Brave Warrior Advisors LLC Reduces Stock Position in Discover Financial Services (NYSE:DFS)

Brave Warrior Advisors LLC lessened its position in Discover Financial Services (NYSE:DFS - Free Report) by 26.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,523,965 shares of the financial services provider's stock after selling 930,741 shares during the period. Discover Financial Services comprises 10.9% of Brave Warrior Advisors LLC's portfolio, making the stock its 3rd largest holding. Brave Warrior Advisors LLC owned approximately 1.00% of Discover Financial Services worth $437,226,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of DFS. Hemington Wealth Management grew its position in Discover Financial Services by 11.0% during the fourth quarter. Hemington Wealth Management now owns 503 shares of the financial services provider's stock valued at $87,000 after acquiring an additional 50 shares during the period. Rehmann Capital Advisory Group increased its position in Discover Financial Services by 1.0% during the 4th quarter. Rehmann Capital Advisory Group now owns 5,152 shares of the financial services provider's stock worth $892,000 after purchasing an additional 51 shares in the last quarter. UMB Bank n.a. lifted its position in Discover Financial Services by 0.6% during the fourth quarter. UMB Bank n.a. now owns 9,248 shares of the financial services provider's stock valued at $1,602,000 after buying an additional 56 shares in the last quarter. Stratos Wealth Partners LTD. grew its stake in Discover Financial Services by 0.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 6,158 shares of the financial services provider's stock worth $1,067,000 after buying an additional 57 shares during the period. Finally, Brown Brothers Harriman & Co. increased its position in shares of Discover Financial Services by 4.2% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,411 shares of the financial services provider's stock worth $244,000 after acquiring an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 86.94% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Barclays upped their price target on Discover Financial Services from $186.00 to $209.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. StockNews.com lowered Discover Financial Services from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Truist Financial raised their price objective on shares of Discover Financial Services from $219.00 to $229.00 and gave the stock a "buy" rating in a report on Friday, April 25th. TD Securities reduced their price objective on Discover Financial Services from $188.00 to $184.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Finally, UBS Group raised Discover Financial Services from a "neutral" rating to a "buy" rating and upped their target price for the company from $150.00 to $239.00 in a report on Monday, January 13th. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $191.64.

Discover Financial Services Trading Up 0.7 %

DFS traded up $1.23 during trading on Wednesday, reaching $189.35. The company had a trading volume of 2,832,032 shares, compared to its average volume of 1,633,049. The company has a market cap of $47.65 billion, a price-to-earnings ratio of 11.86, a PEG ratio of 1.51 and a beta of 1.16. Discover Financial Services has a 12-month low of $119.95 and a 12-month high of $205.76. 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 firm's 50-day simple moving average is $168.63 and its 200 day simple moving average is $175.84.

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 EPS for the quarter, topping the consensus estimate of $3.33 by $0.92. The company 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 prior year, the business posted $1.10 EPS. Equities research analysts anticipate that Discover Financial Services will post 13.88 earnings per share for the current 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.