Ossiam Sells 1,795 Shares of Discover Financial Services (NYSE:DFS)

Ossiam reduced its stake in Discover Financial Services (NYSE:DFS - Free Report) by 30.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,043 shares of the financial services provider's stock after selling 1,795 shares during the period. Ossiam's holdings in Discover Financial Services were worth $700,000 at the end of the most recent reporting period.

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

Discover Financial Services Stock Down 1.3 %

DFS stock traded down $2.44 during midday trading on Friday, hitting $185.02. The stock had a trading volume of 1,546,838 shares, compared to its average volume of 1,610,533. The firm has a market cap of $46.55 billion, a price-to-earnings ratio of 11.59, a price-to-earnings-growth ratio of 1.51 and a beta of 1.20. The business has a 50-day moving average of $169.86 and a two-hundred day moving average of $174.05. Discover Financial Services has a 52-week low of $119.95 and a 52-week high of $205.76. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.03.

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Barclays lifted their price target on Discover Financial Services from $186.00 to $209.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Royal Bank of Canada boosted their target price on Discover Financial Services from $193.00 to $210.00 and gave the company a "sector perform" rating in a research note on Friday, January 24th. Truist Financial boosted their target price on Discover Financial Services from $219.00 to $229.00 and gave the company a "buy" rating in a research note on Friday. UBS Group raised Discover Financial Services from a "neutral" rating to a "buy" rating and boosted their target price for the company from $150.00 to $239.00 in a research note on Monday, January 13th. Finally, Wells Fargo & Company boosted their target price on Discover Financial Services from $185.00 to $214.00 and gave the company an "equal weight" rating in a research note on Friday, January 24th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, Discover Financial Services currently has a consensus rating of "Hold" and an average target price of $188.91.

Discover Financial Services 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.