Discover Financial Services (NYSE:DFS) Shares Sold by Deutsche Bank AG

Deutsche Bank AG reduced its stake in shares of Discover Financial Services (NYSE:DFS - Free Report) by 21.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 922,975 shares of the financial services provider's stock after selling 245,698 shares during the quarter. Deutsche Bank AG owned 0.37% of Discover Financial Services worth $159,887,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of Discover Financial Services in the fourth quarter worth about $33,000. Flagship Wealth Advisors LLC acquired a new stake in Discover Financial Services in the fourth quarter valued at approximately $34,000. Bfsg LLC acquired a new stake in Discover Financial Services in the fourth quarter valued at approximately $35,000. Grove Bank & Trust increased its position in shares of Discover Financial Services by 78.1% in the fourth quarter. Grove Bank & Trust now owns 203 shares of the financial services provider's stock valued at $35,000 after buying an additional 89 shares in the last quarter. Finally, Hantz Financial Services Inc. acquired a new position in shares of Discover Financial Services during the 4th quarter worth approximately $37,000. 86.94% of the stock is owned by institutional investors and hedge funds.

Discover Financial Services Trading Up 0.8%

Shares of DFS traded up $1.61 during mid-day trading on Tuesday, reaching $204.08. The stock had a trading volume of 2,578,944 shares, compared to its average volume of 1,655,909. Discover Financial Services has a 52-week low of $119.95 and a 52-week high of $207.41. The firm has a market cap of $51.36 billion, a price-to-earnings ratio of 12.79, a P/E/G ratio of 1.51 and a beta of 1.16. The business's fifty day moving average is $169.32 and its 200 day moving average is $177.29. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.03.

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, topping analysts' consensus estimates 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 net margin of 17.29% and a return on equity of 26.18%. During the same quarter last year, the firm earned $1.10 EPS. On average, sell-side analysts predict that Discover Financial Services will post 13.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DFS shares. Royal Bank of Canada upped their price objective on shares of Discover Financial Services from $193.00 to $210.00 and gave the stock a "sector perform" rating in a research report on Friday, January 24th. UBS Group upgraded Discover Financial Services from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $150.00 to $239.00 in a report on Monday, January 13th. Jefferies Financial Group reissued a "hold" rating and set a $180.00 target price on shares of Discover Financial Services in a report on Wednesday, May 7th. Argus raised Discover Financial Services to a "strong-buy" rating in a research note on Friday, April 25th. Finally, StockNews.com cut Discover Financial Services from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Discover Financial Services currently has an average rating of "Moderate Buy" and a consensus price target of $191.64.

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.