Janus Henderson Group PLC Has $6.07 Million Stock Position in Discover Financial Services (NYSE:DFS)

Janus Henderson Group PLC reduced its position in shares of Discover Financial Services (NYSE:DFS) by 4.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 35,014 shares of the financial services provider’s stock after selling 1,724 shares during the quarter. Janus Henderson Group PLC’s holdings in Discover Financial Services were worth $6,073,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of DFS. Norges Bank purchased a new stake in shares of Discover Financial Services in the fourth quarter worth approximately $724,720,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of Discover Financial Services in the fourth quarter worth approximately $351,766,000. Invesco Ltd. raised its stake in shares of Discover Financial Services by 38.5% in the fourth quarter. Invesco Ltd. now owns 2,974,471 shares of the financial services provider’s stock worth $515,268,000 after purchasing an additional 826,287 shares during the last quarter. Third Point LLC purchased a new stake in shares of Discover Financial Services in the fourth quarter worth approximately $110,867,000. Finally, Empyrean Capital Partners LP purchased a new stake in shares of Discover Financial Services in the fourth quarter worth approximately $100,993,000. 86.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DFS. Royal Bank of Canada increased their price objective on Discover Financial Services from $193.00 to $210.00 and gave the stock a “sector perform” rating in a research note on Friday, January 24th. Barclays increased their price target on Discover Financial Services from $186.00 to $209.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. decreased their price target on Discover Financial Services from $169.00 to $129.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Truist Financial increased their price target on Discover Financial Services from $219.00 to $229.00 and gave the company a “buy” rating in a research report on Friday, April 25th. Finally, Argus raised Discover Financial Services to a “strong-buy” rating in a research report on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Discover Financial Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $191.64.

Discover Financial Services Price Performance

Shares of NYSE DFS opened at $201.10 on Friday. Discover Financial Services has a twelve month low of $119.95 and a twelve month high of $207.42. The firm has a market cap of $50.61 billion, a P/E ratio of 12.60, a PEG ratio of 1.51 and a beta of 1.16. The company has a 50 day moving average of $172.34 and a 200 day moving average of $178.47. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 1.09.

Discover Financial Services (NYSE:DFS) last announced its quarterly earnings data 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 company had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.25 billion. During the same period in the previous year, the business earned $1.10 EPS. As a group, research analysts expect that Discover Financial Services will post 13.88 EPS for the current fiscal year.

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.