Discover Financial Services (NYSE:DFS) Stock Holdings Trimmed by Capital International Investors

Capital International Investors lowered its position in Discover Financial Services (NYSE:DFS - Free Report) by 5.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,785,443 shares of the financial services provider's stock after selling 93,233 shares during the period. Capital International Investors owned 0.71% of Discover Financial Services worth $309,292,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Norges Bank acquired a new position in Discover Financial Services in the 4th quarter valued at about $724,720,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in Discover Financial Services in the fourth quarter valued at $351,766,000. Invesco Ltd. grew its position in shares of Discover Financial Services by 38.5% during the fourth quarter. Invesco Ltd. now owns 2,974,471 shares of the financial services provider's stock worth $515,268,000 after buying an additional 826,287 shares in the last quarter. Bank of Nova Scotia grew its stake in shares of Discover Financial Services by 208.9% during the fourth quarter. Bank of Nova Scotia now owns 561,405 shares of the financial services provider's stock worth $97,252,000 after purchasing an additional 379,673 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Discover Financial Services by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 31,045,208 shares of the financial services provider's stock worth $5,377,961,000 after buying an additional 290,937 shares during the last quarter. Hedge funds and other institutional investors own 86.94% of the company's stock.

Analyst Ratings Changes

DFS has been the subject of a number of research reports. Barclays boosted their price objective on Discover Financial Services from $186.00 to $209.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Truist Financial reduced their price target on Discover Financial Services from $262.00 to $219.00 and set a "buy" rating for the company in a report on Friday, March 21st. JPMorgan Chase & Co. dropped their target price on shares of Discover Financial Services from $169.00 to $129.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. StockNews.com downgraded shares of Discover Financial Services from a "buy" rating to a "hold" rating in a report on Tuesday, April 15th. Finally, Wells Fargo & Company boosted their price target 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. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $188.00.

Discover Financial Services Stock Performance

DFS stock traded up $8.53 during midday trading on Thursday, reaching $187.22. The company had a trading volume of 1,848,074 shares, compared to its average volume of 2,117,087. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The stock has a 50 day moving average price of $170.27 and a 200 day moving average price of $173.02. The firm has a market capitalization of $47.11 billion, a PE ratio of 11.73, a P/E/G ratio of 1.51 and a beta of 1.20. Discover Financial Services has a fifty-two week low of $119.95 and a fifty-two week high of $205.76.

Discover Financial Services (NYSE:DFS - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The financial services provider reported $4.25 earnings per share for the quarter, topping the consensus estimate of $3.33 by $0.92. The firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.25 billion. Discover Financial Services had a return on equity of 26.18% and a net margin of 17.29%. Analysts anticipate that Discover Financial Services will post 13.88 earnings per share for the current year.

Discover Financial Services Company Profile

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.