Point72 Europe London LLP Sells 900 Shares of Discover Financial Services (NYSE:DFS)

Point72 Europe London LLP decreased its stake in shares of Discover Financial Services (NYSE:DFS) by 0.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 275,301 shares of the financial services provider’s stock after selling 900 shares during the period. Discover Financial Services accounts for about 2.8% of Point72 Europe London LLP’s holdings, making the stock its 8th largest position. Point72 Europe London LLP’s holdings in Discover Financial Services were worth $47,690,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. bought a new stake in Discover Financial Services during the fourth quarter valued at about $33,000. Flagship Wealth Advisors LLC bought a new position in Discover Financial Services during the fourth quarter worth $34,000. Grove Bank & Trust boosted its holdings in Discover Financial Services by 78.1% in the 4th quarter. Grove Bank & Trust now owns 203 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 89 shares during the period. Bfsg LLC acquired a new stake in Discover Financial Services in the 4th quarter worth $35,000. Finally, Hantz Financial Services Inc. bought a new position in shares of Discover Financial Services during the 4th quarter worth about $37,000. 86.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on DFS shares. Jefferies Financial Group reissued a “hold” rating and set a $180.00 target price on shares of Discover Financial Services in a research report on Wednesday, May 7th. Truist Financial boosted their target price on shares of Discover Financial Services from $219.00 to $229.00 and gave the stock a “buy” rating in a research note on Friday, April 25th. JPMorgan Chase & Co. decreased 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 note on Tuesday, April 8th. Barclays upped their price objective on Discover Financial Services from $186.00 to $209.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Finally, StockNews.com lowered Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Tuesday, April 15th. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $191.64.

Discover Financial Services Stock Performance

Shares of DFS stock opened at $199.67 on Thursday. The company has a market capitalization of $50.25 billion, a P/E ratio of 12.51, a price-to-earnings-growth ratio of 1.51 and a beta of 1.16. Discover Financial Services has a 52 week low of $119.95 and a 52 week high of $207.42. The company’s 50 day moving average price is $170.61 and its two-hundred day moving average price is $177.63. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.09.

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

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.