Westwood Holdings Group Inc. lessened its holdings in shares of Discover Financial Services (NYSE:DFS - Free Report) by 13.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 87,889 shares of the financial services provider's stock after selling 13,242 shares during the quarter. Westwood Holdings Group Inc.'s holdings in Discover Financial Services were worth $15,225,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tidal Investments LLC grew its position in Discover Financial Services by 12.1% in the fourth quarter. Tidal Investments LLC now owns 16,155 shares of the financial services provider's stock valued at $2,799,000 after acquiring an additional 1,740 shares in the last quarter. TrinityPoint Wealth LLC grew its position in Discover Financial Services by 6.3% in the fourth quarter. TrinityPoint Wealth LLC now owns 3,655 shares of the financial services provider's stock valued at $633,000 after acquiring an additional 215 shares in the last quarter. Sona Asset Management US LLC acquired a new stake in Discover Financial Services in the fourth quarter valued at approximately $43,357,000. Rafferty Asset Management LLC grew its position in Discover Financial Services by 4.1% in the fourth quarter. Rafferty Asset Management LLC now owns 88,583 shares of the financial services provider's stock valued at $15,345,000 after acquiring an additional 3,457 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. grew its position in Discover Financial Services by 2,186.9% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,894 shares of the financial services provider's stock valued at $848,000 after acquiring an additional 4,680 shares in the last quarter. Institutional investors and hedge funds own 86.94% of the company's stock.
Discover Financial Services Stock Performance
Discover Financial Services stock traded down $2.73 during mid-day trading on Friday, reaching $197.76. The company's stock had a trading volume of 31,289,322 shares, compared to its average volume of 1,797,705. The firm has a market cap of $49.77 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 1.51 and a beta of 1.16. The business has a 50 day moving average price of $176.14 and a 200-day moving average price of $179.90. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. Discover Financial Services has a twelve month low of $119.95 and a twelve month high of $207.42.
Discover Financial Services (NYSE:DFS - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The financial services provider reported $4.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.33 by $0.92. The company had revenue of $4.25 billion for the quarter, compared to analysts' expectations 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 business posted $1.10 earnings per share. Sell-side analysts predict that Discover Financial Services will post 13.88 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts have issued reports on the stock. Argus raised shares of Discover Financial Services to a "strong-buy" rating in a research report on Friday, April 25th. Truist Financial raised their price target on shares of Discover Financial Services from $219.00 to $229.00 and gave the stock a "buy" rating in a research report on Friday, April 25th. JPMorgan Chase & Co. decreased their price target on shares of Discover Financial Services from $169.00 to $129.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. 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. Finally, Wall Street Zen downgraded shares of Discover Financial Services from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $191.64.
Check Out Our Latest Stock Analysis on Discover Financial Services
About Discover Financial Services
(
Free Report)
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.
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