GeoWealth Management LLC Has $142,000 Stake in Discover Financial Services (NYSE:DFS)

GeoWealth Management LLC reduced its holdings in Discover Financial Services (NYSE:DFS) by 21.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 821 shares of the financial services provider’s stock after selling 227 shares during the period. GeoWealth Management LLC’s holdings in Discover Financial Services were worth $142,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Capital International Sarl boosted its position in shares of Discover Financial Services by 38.4% in the 4th quarter. Capital International Sarl now owns 10,744 shares of the financial services provider’s stock worth $1,861,000 after purchasing an additional 2,983 shares during the last quarter. Marshall Wace LLP boosted its holdings in Discover Financial Services by 21.2% during the fourth quarter. Marshall Wace LLP now owns 289,264 shares of the financial services provider’s stock worth $50,109,000 after buying an additional 50,666 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of Discover Financial Services by 27.8% during the 4th quarter. NewEdge Advisors LLC now owns 12,546 shares of the financial services provider’s stock worth $2,173,000 after buying an additional 2,726 shares during the period. Stenger Family Office LLC bought a new stake in shares of Discover Financial Services in the 4th quarter valued at about $1,298,000. Finally, United Capital Financial Advisors LLC raised its position in shares of Discover Financial Services by 1.6% in the 4th quarter. United Capital Financial Advisors LLC now owns 14,256 shares of the financial services provider’s stock valued at $2,470,000 after acquiring an additional 228 shares during the period. 86.94% of the stock is owned by institutional investors.

Discover Financial Services Stock Up 5.0 %

Shares of DFS stock opened at $187.70 on Friday. The firm’s fifty day moving average price is $170.10 and its two-hundred day moving average price is $173.32. 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 1 year low of $119.95 and a 1 year high of $205.76. The firm has a market capitalization of $47.23 billion, a P/E ratio of 11.76, a PEG ratio of 1.51 and a beta of 1.20.

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on DFS shares. TD Securities lowered their target price 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. UBS Group upgraded shares of Discover Financial Services from a “neutral” rating to a “buy” rating and upped their price objective for the company from $150.00 to $239.00 in a research report on Monday, January 13th. Royal Bank of Canada lifted their target price on Discover Financial Services from $193.00 to $210.00 and gave the stock a “sector perform” rating in a report on Friday, January 24th. Wells Fargo & Company increased their price target on Discover Financial Services from $185.00 to $214.00 and gave the stock an “equal weight” rating in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. cut their price objective on Discover Financial Services from $169.00 to $129.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $188.00.

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.