Legacy Private Trust Co. lessened its holdings in Discover Financial Services (NYSE:DFS) by 6.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,813 shares of the financial services provider’s stock after selling 1,511 shares during the period. Legacy Private Trust Co.’s holdings in Discover Financial Services were worth $1,850,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in DFS. Nuveen Asset Management LLC lifted its stake in shares of Discover Financial Services by 707.0% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,719,868 shares of the financial services provider’s stock valued at $211,035,000 after purchasing an additional 2,382,825 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Discover Financial Services by 151.1% in the 2nd quarter. AQR Capital Management LLC now owns 2,080,467 shares of the financial services provider’s stock valued at $161,424,000 after purchasing an additional 1,251,827 shares during the last quarter. BlackRock Inc. lifted its stake in Discover Financial Services by 3.7% during the 2nd quarter. BlackRock Inc. now owns 24,713,231 shares of the financial services provider’s stock worth $1,917,500,000 after acquiring an additional 887,296 shares in the last quarter. Schroder Investment Management Group lifted its stake in Discover Financial Services by 72.4% during the 2nd quarter. Schroder Investment Management Group now owns 1,722,219 shares of the financial services provider’s stock worth $133,627,000 after acquiring an additional 723,471 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in Discover Financial Services by 43.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,483,404 shares of the financial services provider’s stock worth $120,291,000 after acquiring an additional 447,827 shares in the last quarter. 84.54% of the stock is currently owned by institutional investors and hedge funds.

Several research firms recently issued reports on DFS. ValuEngine lowered Discover Financial Services from a “sell” rating to a “strong sell” rating in a research note on Friday, January 3rd. Nomura restated a “neutral” rating and set a $89.00 price target (down previously from $96.00) on shares of Discover Financial Services in a report on Thursday, December 5th. Wells Fargo & Co restated a “neutral” rating on shares of Discover Financial Services in a report on Monday, January 6th. Wedbush restated an “outperform” rating on shares of Discover Financial Services in a report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. upped their price target on Discover Financial Services from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $86.63.

Shares of DFS traded up $0.16 during mid-day trading on Tuesday, reaching $83.04. The company’s stock had a trading volume of 1,316,766 shares, compared to its average volume of 1,516,660. Discover Financial Services has a 12-month low of $62.11 and a 12-month high of $92.98. The stock has a market cap of $25.92 billion, a PE ratio of 10.66, a price-to-earnings-growth ratio of 1.18 and a beta of 1.61. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.28 and a quick ratio of 1.28. The company’s 50 day moving average is $84.69 and its 200 day moving average is $82.53.

Discover Financial Services (NYSE:DFS) last released its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $2.36 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.07. Discover Financial Services had a return on equity of 26.79% and a net margin of 20.97%. The business had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the prior year, the business posted $2.05 EPS. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Discover Financial Services will post 9.06 EPS for the current fiscal year.

About Discover Financial Services

Discover Financial Services, through its subsidiaries, operates as a direct banking and payment services company in the United States. The Direct Banking segment offers Discover-branded credit cards to individuals; and other consumer products and services, including private student loans, personal loans, home equity loans, and other consumer lending, as well as deposit products, such as certificates of deposit, money market accounts, savings accounts, checking accounts, and individual retirement arrangement certificates of deposit.

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

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