Bokf Na Sells 33,402 Shares of Discover Financial Services (NYSE:DFS)

BOKF NA lessened its position in shares of Discover Financial Services (NYSE:DFS - Free Report) by 45.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,860 shares of the financial services provider's stock after selling 33,402 shares during the quarter. BOKF NA's holdings in Discover Financial Services were worth $6,762,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DFS. Principal Financial Group Inc. grew its stake in shares of Discover Financial Services by 3.3% during 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 period. Nordea Investment Management AB grew its position in shares of Discover Financial Services by 0.6% during the 4th quarter. Nordea Investment Management AB now owns 342,085 shares of the financial services provider's stock worth $59,307,000 after buying an additional 2,203 shares during the period. CWA Asset Management Group LLC increased its stake in shares of Discover Financial Services by 11.1% in the 4th quarter. CWA Asset Management Group LLC now owns 20,155 shares of the financial services provider's stock valued at $3,491,000 after acquiring an additional 2,017 shares during the last quarter. Fulton Bank N.A. raised its position in shares of Discover Financial Services by 1.3% in the 4th quarter. Fulton Bank N.A. now owns 6,480 shares of the financial services provider's stock valued at $1,123,000 after acquiring an additional 84 shares during the period. Finally, Czech National Bank boosted its stake in Discover Financial Services by 6.4% during the 4th quarter. Czech National Bank now owns 54,438 shares of the financial services provider's stock worth $9,430,000 after acquiring an additional 3,292 shares during the last quarter. 86.94% of the stock is currently owned by institutional investors and hedge funds.

Discover Financial Services Stock Down 1.0 %

Shares of Discover Financial Services stock traded down $1.93 on Friday, reaching $190.10. 2,024,050 shares of the company were exchanged, compared to its average volume of 1,643,603. 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 50-day moving average of $168.89 and a 200 day moving average of $176.46. Discover Financial Services has a one year low of $119.95 and a one year high of $205.76. The company has a market capitalization of $47.84 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 1.51 and a beta of 1.16.

Discover Financial Services (NYSE:DFS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $4.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.33 by $0.92. The business had revenue of $4.25 billion during 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%. During the same quarter last year, the firm posted $1.10 EPS. On average, equities research analysts forecast that Discover Financial Services will post 13.88 earnings per share for the current year.

Analyst Ratings Changes

DFS has been the topic of a number of recent analyst reports. StockNews.com cut shares of Discover Financial Services from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. UBS Group raised Discover Financial Services from a "neutral" rating to a "buy" rating and boosted their target price for the company from $150.00 to $239.00 in a research note on Monday, January 13th. 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. Jefferies Financial Group reissued a "hold" rating and set a $180.00 target price on shares of Discover Financial Services in a research note on Wednesday. Finally, Wells Fargo & Company upped their price target on shares of Discover Financial Services from $185.00 to $214.00 and gave the company an "equal weight" rating in a report on Friday, January 24th. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $191.64.

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.