Discover Financial Services (NYSE:DFS) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its stake in shares of Discover Financial Services (NYSE:DFS) by 48.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 143,554 shares of the financial services provider’s stock after selling 133,572 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.06% of Discover Financial Services worth $24,505,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new stake in Discover Financial Services in the 1st quarter valued at about $25,000. ORG Wealth Partners LLC acquired a new stake in Discover Financial Services in the 1st quarter valued at about $26,000. Golden State Wealth Management LLC grew its stake in Discover Financial Services by 438.2% in the 1st quarter. Golden State Wealth Management LLC now owns 183 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 149 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Discover Financial Services in the 4th quarter valued at about $33,000. Finally, Mattson Financial Services LLC acquired a new stake in Discover Financial Services in the 4th quarter valued at about $34,000. 86.94% of the stock is owned by institutional investors and hedge funds.

Discover Financial Services Stock Down 1.4%

Shares of NYSE:DFS opened at $197.76 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. The company has a fifty day simple moving average of $194.14 and a 200 day simple moving average of $183.35. The firm has a market cap of $49.77 billion, a PE ratio of 12.39, a price-to-earnings-growth ratio of 1.51 and a beta of 1.16. Discover Financial Services has a 12-month low of $122.37 and a 12-month high of $207.42.

Discover Financial Services (NYSE:DFS) last issued its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $4.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.33 by $0.92. Discover Financial Services had a net margin of 17.29% and a return on equity of 26.18%. The business had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.25 billion. During the same quarter in the previous year, the firm earned $1.10 earnings per share. On average, equities research analysts anticipate that Discover Financial Services will post 13.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Truist Financial increased their price objective on shares of Discover Financial Services from $219.00 to $229.00 and gave the company a “buy” rating in a research note on Friday, April 25th. JPMorgan Chase & Co. lowered their price objective on shares of Discover Financial Services from $169.00 to $129.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Wall Street Zen cut shares of Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Tuesday, April 15th. Argus raised shares of Discover Financial Services to a “strong-buy” rating in a research note on Friday, April 25th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $180.00 price target on shares of Discover Financial Services in a research note on Wednesday, May 7th. Seven investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $191.64.

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; 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.