Janus Henderson Group PLC Sells 1,724 Shares of Discover Financial Services (NYSE:DFS)

Janus Henderson Group PLC lowered its holdings in shares of Discover Financial Services (NYSE:DFS - Free Report) by 4.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 35,014 shares of the financial services provider's stock after selling 1,724 shares during the period. Janus Henderson Group PLC's holdings in Discover Financial Services were worth $6,073,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of DFS. Brookstone Capital Management bought a new position in shares of Discover Financial Services during the fourth quarter valued at $282,000. Carnegie Investment Counsel bought a new position in shares of Discover Financial Services during the fourth quarter valued at $209,000. Avanza Fonder AB bought a new position in shares of Discover Financial Services during the fourth quarter valued at $3,309,000. Merit Financial Group LLC bought a new position in shares of Discover Financial Services during the fourth quarter valued at $221,000. Finally, HB Wealth Management LLC raised its stake in shares of Discover Financial Services by 2.7% during the fourth quarter. HB Wealth Management LLC now owns 5,385 shares of the financial services provider's stock valued at $933,000 after acquiring an additional 143 shares during the last quarter. Institutional investors own 86.94% of the company's stock.

Discover Financial Services Stock Down 1.4%

Shares of Discover Financial Services stock traded down $2.73 during trading hours on Wednesday, reaching $197.76. The company's stock had a trading volume of 31,289,322 shares, compared to its average volume of 1,789,095. Discover Financial Services has a one year low of $119.95 and a one year high of $207.42. The company has a market capitalization of $49.77 billion, a P/E ratio of 12.39, a P/E/G ratio of 1.51 and a beta of 1.16. The stock's fifty day simple moving average is $173.80 and its two-hundred day simple moving average is $179.13. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.09.

Discover Financial Services (NYSE:DFS - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $4.25 earnings per share 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 firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.25 billion. During the same period last year, the firm earned $1.10 earnings per share. On average, 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 the stock. Wells Fargo & Company increased their price objective 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. StockNews.com cut shares of Discover Financial Services from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Jefferies Financial Group reiterated a "hold" rating and set a $180.00 price objective on shares of Discover Financial Services in a research report on Wednesday, May 7th. Royal Bank of Canada increased 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. Finally, Argus upgraded shares of Discover Financial Services to a "strong-buy" rating in a research report on Friday, April 25th. Eight research 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, Discover Financial Services presently has an average rating of "Moderate Buy" and an average price target of $191.64.

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.