Boothbay Fund Management LLC Sells 1,620 Shares of Discover Financial Services (NYSE:DFS)

Boothbay Fund Management LLC decreased its position in shares of Discover Financial Services (NYSE:DFS - Free Report) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,862 shares of the financial services provider's stock after selling 1,620 shares during the period. Boothbay Fund Management LLC's holdings in Discover Financial Services were worth $10,890,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in DFS. Vanguard Group Inc. boosted its position in Discover Financial Services by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 31,045,208 shares of the financial services provider's stock valued at $5,377,961,000 after buying an additional 290,937 shares in the last quarter. FMR LLC boosted its position in Discover Financial Services by 0.8% in the fourth quarter. FMR LLC now owns 7,553,016 shares of the financial services provider's stock valued at $1,308,409,000 after buying an additional 59,154 shares in the last quarter. Geode Capital Management LLC boosted its position in Discover Financial Services by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 6,240,451 shares of the financial services provider's stock valued at $1,082,826,000 after buying an additional 165,589 shares in the last quarter. Norges Bank acquired a new stake in Discover Financial Services in the fourth quarter valued at approximately $724,720,000. Finally, Invesco Ltd. boosted its position in 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 valued at $515,268,000 after buying an additional 826,287 shares in the last quarter. Institutional investors and hedge funds own 86.94% of the company's stock.

Discover Financial Services Stock Performance

NYSE:DFS traded up $1.35 during trading hours on Thursday, reaching $184.02. The stock had a trading volume of 591,018 shares, compared to its average volume of 2,118,241. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.09. The stock has a 50 day simple moving average of $168.97 and a 200 day simple moving average of $174.46. Discover Financial Services has a 12-month low of $119.95 and a 12-month high of $205.76. The stock has a market cap of $46.30 billion, a P/E ratio of 11.53, a price-to-earnings-growth ratio of 1.51 and a beta of 1.20.

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 for the quarter, beating the consensus estimate of $3.33 by $0.92. Discover Financial Services had a return on equity of 26.18% and a net margin of 17.29%. The company had revenue of $4.25 billion during the quarter, compared to analysts' expectations of $4.25 billion. During the same period in the previous year, the business earned $1.10 earnings per share. On average, research analysts forecast that Discover Financial Services will post 13.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DFS. Argus upgraded shares of Discover Financial Services to a "strong-buy" rating in a research report on Friday, April 25th. UBS Group upgraded 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 report on Monday, January 13th. Wells Fargo & Company lifted their target price 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. 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 note on Tuesday, April 8th. Finally, 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 note on Friday, January 24th. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $188.91.

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.