Discover Financial Services (NYSE:DFS) Shares Sold by Vermillion & White Wealth Management Group LLC

Vermillion & White Wealth Management Group LLC trimmed its stake in Discover Financial Services (NYSE:DFS) by 50.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 369 shares of the financial services provider’s stock after selling 369 shares during the quarter. Vermillion & White Wealth Management Group LLC’s holdings in Discover Financial Services were worth $64,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in Discover Financial Services in the fourth quarter valued at $38,489,000. Brookstone Capital Management bought a new stake in shares of Discover Financial Services during the fourth quarter valued at about $282,000. Mechanics Bank Trust Department bought a new stake in shares of Discover Financial Services during the fourth quarter valued at about $234,000. JBGlobal.com LLC bought a new stake in shares of Discover Financial Services during the fourth quarter valued at about $346,000. Finally, AIA Group Ltd bought a new stake in shares of Discover Financial Services during the fourth quarter valued at about $1,854,000. 86.94% of the stock is currently owned by institutional investors.

Discover Financial Services Trading Up 0.3%

Shares of DFS opened at $201.10 on Monday. The business’s 50-day moving average price is $172.34 and its 200 day moving average price is $178.68. The stock has a market capitalization of $50.61 billion, a P/E ratio of 12.60, a P/E/G 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 $207.42. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09.

Discover Financial Services (NYSE:DFS) last released its earnings results on Wednesday, April 23rd. The financial services provider reported $4.25 earnings per share for the quarter, beating the consensus estimate of $3.33 by $0.92. Discover Financial Services had a return on equity of 26.18% and a net margin of 17.29%. The company had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.25 billion. During the same quarter in the previous year, the business posted $1.10 EPS. Analysts expect that Discover Financial Services will post 13.88 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DFS. Truist Financial lifted 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. StockNews.com cut shares of Discover Financial Services from a “buy” rating to a “hold” rating in a research report on Tuesday, April 15th. JPMorgan Chase & Co. dropped their price target on shares of Discover Financial Services from $169.00 to $129.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Barclays boosted their price target on shares of Discover Financial Services from $186.00 to $209.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $180.00 price target on shares of Discover Financial Services in a research report on Wednesday, May 7th. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $191.64.

Discover Financial Services Company 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.