Deutsche Bank AG Sells 245,698 Shares of Discover Financial Services (NYSE:DFS)

Deutsche Bank AG trimmed its position in shares of Discover Financial Services (NYSE:DFS) by 21.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 922,975 shares of the financial services provider’s stock after selling 245,698 shares during the quarter. Deutsche Bank AG owned approximately 0.37% of Discover Financial Services worth $159,887,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in DFS. Raymond James Financial Inc. bought a new position in Discover Financial Services in the fourth quarter worth $38,489,000. Brookstone Capital Management purchased a new position in Discover Financial Services during the 4th quarter valued at about $282,000. Meyer Handelman Co. bought a new stake in Discover Financial Services during the fourth quarter worth about $239,000. Mechanics Bank Trust Department purchased a new stake in Discover Financial Services in the fourth quarter worth about $234,000. Finally, JBGlobal.com LLC bought a new position in shares of Discover Financial Services during the fourth quarter valued at approximately $346,000. Hedge funds and other institutional investors own 86.94% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DFS. Jefferies Financial Group restated a “hold” rating and issued a $180.00 price target on shares of Discover Financial Services in a research note on Wednesday. Royal Bank of Canada raised their price target on Discover Financial Services from $193.00 to $210.00 and gave the company a “sector perform” rating in a report on Friday, January 24th. StockNews.com cut shares of Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Tuesday, April 15th. Truist Financial raised their price objective on shares of Discover Financial Services from $219.00 to $229.00 and gave the company a “buy” rating in a research note on Friday, April 25th. Finally, Barclays increased their price target on shares of Discover Financial Services from $186.00 to $209.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Discover Financial Services has an average rating of “Moderate Buy” and an average price target of $191.64.

Discover Financial Services Price Performance

NYSE DFS opened at $190.10 on Friday. The stock has a market capitalization of $47.84 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 1.51 and a beta of 1.16. Discover Financial Services has a 1-year low of $119.95 and a 1-year high of $205.76. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.03. The business’s fifty day moving average price is $168.89 and its 200-day moving average price is $176.46.

Discover Financial Services (NYSE:DFS) last posted its 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. The company had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.25 billion. Discover Financial Services had a return on equity of 26.18% and a net margin of 17.29%. During the same quarter in the prior year, the company earned $1.10 earnings per share. On average, equities analysts predict that Discover Financial Services will post 13.88 earnings per share for the current year.

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.