Public Employees Retirement Association of Colorado Trims Stock Holdings in Discover Financial Services (NYSE:DFS)

Public Employees Retirement Association of Colorado lessened its holdings in shares of Discover Financial Services (NYSE:DFS) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,761 shares of the financial services provider’s stock after selling 394 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Discover Financial Services were worth $4,463,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several equities analysts have weighed in on the company. TD Securities cut their price target on Discover Financial Services from $188.00 to $184.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Barclays boosted their price target on shares of Discover Financial Services from $186.00 to $209.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. UBS Group upgraded shares of Discover Financial Services from a “neutral” rating to a “buy” rating and increased their price objective for the company from $150.00 to $239.00 in a research report on Monday, January 13th. Truist Financial boosted their target price on shares of Discover Financial Services from $219.00 to $229.00 and gave the stock a “buy” rating in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Discover Financial Services from $169.00 to $129.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $188.91.

Discover Financial Services Trading Down 0.0 %

NYSE DFS opened at $185.42 on Wednesday. Discover Financial Services has a 12 month low of $119.95 and a 12 month high of $205.76. The company’s 50-day moving average price is $169.21 and its 200-day moving average price is $174.41. The stock has a market cap of $46.65 billion, a PE ratio of 11.62, a PEG ratio of 1.51 and a beta of 1.20. 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 issued its earnings results on Wednesday, April 23rd. The financial services provider reported $4.25 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 for the quarter, compared to analyst estimates of $4.25 billion. During the same period last year, the company posted $1.10 earnings per share. Equities research analysts forecast that Discover Financial Services will post 13.88 earnings per share for the current year.

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.