Pathstone Holdings LLC Sells 15,462 Shares of Discover Financial Services (NYSE:DFS)

Pathstone Holdings LLC decreased its stake in Discover Financial Services (NYSE:DFS - Free Report) by 21.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,840 shares of the financial services provider's stock after selling 15,462 shares during the period. Pathstone Holdings LLC's holdings in Discover Financial Services were worth $9,673,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. SBI Securities Co. Ltd. bought a new position in shares of Discover Financial Services in the 4th quarter worth about $33,000. Flagship Wealth Advisors LLC bought a new position in shares of Discover Financial Services during the 4th quarter valued at approximately $34,000. Bfsg LLC purchased a new position in Discover Financial Services during the fourth quarter valued at approximately $35,000. Grove Bank & Trust lifted its holdings 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 worth $35,000 after buying an additional 89 shares in the last quarter. Finally, Hantz Financial Services Inc. purchased a new position in shares of Discover Financial Services in the fourth quarter worth $37,000. Institutional investors own 86.94% of the company's stock.

Discover Financial Services Price Performance

Shares of Discover Financial Services stock traded down $2.73 during midday trading on Tuesday, hitting $197.76. 31,289,322 shares of the company were exchanged, compared to its average volume of 1,789,095. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.03. The firm has a market cap of $49.77 billion, a P/E ratio of 12.39, a PEG ratio of 1.51 and a beta of 1.16. Discover Financial Services has a 52 week low of $119.95 and a 52 week high of $207.42. The firm has a 50 day simple moving average of $173.02 and a 200-day simple moving average of $179.00.

Discover Financial Services (NYSE:DFS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $4.25 EPS for the quarter, topping analysts' consensus estimates of $3.33 by $0.92. The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates 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 period last year, the company earned $1.10 earnings per share. Research analysts forecast that Discover Financial Services will post 13.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on DFS shares. Royal Bank of Canada increased their target price on shares of Discover Financial Services from $193.00 to $210.00 and gave the company a "sector perform" rating in a research note on Friday, January 24th. Barclays lifted their target price on shares of Discover Financial Services from $186.00 to $209.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Jefferies Financial Group reissued a "hold" rating and set a $180.00 price target on shares of Discover Financial Services in a research report on Wednesday, May 7th. Wells Fargo & Company raised their price target on shares of Discover Financial Services from $185.00 to $214.00 and gave the stock an "equal weight" rating in a research report on Friday, January 24th. Finally, 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 report on Tuesday, April 8th. Eight analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus 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.