Waldron Private Wealth LLC Has $250,000 Stock Holdings in Discover Financial Services (NYSE:DFS)

Waldron Private Wealth LLC trimmed its position in shares of Discover Financial Services (NYSE:DFS) by 24.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,232 shares of the financial services provider’s stock after selling 732 shares during the quarter. Waldron Private Wealth LLC’s holdings in Discover Financial Services were worth $250,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Penserra Capital Management LLC lifted its stake in Discover Financial Services by 7.2% in the fourth quarter. Penserra Capital Management LLC now owns 1,451 shares of the financial services provider’s stock valued at $141,000 after buying an additional 97 shares in the last quarter. Toroso Investments LLC increased its holdings in Discover Financial Services by 3.1% during the 1st quarter. Toroso Investments LLC now owns 3,299 shares of the financial services provider’s stock worth $364,000 after purchasing an additional 98 shares in the last quarter. TIAA FSB raised its stake in shares of Discover Financial Services by 1.2% in the 4th quarter. TIAA FSB now owns 8,532 shares of the financial services provider’s stock valued at $835,000 after purchasing an additional 102 shares during the period. Simon Quick Advisors LLC lifted its holdings in shares of Discover Financial Services by 1.7% in the fourth quarter. Simon Quick Advisors LLC now owns 6,397 shares of the financial services provider’s stock valued at $719,000 after purchasing an additional 109 shares in the last quarter. Finally, Czech National Bank boosted its position in shares of Discover Financial Services by 0.3% during the fourth quarter. Czech National Bank now owns 43,796 shares of the financial services provider’s stock worth $4,923,000 after buying an additional 110 shares during the period. Institutional investors and hedge funds own 86.94% of the company’s stock.

Discover Financial Services Trading Down 1.5 %

Shares of DFS opened at $119.54 on Wednesday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.13 and a current ratio of 1.13. Discover Financial Services has a 52-week low of $79.04 and a 52-week high of $131.65. The firm has a market cap of $29.95 billion, a price-to-earnings ratio of 10.63, a PEG ratio of 0.86 and a beta of 1.45. The business’s fifty day moving average is $121.11 and its 200-day moving average is $105.42.

Discover Financial Services (NYSE:DFS) last released its earnings results on Thursday, January 18th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.96). The business had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.10 billion. Discover Financial Services had a net margin of 14.30% and a return on equity of 22.24%. The business’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.77 EPS. Equities analysts anticipate that Discover Financial Services will post 11.2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DFS. JPMorgan Chase & Co. lifted their price objective on shares of Discover Financial Services from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. BMO Capital Markets lowered their target price on Discover Financial Services from $116.00 to $104.00 and set a “market perform” rating on the stock in a research report on Monday, January 22nd. The Goldman Sachs Group reduced their price target on Discover Financial Services from $139.00 to $121.00 and set a “buy” rating for the company in a research report on Friday, January 19th. Seaport Res Ptn lowered Discover Financial Services from a “buy” rating to a “neutral” rating in a research report on Friday, March 15th. Finally, Evercore ISI upped their price objective on Discover Financial Services from $117.00 to $140.00 and gave the stock an “in-line” rating in a research note on Thursday, February 22nd. Twelve investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $125.22.

Insider Activity at Discover Financial Services

In related news, CFO John Greene sold 35,191 shares of the stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $106.51, for a total value of $3,748,193.41. Following the completion of the transaction, the chief financial officer now owns 18,592 shares of the company’s stock, valued at approximately $1,980,233.92. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.50% of the stock is currently owned by insiders.

About Discover Financial Services

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; private student loans, 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.