Discover Financial Services (NYSE:DFS) Shares Sold by Burney Co.

Burney Co. reduced its stake in Discover Financial Services (NYSE:DFS) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 187,268 shares of the financial services provider’s stock after selling 3,422 shares during the quarter. Discover Financial Services comprises approximately 1.1% of Burney Co.’s portfolio, making the stock its 16th biggest holding. Burney Co. owned approximately 0.07% of Discover Financial Services worth $32,440,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC increased its holdings in shares of Discover Financial Services by 3,445.0% during the 2nd quarter. Acadian Asset Management LLC now owns 5,991 shares of the financial services provider’s stock worth $783,000 after buying an additional 5,822 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of Discover Financial Services by 1.7% in the 2nd quarter. Parallel Advisors LLC now owns 6,172 shares of the financial services provider’s stock worth $807,000 after purchasing an additional 102 shares during the period. Thoroughbred Financial Services LLC acquired a new position in shares of Discover Financial Services in the 2nd quarter valued at about $266,000. Wealthspire Advisors LLC lifted its stake in shares of Discover Financial Services by 16.6% in the 2nd quarter. Wealthspire Advisors LLC now owns 3,443 shares of the financial services provider’s stock valued at $450,000 after purchasing an additional 490 shares in the last quarter. Finally, J.W. Cole Advisors Inc. purchased a new stake in shares of Discover Financial Services during the 2nd quarter worth about $342,000. Institutional investors and hedge funds own 86.94% of the company’s stock.

Wall Street Analysts Forecast Growth

DFS has been the topic of a number of recent research reports. StockNews.com cut shares of Discover Financial Services from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. UBS Group upgraded shares of 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. Keefe, Bruyette & Woods boosted their price target on Discover Financial Services from $170.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Wells Fargo & Company lifted their price objective on Discover Financial Services from $160.00 to $185.00 and gave the stock an “equal weight” rating in a report on Friday, January 3rd. Finally, JPMorgan Chase & Co. reduced their target price on Discover Financial Services from $150.00 to $146.00 and set a “neutral” rating for the company in a research note on Tuesday. Eleven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $164.75.

Discover Financial Services Stock Performance

Shares of DFS stock opened at $186.13 on Wednesday. The company has a market cap of $46.78 billion, a P/E ratio of 15.02, a PEG ratio of 1.12 and a beta of 1.46. The business has a 50 day moving average of $176.40 and a two-hundred day moving average of $151.42. Discover Financial Services has a 52 week low of $96.46 and a 52 week high of $188.26. The company has a quick ratio of 1.04, a current ratio of 1.08 and a debt-to-equity ratio of 1.28.

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

About Discover Financial Services

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.