Discover Financial Services (NYSE:DFS) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. decreased its holdings in Discover Financial Services (NYSE:DFS) by 39.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 228 shares of the financial services provider’s stock after selling 149 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Discover Financial Services were worth $39,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DFS. Acadian Asset Management LLC raised its position in shares of Discover Financial Services by 3,445.0% in the 2nd quarter. Acadian Asset Management LLC now owns 5,991 shares of the financial services provider’s stock valued at $783,000 after purchasing an additional 5,822 shares in the last quarter. Thoroughbred Financial Services LLC bought a new stake in shares of Discover Financial Services in the second quarter worth $266,000. J.W. Cole Advisors Inc. acquired a new stake in Discover Financial Services in the second quarter valued at $342,000. Citizens Financial Group Inc. RI raised its holdings in Discover Financial Services by 146.0% in the second quarter. Citizens Financial Group Inc. RI now owns 3,889 shares of the financial services provider’s stock valued at $509,000 after acquiring an additional 2,308 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Discover Financial Services by 25.8% during the 2nd quarter. Renaissance Technologies LLC now owns 225,600 shares of the financial services provider’s stock valued at $29,511,000 after acquiring an additional 46,300 shares during the last quarter. Hedge funds and other institutional investors own 86.94% of the company’s stock.

Discover Financial Services Stock Up 3.7 %

DFS stock opened at $187.49 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.08 and a debt-to-equity ratio of 1.28. The firm’s 50-day simple moving average is $176.40 and its 200 day simple moving average is $151.42. The stock has a market cap of $47.12 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 1.12 and a beta of 1.46. Discover Financial Services has a fifty-two week low of $96.46 and a fifty-two week high of $188.99.

Discover Financial Services (NYSE:DFS) last announced its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $3.69 EPS for the quarter, beating the consensus estimate of $3.28 by $0.41. The company had revenue of $5.91 billion for the quarter, compared to analyst estimates of $4.36 billion. Discover Financial Services had a net margin of 13.78% and a return on equity of 21.38%. During the same quarter last year, the business earned $2.59 earnings per share. As a group, sell-side analysts predict that Discover Financial Services will post 13.43 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Barclays raised shares of Discover Financial Services from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $137.00 to $186.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. lowered their price objective on Discover Financial Services from $150.00 to $146.00 and set a “neutral” rating for the company in a report on Tuesday. UBS Group raised Discover Financial Services from a “neutral” rating to a “buy” rating and increased their target price for the stock from $150.00 to $239.00 in a report on Monday. Wells Fargo & Company lifted their target price on Discover Financial Services from $160.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Friday, January 3rd. Finally, Evercore ISI upped their price target on Discover Financial Services from $156.00 to $163.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Eleven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $164.75.

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.