Discover Financial Services (NYSE:DFS) Shares Sold by Duquesne Family Office LLC

Duquesne Family Office LLC lowered its stake in shares of Discover Financial Services (NYSE:DFS - Free Report) by 48.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 146,970 shares of the financial services provider's stock after selling 137,895 shares during the quarter. Duquesne Family Office LLC owned approximately 0.06% of Discover Financial Services worth $25,460,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new position in shares of Discover Financial Services during the fourth quarter worth approximately $33,000. Flagship Wealth Advisors LLC purchased a new position in shares of Discover Financial Services during the fourth quarter worth approximately $34,000. Grove Bank & Trust grew its position in shares of Discover Financial Services by 78.1% during the fourth quarter. Grove Bank & Trust now owns 203 shares of the financial services provider's stock worth $35,000 after acquiring an additional 89 shares during the last quarter. Bfsg LLC purchased a new position in shares of Discover Financial Services during the fourth quarter worth approximately $35,000. Finally, Hantz Financial Services Inc. purchased a new position in shares of Discover Financial Services during the fourth quarter worth approximately $37,000. Institutional investors and hedge funds own 86.94% of the company's stock.

Discover Financial Services Price Performance

DFS stock traded up $14.67 during trading on Monday, hitting $204.74. The stock had a trading volume of 1,371,202 shares, compared to its average volume of 1,645,514. Discover Financial Services has a 1-year low of $119.95 and a 1-year high of $205.76. The company's 50 day moving average price is $168.89 and its two-hundred day moving average price is $176.92. 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 market cap of $51.52 billion, a price-to-earnings ratio of 12.83, a price-to-earnings-growth ratio of 1.51 and a beta of 1.16.

Discover Financial Services (NYSE:DFS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $4.25 EPS for the quarter, beating analysts' consensus estimates of $3.33 by $0.92. Discover Financial Services had a net margin of 17.29% and a return on equity of 26.18%. The company had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.25 billion. During the same quarter in the prior year, the company posted $1.10 EPS. On average, sell-side analysts forecast that Discover Financial Services will post 13.88 EPS for the current fiscal year.

Analyst Ratings Changes

DFS has been the topic of a number of analyst reports. Jefferies Financial Group reiterated a "hold" rating and issued a $180.00 price objective on shares of Discover Financial Services in a research report on Wednesday, May 7th. Royal Bank of Canada lifted their price objective on shares of Discover Financial Services from $193.00 to $210.00 and gave the company a "sector perform" rating in a research report on Friday, January 24th. Barclays lifted their price objective on shares of Discover Financial Services from $186.00 to $209.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. TD Securities lowered their price objective on shares of 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. Finally, Wells Fargo & Company boosted their target price 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. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Discover Financial Services presently has a consensus 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.