Price T Rowe Associates Inc. MD Has $91.01 Million Position in Discover Financial Services (NYSE:DFS)

Price T Rowe Associates Inc. MD trimmed its position in Discover Financial Services (NYSE:DFS - Free Report) by 62.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 525,386 shares of the financial services provider's stock after selling 866,821 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.21% of Discover Financial Services worth $91,014,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Discover Financial Services in the fourth quarter valued at approximately $33,000. Flagship Wealth Advisors LLC bought a new stake in Discover Financial Services in the 4th quarter valued at $34,000. Grove Bank & Trust lifted its holdings in Discover Financial Services by 78.1% during the 4th quarter. Grove Bank & Trust now owns 203 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 89 shares during the last quarter. Bfsg LLC bought a new position in Discover Financial Services during the fourth quarter worth $35,000. Finally, Hantz Financial Services Inc. acquired a new position in shares of Discover Financial Services in the fourth quarter valued at $37,000. 86.94% of the stock is currently owned by institutional investors and hedge funds.

Discover Financial Services Price Performance

DFS traded up $0.33 on Thursday, hitting $183.00. 1,257,383 shares of the stock were exchanged, compared to its average volume of 1,621,018. The firm has a market capitalization of $46.04 billion, a price-to-earnings ratio of 11.47, a PEG ratio of 1.51 and a beta of 1.20. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.03. Discover Financial Services has a 12 month low of $119.95 and a 12 month high of $205.76. The business has a 50-day moving average of $168.97 and a two-hundred day moving average of $174.46.

Discover Financial Services (NYSE:DFS - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $4.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.33 by $0.92. Discover Financial Services had a net margin of 17.29% and a return on equity of 26.18%. 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 business posted $1.10 EPS. Sell-side analysts forecast that Discover Financial Services will post 13.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on DFS shares. JPMorgan Chase & Co. cut 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 research note on Tuesday, April 8th. UBS Group upgraded Discover Financial Services from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $150.00 to $239.00 in a report on Monday, January 13th. Truist Financial increased their target price on Discover Financial Services from $219.00 to $229.00 and gave the stock a "buy" rating in a research note on Friday, April 25th. StockNews.com downgraded Discover Financial Services from a "buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Finally, Wells Fargo & Company increased their price objective on Discover Financial Services from $185.00 to $214.00 and gave the stock an "equal weight" rating in a research report on Friday, January 24th. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $188.91.

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.