Goldman Sachs Group Inc. Has $217.26 Million Position in Discover Financial Services (NYSE:DFS)

Goldman Sachs Group Inc. lessened its stake in Discover Financial Services (NYSE:DFS) by 13.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,880,088 shares of the financial services provider’s stock after selling 303,577 shares during the period. Goldman Sachs Group Inc. owned about 0.64% of Discover Financial Services worth $217,263,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DFS. CIBC Asset Management Inc lifted its stake in shares of Discover Financial Services by 4.0% in the third quarter. CIBC Asset Management Inc now owns 28,018 shares of the financial services provider’s stock valued at $3,442,000 after buying an additional 1,088 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Discover Financial Services by 2.0% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 89,697 shares of the financial services provider’s stock valued at $11,019,000 after buying an additional 1,720 shares during the period. NN Investment Partners Holdings N.V. lifted its stake in shares of Discover Financial Services by 12.4% in the third quarter. NN Investment Partners Holdings N.V. now owns 91,259 shares of the financial services provider’s stock valued at $11,212,000 after buying an additional 10,044 shares during the period. Orion Portfolio Solutions LLC lifted its stake in shares of Discover Financial Services by 36.7% in the third quarter. Orion Portfolio Solutions LLC now owns 3,308 shares of the financial services provider’s stock valued at $406,000 after buying an additional 888 shares during the period. Finally, Forsta AP Fonden lifted its stake in shares of Discover Financial Services by 2.0% in the third quarter. Forsta AP Fonden now owns 65,900 shares of the financial services provider’s stock valued at $8,096,000 after buying an additional 1,300 shares during the period. Institutional investors and hedge funds own 85.53% of the company’s stock.

Several research firms recently weighed in on DFS. Morgan Stanley reduced their target price on shares of Discover Financial Services from $144.00 to $127.00 and set an “equal weight” rating for the company in a research note on Monday, March 28th. Wolfe Research cut shares of Discover Financial Services from an “outperform” rating to a “peer perform” rating and set a $97.00 price target for the company. in a research note on Thursday. Citigroup raised their price target on shares of Discover Financial Services from $154.00 to $157.00 in a research note on Friday, April 29th. Credit Suisse Group raised their price target on shares of Discover Financial Services from $142.00 to $148.00 and gave the stock an “outperform” rating in a research note on Friday, January 21st. Finally, JPMorgan Chase & Co. cut their price target on shares of Discover Financial Services from $150.00 to $142.00 and set an “overweight” rating for the company in a research note on Wednesday, January 19th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $138.76.

In other Discover Financial Services news, CFO John Greene sold 4,443 shares of the company’s stock in a transaction on Tuesday, February 15th. The shares were sold at an average price of $127.95, for a total transaction of $568,481.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Shifra Kolsky sold 800 shares of the company’s stock in a transaction on Tuesday, February 15th. The shares were sold at an average price of $127.00, for a total transaction of $101,600.00. The disclosure for this sale can be found here. Insiders own 0.59% of the company’s stock.

DFS stock traded up $3.55 during trading on Friday, hitting $104.90. The company had a trading volume of 1,582,553 shares, compared to its average volume of 1,565,017. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.38. The firm has a 50-day moving average price of $111.45 and a 200-day moving average price of $115.52. Discover Financial Services has a 12 month low of $98.38 and a 12 month high of $135.69. The stock has a market cap of $29.47 billion, a price-to-earnings ratio of 6.19, a PEG ratio of 0.24 and a beta of 1.45.

Discover Financial Services (NYSE:DFSGet Rating) last posted its quarterly earnings data on Wednesday, April 27th. The financial services provider reported $4.22 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.64. Discover Financial Services had a net margin of 38.42% and a return on equity of 41.57%. The firm had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the previous year, the company posted $5.04 EPS. Discover Financial Services’s revenue was up 3.8% on a year-over-year basis. Equities analysts expect that Discover Financial Services will post 14.69 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 9th. Investors of record on Thursday, May 26th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Wednesday, May 25th. This is a boost from Discover Financial Services’s previous quarterly dividend of $0.50. Discover Financial Services’s payout ratio is 11.80%.

Discover Financial Services Company Profile (Get Rating)

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; private student loans, 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.

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Institutional Ownership by Quarter for Discover Financial Services (NYSE:DFS)

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