Discover Financial Services (NYSE:DFS) Shares Unloaded Rep. Jefferson Shreve

Representative Jefferson Shreve (R-Indiana) recently sold shares of Discover Financial Services (NYSE:DFS). In a filing disclosed on May 08th, the Representative disclosed that they had sold between $15,001 and $50,000 in Discover Financial Services stock on April 7th.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $50,001 – $100,000 in shares of Chipotle Mexican Grill (NYSE:CMG) on 4/17/2025.
• Purchased $50,001 – $100,000 in shares of Applied Materials (NASDAQ:AMAT) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Caterpillar (NYSE:CAT) on 4/17/2025.
• Sold $15,001 – $50,000 in shares of Lululemon Athletica (NASDAQ:LULU) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Western Digital (NASDAQ:WDC) on 4/17/2025.
• Sold $15,001 – $50,000 in shares of Zoetis (NYSE:ZTS) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Stryker (NYSE:SYK) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of NextEra Energy (NYSE:NEE) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of CSX (NASDAQ:CSX) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Ross Stores (NASDAQ:ROST) on 4/17/2025.

Discover Financial Services Stock Down 1.0%

DFS stock opened at $190.10 on Monday. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. Discover Financial Services has a twelve month low of $119.95 and a twelve month high of $205.76. The firm has a 50 day simple moving average of $168.89 and a 200-day simple moving average of $176.92. The company has a market capitalization of $47.84 billion, a P/E ratio of 11.91, a PEG ratio of 1.51 and a beta of 1.16.

Discover Financial Services (NYSE:DFS) last issued 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. The business had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.25 billion. Discover Financial Services had a return on equity of 26.18% and a net margin of 17.29%. During the same quarter last year, the firm posted $1.10 earnings per share. On average, equities research analysts predict that Discover Financial Services will post 13.88 earnings per share for the current fiscal year.

Institutional Trading of Discover Financial Services

A number of institutional investors have recently added to or reduced their stakes in DFS. Norges Bank acquired a new stake in shares of Discover Financial Services in the 4th quarter valued at about $724,720,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of Discover Financial Services during the 4th quarter valued at approximately $351,766,000. Invesco Ltd. raised its position in shares of Discover Financial Services by 38.5% during the 4th quarter. Invesco Ltd. now owns 2,974,471 shares of the financial services provider’s stock valued at $515,268,000 after acquiring an additional 826,287 shares in the last quarter. GAMMA Investing LLC lifted its stake in Discover Financial Services by 16,786.2% during the first quarter. GAMMA Investing LLC now owns 784,366 shares of the financial services provider’s stock worth $133,891,000 after purchasing an additional 779,721 shares during the last quarter. Finally, Third Point LLC acquired a new position in Discover Financial Services in the fourth quarter worth $110,867,000. 86.94% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on DFS shares. Royal Bank of Canada boosted their price objective on shares of Discover Financial Services from $193.00 to $210.00 and gave the company a “sector perform” rating in a report on Friday, January 24th. Wells Fargo & Company lifted their price target on shares of Discover Financial Services from $185.00 to $214.00 and gave the company an “equal weight” rating in a report on Friday, January 24th. Truist Financial lifted their target price on Discover Financial Services from $219.00 to $229.00 and gave the stock a “buy” rating in a report on Friday, April 25th. UBS Group raised Discover Financial Services from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $150.00 to $239.00 in a research note on Monday, January 13th. Finally, TD Securities decreased their price target on shares of Discover Financial Services from $188.00 to $184.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $191.64.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

Email [email protected] to notify us of updates to this biography.
Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.