Sculptor Capital LP Has $98.88 Million Position in Discover Financial Services (NYSE:DFS)

Sculptor Capital LP lessened its holdings in shares of Discover Financial Services (NYSE:DFS - Free Report) by 23.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 570,772 shares of the financial services provider's stock after selling 176,426 shares during the quarter. Discover Financial Services makes up 1.3% of Sculptor Capital LP's investment portfolio, making the stock its 13th largest holding. Sculptor Capital LP owned 0.23% of Discover Financial Services worth $98,875,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in Discover Financial Services in the 4th quarter worth approximately $33,000. Flagship Wealth Advisors LLC acquired a new stake in Discover Financial Services in the 4th quarter worth approximately $34,000. Grove Bank & Trust lifted its holdings in 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 purchasing an additional 89 shares during the last quarter. Bfsg LLC acquired a new stake in Discover Financial Services in the 4th quarter worth approximately $35,000. Finally, Hantz Financial Services Inc. acquired a new stake in Discover Financial Services in the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 86.94% of the company's stock.

Discover Financial Services Price Performance

NYSE:DFS traded down $2.73 during trading hours on Tuesday, reaching $197.76. The company had a trading volume of 31,289,322 shares, compared to its average volume of 1,789,095. The stock has a 50-day moving average of $173.02 and a two-hundred day moving average of $179.00. Discover Financial Services has a one year low of $119.95 and a one year high of $207.42. The firm has a market capitalization of $49.77 billion, a PE ratio of 12.39, a PEG ratio of 1.51 and a beta of 1.16. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 1.09.

Discover Financial Services (NYSE:DFS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $4.25 earnings per share for the quarter, beating 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 firm had revenue of $4.25 billion for the quarter, compared to analysts' expectations of $4.25 billion. During the same period in the prior year, the business posted $1.10 earnings per share. Analysts forecast that Discover Financial Services will post 13.88 earnings per share for the current year.

Wall Street Analyst Weigh In

DFS has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their target price on Discover Financial Services from $169.00 to $129.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. TD Securities cut their price target on Discover Financial Services from $188.00 to $184.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Barclays upped their price target on Discover Financial Services from $186.00 to $209.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Truist Financial upped their price target on Discover Financial Services from $219.00 to $229.00 and gave the stock a "buy" rating in a report on Friday, April 25th. Finally, Argus upgraded Discover Financial Services to a "strong-buy" rating in a report on Friday, April 25th. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $191.64.

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.