Discover Financial Services (NYSE:DFS) Stake Decreased by Burney Co.

Burney Co. reduced its holdings in Discover Financial Services (NYSE:DFS) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 187,268 shares of the financial services provider’s stock after selling 3,422 shares during the quarter. Discover Financial Services accounts for 1.1% of Burney Co.’s portfolio, making the stock its 16th largest position. Burney Co.’s holdings in Discover Financial Services were worth $32,440,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in DFS. State Street Corp lifted its position in Discover Financial Services by 0.8% in the third quarter. State Street Corp now owns 10,498,044 shares of the financial services provider’s stock worth $1,472,771,000 after purchasing an additional 80,601 shares during the period. FMR LLC boosted its stake in Discover Financial Services by 8.0% during the third quarter. FMR LLC now owns 7,493,862 shares of the financial services provider’s stock valued at $1,051,314,000 after buying an additional 558,227 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Discover Financial Services by 0.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,834,705 shares of the financial services provider’s stock worth $257,391,000 after acquiring an additional 12,255 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Discover Financial Services by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,728,276 shares of the financial services provider’s stock valued at $242,460,000 after acquiring an additional 7,751 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of Discover Financial Services by 6.7% during the 2nd quarter. Hsbc Holdings PLC now owns 1,181,333 shares of the financial services provider’s stock valued at $154,064,000 after purchasing an additional 73,902 shares in the last quarter. Institutional investors own 86.94% of the company’s stock.

Discover Financial Services Stock Up 2.9 %

Shares of NYSE:DFS opened at $186.13 on Wednesday. Discover Financial Services has a 12 month low of $96.46 and a 12 month high of $188.26. The firm has a market cap of $46.78 billion, a P/E ratio of 15.02, a P/E/G ratio of 1.12 and a beta of 1.46. The company has a quick ratio of 1.04, a current ratio of 1.08 and a debt-to-equity ratio of 1.28. The company’s 50-day moving average price is $176.40 and its two-hundred day moving average price is $151.42.

Discover Financial Services (NYSE:DFS) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.28 by $0.41. The business had revenue of $5.91 billion for the quarter, compared to analyst estimates of $4.36 billion. Discover Financial Services had a return on equity of 21.38% and a net margin of 13.78%. During the same quarter in the prior year, the firm posted $2.59 earnings per share. As a group, research analysts forecast that Discover Financial Services will post 13.43 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on DFS. Royal Bank of Canada increased their target price on shares of Discover Financial Services from $148.00 to $161.00 and gave the company a “sector perform” rating in a research note on Friday, October 18th. Truist Financial initiated coverage on Discover Financial Services in a research note on Tuesday, January 7th. They set a “buy” rating and a $233.00 price objective for the company. Keefe, Bruyette & Woods boosted their target price on Discover Financial Services from $170.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. StockNews.com lowered Discover Financial Services from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Finally, Evercore ISI boosted their price objective on Discover Financial Services from $156.00 to $163.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Eleven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $164.75.

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.