MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 25,374 Shares of Discover Financial Services (NYSE:DFS)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its stake in Discover Financial Services (NYSE:DFS - Free Report) by 34.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,631 shares of the financial services provider's stock after selling 25,374 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Discover Financial Services were worth $8,251,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of DFS. Hemington Wealth Management lifted its position in Discover Financial Services by 11.0% during the 4th 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 lifted 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 valued at $892,000 after acquiring an additional 51 shares during the period. UMB Bank n.a. lifted its position in Discover Financial Services by 0.6% during the 4th quarter. UMB Bank n.a. now owns 9,248 shares of the financial services provider's stock valued at $1,602,000 after acquiring an additional 56 shares during the period. Stratos Wealth Partners LTD. lifted its position in Discover Financial Services by 0.9% during the 4th quarter. Stratos Wealth Partners LTD. now owns 6,158 shares of the financial services provider's stock valued at $1,067,000 after acquiring an additional 57 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its position in Discover Financial Services by 4.2% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,411 shares of the financial services provider's stock valued at $244,000 after acquiring an additional 57 shares during the period. 86.94% of the stock is owned by hedge funds and other institutional investors.

Discover Financial Services Stock Performance

NYSE DFS traded down $2.73 during trading hours on Wednesday, hitting $197.76. 31,289,322 shares of the company's stock traded hands, compared to its average volume of 1,789,095. The business's fifty day moving average price is $173.80 and its two-hundred day moving average price is $179.13. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. The firm 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. Discover Financial Services has a 52 week low of $119.95 and a 52 week high of $207.42.

Discover Financial Services (NYSE:DFS - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $4.25 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.25 billion. During the same quarter in the previous year, the firm earned $1.10 earnings per share. Equities research analysts predict that Discover Financial Services will post 13.88 EPS for the current year.

Wall Street Analysts Forecast Growth

DFS has been the subject of a number of analyst reports. Argus upgraded shares of Discover Financial Services to a "strong-buy" rating in a research note on Friday, April 25th. Royal Bank of Canada raised 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 note on Friday, January 24th. Wells Fargo & Company raised their price objective on shares of Discover Financial Services from $185.00 to $214.00 and gave the company an "equal weight" rating in a research note on Friday, January 24th. Jefferies Financial Group restated a "hold" rating and set a $180.00 price objective on shares of Discover Financial Services in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Discover Financial Services from $169.00 to $129.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Eight investment 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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.