Oak Thistle LLC Decreases Stock Position in Discover Financial Services (NYSE:DFS)

Oak Thistle LLC cut its position in Discover Financial Services (NYSE:DFS) by 5.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,866 shares of the financial services provider’s stock after selling 266 shares during the period. Oak Thistle LLC’s holdings in Discover Financial Services were worth $843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Acadian Asset Management LLC lifted its holdings in Discover Financial Services by 3,445.0% during the second quarter. Acadian Asset Management LLC now owns 5,991 shares of the financial services provider’s stock valued at $783,000 after purchasing an additional 5,822 shares during the last quarter. Thoroughbred Financial Services LLC bought a new position in Discover Financial Services in the 2nd quarter worth approximately $266,000. J.W. Cole Advisors Inc. purchased a new position in Discover Financial Services in the 2nd quarter valued at approximately $342,000. Citizens Financial Group Inc. RI raised its holdings in Discover Financial Services by 146.0% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 3,889 shares of the financial services provider’s stock valued at $509,000 after acquiring an additional 2,308 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of Discover Financial Services by 25.8% during the second quarter. Renaissance Technologies LLC now owns 225,600 shares of the financial services provider’s stock worth $29,511,000 after acquiring an additional 46,300 shares in the last quarter. Institutional investors own 86.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on DFS shares. Barclays upgraded Discover Financial Services from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $137.00 to $186.00 in a research note on Monday, January 6th. 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 report on Friday, January 3rd. StockNews.com downgraded shares of Discover Financial Services from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Truist Financial assumed coverage on shares of Discover Financial Services in a research note on Tuesday, January 7th. They set a “buy” rating and a $233.00 price objective for the company. Finally, Evercore ISI increased their target price on shares of Discover Financial Services from $156.00 to $163.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Eleven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Discover Financial Services presently has an average rating of “Hold” and an average target price of $164.75.

Discover Financial Services Price Performance

DFS opened at $187.49 on Thursday. The company has a current ratio of 1.08, a quick ratio of 1.04 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $47.12 billion, a P/E ratio of 15.13, a PEG ratio of 1.12 and a beta of 1.46. The stock has a 50-day moving average price of $176.40 and a 200-day moving average price of $151.42. Discover Financial Services has a 12-month low of $96.46 and a 12-month high of $188.99.

Discover Financial Services (NYSE:DFS) last released its earnings results on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share for the quarter, topping analysts’ consensus estimates of $3.28 by $0.41. Discover Financial Services had a return on equity of 21.38% and a net margin of 13.78%. The company had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the previous year, the company posted $2.59 EPS. Equities analysts predict that Discover Financial Services will post 13.43 earnings per share for the current fiscal year.

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.