Shares of NYSE:DFS traded up $2.13 on Friday, reaching $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 quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $47.04 billion, a P/E ratio of 15.11, a P/E/G ratio of 0.99 and a beta of 1.46. The stock has a 50-day moving average price of $176.94 and a 200 day moving average price of $152.41. Discover Financial Services has a twelve month low of $96.46 and a twelve month high of $189.27.
Discover Financial Services (NYSE:DFS - Get Free Report) last announced its earnings results on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.28 by $0.41. Discover Financial Services had a return on equity of 22.08% and a net margin of 13.78%. The firm had revenue of $5.91 billion during the quarter, compared to analysts' expectations of $4.36 billion. During the same quarter in the prior year, the business earned $2.59 earnings per share. On average, equities analysts expect that Discover Financial Services will post 14.17 EPS for the current year.
About Discover Financial Services
(
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.
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