Discover Financial Services (NYSE:DFS) Shares Sold by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. lessened its holdings in shares of Discover Financial Services (NYSE:DFS) by 98.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 150 shares of the financial services provider’s stock after selling 8,000 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Discover Financial Services were worth $26,000 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. DiNuzzo Private Wealth Inc. increased its position in Discover Financial Services by 506.5% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 157 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Discover Financial Services in the third quarter valued at approximately $30,000. Pinnacle Bancorp Inc. grew its position in Discover Financial Services by 37.1% in the third quarter. Pinnacle Bancorp Inc. now owns 292 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 79 shares in the last quarter. Venturi Wealth Management LLC grew its position in Discover Financial Services by 27.4% in the third quarter. Venturi Wealth Management LLC now owns 316 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 68 shares in the last quarter. Finally, Friedenthal Financial acquired a new stake in Discover Financial Services in the fourth quarter valued at approximately $51,000. Institutional investors and hedge funds own 86.94% of the company’s stock.

Discover Financial Services Trading Up 1.2 %

Shares of NYSE DFS opened at $187.17 on Friday. Discover Financial Services has a one year low of $96.46 and a one year high of $189.27. The firm has a market capitalization of $47.04 billion, a PE ratio of 15.11, a PEG ratio of 0.99 and a beta of 1.46. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. The business has a 50-day moving average price of $176.94 and a two-hundred day moving average price of $152.28.

Discover Financial Services (NYSE:DFS) last announced its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.28 by $0.41. The business had revenue of $5.91 billion during the quarter, compared to analyst estimates of $4.36 billion. Discover Financial Services had a return on equity of 22.08% and a net margin of 13.78%. During the same period in the previous year, the company earned $2.59 EPS. As a group, analysts predict that Discover Financial Services will post 14.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on DFS shares. Keefe, Bruyette & Woods increased their price objective on shares of Discover Financial Services from $170.00 to $232.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. lowered their price objective on shares of Discover Financial Services from $150.00 to $146.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Wells Fargo & Company increased their target price on Discover Financial Services from $160.00 to $185.00 and gave the company an “equal weight” rating in a research note on Friday, January 3rd. Truist Financial assumed coverage on Discover Financial Services in a research note on Tuesday, January 7th. They set a “buy” rating and a $233.00 target price for the company. Finally, Evercore ISI increased their target price on Discover Financial Services from $156.00 to $163.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.75.

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.