Discover Financial Services (NYSE:DFS) Stock Position Reduced by Jump Financial LLC

Jump Financial LLC decreased its stake in Discover Financial Services (NYSE:DFS) by 17.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,704 shares of the financial services provider’s stock after selling 366 shares during the quarter. Jump Financial LLC’s holdings in Discover Financial Services were worth $295,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DFS. Invst LLC grew its stake in Discover Financial Services by 0.9% in the third quarter. Invst LLC now owns 7,253 shares of the financial services provider’s stock valued at $1,018,000 after purchasing an additional 62 shares in the last quarter. Wilmington Savings Fund Society FSB grew its stake in shares of Discover Financial Services by 117.6% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 7,869 shares of the financial services provider’s stock valued at $1,104,000 after buying an additional 4,253 shares in the last quarter. Tidal Investments LLC increased its holdings in Discover Financial Services by 7.0% in the third quarter. Tidal Investments LLC now owns 14,415 shares of the financial services provider’s stock worth $2,022,000 after buying an additional 942 shares during the last quarter. Peapack Gladstone Financial Corp raised its position in Discover Financial Services by 15.7% during the third quarter. Peapack Gladstone Financial Corp now owns 6,207 shares of the financial services provider’s stock valued at $871,000 after acquiring an additional 842 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Discover Financial Services by 3.3% in the third quarter. Principal Financial Group Inc. now owns 294,975 shares of the financial services provider’s stock valued at $41,382,000 after acquiring an additional 9,463 shares during the last quarter. Hedge funds and other institutional investors own 86.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DFS. UBS Group upgraded shares of Discover Financial Services from a “neutral” rating to a “buy” rating and raised their price target for the company from $150.00 to $239.00 in a report on Monday, January 13th. Truist Financial upped their price target on Discover Financial Services from $219.00 to $229.00 and gave the stock a “buy” rating in a research note on Friday. Barclays raised their price objective on Discover Financial Services from $186.00 to $209.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Wells Fargo & Company upped their target price on Discover Financial Services from $185.00 to $214.00 and gave the stock an “equal weight” rating in a research report on Friday, January 24th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Discover Financial Services from $169.00 to $129.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $188.91.

Discover Financial Services Price Performance

Shares of DFS stock opened at $185.02 on Friday. Discover Financial Services has a 12 month low of $119.95 and a 12 month high of $205.76. The company has a market capitalization of $46.55 billion, a P/E ratio of 11.59, a P/E/G ratio of 1.51 and a beta of 1.20. The stock has a 50 day moving average of $169.86 and a two-hundred day moving average of $173.83. 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 (NYSE:DFS) last posted its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $4.25 earnings per share 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 firm had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.25 billion. As a group, equities analysts expect that Discover Financial Services will post 13.88 EPS for the current 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.