Duncker Streett & Co. Inc. Trims Position in Discover Financial Services (NYSE:DFS)

Duncker Streett & Co. Inc. lessened its stake in Discover Financial Services (NYSE:DFS - Free Report) by 53.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,491 shares of the financial services provider's stock after selling 21,042 shares during the quarter. Duncker Streett & Co. Inc.'s holdings in Discover Financial Services were worth $2,078,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Bruce G. Allen Investments LLC bought a new stake in Discover Financial Services in the 4th quarter valued at $28,000. Householder Group Estate & Retirement Specialist LLC bought a new stake in Discover Financial Services in the 3rd quarter valued at $30,000. Resurgent Financial Advisors LLC bought a new stake in Discover Financial Services in the 4th quarter valued at $31,000. Pinnacle Bancorp Inc. increased its position in Discover Financial Services by 282.0% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 382 shares of the financial services provider's stock worth $33,000 after buying an additional 282 shares during the period. Finally, Compass Wealth Management LLC bought a new stake in shares of Discover Financial Services in the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 86.94% of the company's stock.

Wall Street Analyst Weigh In

DFS has been the topic of several research reports. Morgan Stanley upgraded shares of Discover Financial Services from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $105.00 to $133.00 in a research note on Thursday, February 8th. HSBC upped their price target on shares of Discover Financial Services from $107.00 to $144.00 and gave the company a "hold" rating in a research note on Thursday, March 21st. Piper Sandler upped their price target on shares of Discover Financial Services from $127.00 to $145.00 and gave the company an "overweight" rating in a research note on Friday, February 23rd. The Goldman Sachs Group decreased their price target on shares of Discover Financial Services from $139.00 to $121.00 and set a "buy" rating on the stock in a research note on Friday, January 19th. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $140.00 price target (up from $117.00) on shares of Discover Financial Services in a research note on Wednesday, February 21st. Twelve investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $125.22.

Discover Financial Services Price Performance

Shares of DFS stock traded up $0.36 on Wednesday, reaching $119.93. The company had a trading volume of 1,742,242 shares, compared to its average volume of 2,258,674. The business's 50-day moving average is $121.11 and its 200 day moving average is $105.42. The stock has a market capitalization of $30.05 billion, a PE ratio of 10.66, a price-to-earnings-growth ratio of 0.86 and a beta of 1.45. Discover Financial Services has a one year low of $79.04 and a one year high of $131.65. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.49.

Discover Financial Services (NYSE:DFS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.03 by ($1.93). Discover Financial Services had a net margin of 14.30% and a return on equity of 22.24%. During the same quarter in the prior year, the business posted $3.58 earnings per share. Equities research analysts forecast that Discover Financial Services will post 11.2 EPS for the current fiscal year.

Insider Activity at Discover Financial Services

In related news, CFO John Greene sold 35,191 shares of the firm's stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $106.51, for a total value of $3,748,193.41. Following the completion of the transaction, the chief financial officer now owns 18,592 shares in the company, valued at approximately $1,980,233.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.50% of the stock is owned by company insiders.

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; private student loans, 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.