Discover Financial Services (NYSE:DFS) Shares Sold by Prana Capital Management LP

Prana Capital Management LP decreased its stake in shares of Discover Financial Services (NYSE:DFS - Free Report) by 26.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 60,073 shares of the financial services provider's stock after selling 21,109 shares during the quarter. Prana Capital Management LP's holdings in Discover Financial Services were worth $10,406,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new stake in shares of Discover Financial Services in the fourth quarter worth about $33,000. Flagship Wealth Advisors LLC bought a new stake in Discover Financial Services in the 4th quarter worth approximately $34,000. Grove Bank & Trust raised its holdings in shares of Discover Financial Services by 78.1% during 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 stake in shares of Discover Financial Services during the 4th quarter worth approximately $35,000. Finally, Hantz Financial Services Inc. bought a new position in shares of Discover Financial Services during the 4th quarter valued at approximately $37,000. 86.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DFS. Wells Fargo & Company lifted their target price on Discover Financial Services from $185.00 to $214.00 and gave the stock an "equal weight" rating in a report on Friday, January 24th. StockNews.com downgraded Discover Financial Services from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. JPMorgan Chase & Co. cut their price objective 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. Barclays increased their target price on shares of Discover Financial Services from $186.00 to $209.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Finally, Jefferies Financial Group restated a "hold" rating and issued a $180.00 target price on shares of Discover Financial Services in a report on Wednesday, May 7th. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $191.64.

Discover Financial Services Stock Down 1.4%

Shares of DFS traded down $2.73 during midday trading on Tuesday, reaching $197.76. 31,289,322 shares of the stock were exchanged, compared to its average volume of 1,784,714. The company has a market capitalization of $49.77 billion, a P/E ratio of 12.39, a PEG ratio of 1.51 and a beta of 1.16. 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 52 week low of $119.95 and a 52 week high of $207.42. The company's 50 day moving average is $173.02 and its two-hundred day moving average is $179.00.

Discover Financial Services (NYSE:DFS - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.25 billion. Discover Financial Services had a net margin of 17.29% and a return on equity of 26.18%. During the same period in the prior year, the firm earned $1.10 earnings per share. On average, sell-side analysts anticipate that Discover Financial Services will post 13.88 earnings per share for the current year.

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.