Pinebridge Investments L.P. Sells 3,656 Shares of Discover Financial Services (NYSE:DFS)

Pinebridge Investments L.P. trimmed its position in Discover Financial Services (NYSE:DFS - Free Report) by 5.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,828 shares of the financial services provider's stock after selling 3,656 shares during the quarter. Pinebridge Investments L.P.'s holdings in Discover Financial Services were worth $10,018,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in Discover Financial Services in the fourth quarter worth $33,000. Flagship Wealth Advisors LLC purchased a new stake in shares of Discover Financial Services in the 4th quarter worth about $34,000. Grove Bank & Trust increased its stake in shares of Discover Financial Services by 78.1% in the 4th quarter. Grove Bank & Trust now owns 203 shares of the financial services provider's stock worth $35,000 after acquiring an additional 89 shares in the last quarter. Bfsg LLC purchased a new position in Discover Financial Services during the 4th quarter valued at about $35,000. Finally, Hantz Financial Services Inc. bought a new stake in Discover Financial Services during the fourth quarter worth about $37,000. 86.94% of the stock is owned by institutional investors.

Discover Financial Services Stock Performance

NYSE DFS traded down $5.00 on Wednesday, hitting $180.37. 830,707 shares of the company traded hands, compared to its average volume of 1,613,511. 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 business's 50 day moving average price is $169.21 and its 200-day moving average price is $174.41. The company has a market capitalization of $45.38 billion, a price-to-earnings ratio of 11.29, a P/E/G ratio of 1.51 and a beta of 1.20. Discover Financial Services has a 52-week low of $119.95 and a 52-week high of $205.76.

Discover Financial Services (NYSE:DFS - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate 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 in the previous year, the company posted $1.10 EPS. Equities analysts expect that Discover Financial Services will post 13.88 earnings per share for the current year.

Analysts Set New Price Targets

DFS has been the topic of a number of analyst reports. StockNews.com cut Discover Financial Services from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Truist Financial raised their price target on Discover Financial Services from $219.00 to $229.00 and gave the company a "buy" rating in a report on Friday, April 25th. UBS Group raised shares of Discover Financial Services from a "neutral" rating to a "buy" rating and increased their price objective for the company from $150.00 to $239.00 in a research report on Monday, January 13th. JPMorgan Chase & Co. decreased their target price on shares of Discover Financial Services from $169.00 to $129.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Finally, Royal Bank of Canada increased their price target on shares of Discover Financial Services from $193.00 to $210.00 and gave the company a "sector perform" rating in a report on Friday, January 24th. Seven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Discover Financial Services presently has an average rating of "Moderate Buy" and an average target price of $188.91.

Discover Financial Services Company 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.