Westwood Holdings Group Inc. Lowers Position in Discover Financial Services (NYSE:DFS)

Westwood Holdings Group Inc. lessened its stake in Discover Financial Services (NYSE:DFS) by 13.1% during the 4th quarter, according to its most recent disclosure 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 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Tidal Investments LLC lifted its stake in Discover Financial Services by 12.1% in the 4th quarter. Tidal Investments LLC now owns 16,155 shares of the financial services provider's stock worth $2,799,000 after purchasing an additional 1,740 shares in the last quarter. TrinityPoint Wealth LLC lifted its position in shares of 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 worth $633,000 after buying an additional 215 shares in the last quarter. Sona Asset Management US LLC purchased a new stake in shares of Discover Financial Services during the 4th quarter worth approximately $43,357,000. Rafferty Asset Management LLC raised its holdings in shares of Discover Financial Services by 4.1% during the 4th quarter. Rafferty Asset Management LLC now owns 88,583 shares of the financial services provider's stock worth $15,345,000 after acquiring an additional 3,457 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Discover Financial Services by 2,186.9% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,894 shares of the financial services provider's stock worth $848,000 after acquiring an additional 4,680 shares in the last quarter. Hedge funds and other institutional investors own 86.94% of the company's stock.

Analyst Ratings Changes

DFS has been the topic of a number of recent research reports. Argus raised shares of Discover Financial Services to a "strong-buy" rating in a research note on Friday, April 25th. StockNews.com cut shares of Discover Financial Services from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. JPMorgan Chase & Co. decreased their target price on shares of Discover Financial Services from $169.00 to $129.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Truist Financial upped their target price on shares of Discover Financial Services from $219.00 to $229.00 and gave the company a "buy" rating in a research report on Friday, April 25th. Finally, Wells Fargo & Company upped their price objective on Discover Financial Services from $185.00 to $214.00 and gave the company an "equal weight" rating in a research report on Friday, January 24th. 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. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $191.64.

Discover Financial Services Trading Down 1.4%

Shares of NYSE DFS opened at $197.76 on Tuesday. 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 business's 50 day moving average price is $173.02 and its 200-day moving average price is $179.00. Discover Financial Services has a fifty-two week low of $119.95 and a fifty-two week high of $207.42. The company 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.

Discover Financial Services (NYSE:DFS - Get Free Report) last released its earnings results on Wednesday, April 23rd. The financial services provider reported $4.25 earnings per share for the quarter, topping analysts' consensus estimates of $3.33 by $0.92. Discover Financial Services had a return on equity of 26.18% and a net margin of 17.29%. The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.25 billion. During the same quarter last year, the firm posted $1.10 earnings per share. On average, sell-side analysts expect that Discover Financial Services will post 13.88 earnings per share for the current year.

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.

Want to see what other hedge funds are holding DFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Discover Financial Services (NYSE:DFS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.