AQR Capital Management LLC Sells 3,023 Shares of Discover Financial Services (NYSE:DFS)

AQR Capital Management LLC reduced its position in Discover Financial Services (NYSE:DFS - Free Report) by 2.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 147,189 shares of the financial services provider's stock after selling 3,023 shares during the period. AQR Capital Management LLC owned about 0.06% of Discover Financial Services worth $25,498,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. TIG Advisors LLC bought a new position in Discover Financial Services during the fourth quarter valued at approximately $18,877,000. California State Teachers Retirement System increased its stake in shares of Discover Financial Services by 3.3% during the 4th quarter. California State Teachers Retirement System now owns 426,132 shares of the financial services provider's stock worth $73,819,000 after purchasing an additional 13,681 shares during the last quarter. Lido Advisors LLC raised its holdings in shares of Discover Financial Services by 5.8% during the 4th quarter. Lido Advisors LLC now owns 6,999 shares of the financial services provider's stock valued at $1,212,000 after purchasing an additional 383 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Discover Financial Services by 21.3% in the 4th quarter. Northern Trust Corp now owns 2,716,709 shares of the financial services provider's stock valued at $470,616,000 after purchasing an additional 477,675 shares during the last quarter. Finally, Vazirani Asset Management LLC bought a new stake in shares of Discover Financial Services during the 4th quarter worth about $4,438,000. 86.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DFS shares. Argus upgraded shares of Discover Financial Services to a "strong-buy" rating in a research note on Friday, April 25th. JPMorgan Chase & Co. cut their target price on shares of 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. TD Securities lowered their price target on Discover Financial Services from $188.00 to $184.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Truist Financial boosted their price objective on Discover Financial Services from $219.00 to $229.00 and gave the stock a "buy" rating in a research report on Friday, April 25th. Finally, Jefferies Financial Group restated a "hold" rating and set a $180.00 target price on shares of Discover Financial Services in a research note on Wednesday. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $191.64.

Discover Financial Services Stock Performance

Shares of NYSE:DFS traded up $1.23 during trading on Wednesday, hitting $189.35. 2,832,032 shares of the stock were exchanged, compared to its average volume of 1,629,415. The company's fifty day simple moving average is $168.76 and its 200-day simple moving average is $175.75. 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 company has a market capitalization of $47.65 billion, a price-to-earnings ratio of 11.86, a price-to-earnings-growth ratio of 1.51 and a beta of 1.16. Discover Financial Services has a 1-year low of $119.95 and a 1-year high of $205.76.

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 firm had revenue of $4.25 billion for the quarter, compared to analyst estimates 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 in the previous year, the firm posted $1.10 EPS. Sell-side analysts expect that Discover Financial Services will post 13.88 EPS for the current fiscal 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.