Almanack Investment Partners LLC. Sells 516 Shares of Discover Financial Services (NYSE:DFS)

Almanack Investment Partners LLC. lowered its position in shares of Discover Financial Services (NYSE:DFS) by 27.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,367 shares of the financial services provider’s stock after selling 516 shares during the period. Almanack Investment Partners LLC.’s holdings in Discover Financial Services were worth $233,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in DFS. Brighton Jones LLC increased its stake in shares of Discover Financial Services by 2.9% during the fourth quarter. Brighton Jones LLC now owns 4,378 shares of the financial services provider’s stock worth $758,000 after purchasing an additional 125 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of Discover Financial Services during the fourth quarter worth approximately $406,000. IFP Advisors Inc increased its stake in shares of Discover Financial Services by 13.2% during the fourth quarter. IFP Advisors Inc now owns 2,311 shares of the financial services provider’s stock worth $400,000 after purchasing an additional 269 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Discover Financial Services during the fourth quarter worth approximately $36,219,000. Finally, Parkside Financial Bank & Trust increased its stake in shares of Discover Financial Services by 8.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,848 shares of the financial services provider’s stock worth $320,000 after purchasing an additional 137 shares during the period. Institutional investors own 86.94% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on DFS shares. Jefferies Financial Group reissued a “hold” rating and set a $180.00 price target on shares of Discover Financial Services in a research report on Wednesday, May 7th. Truist Financial increased their price target on Discover Financial Services from $219.00 to $229.00 and gave the stock a “buy” rating in a research report on Friday, April 25th. JPMorgan Chase & Co. reduced their price target on 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. Argus raised Discover Financial Services to a “strong-buy” rating in a research report on Friday, April 25th. Finally, TD Securities reduced their price target on Discover Financial Services from $188.00 to $184.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Discover Financial Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $191.64.

Discover Financial Services Trading Down 1.4%

Shares of DFS stock opened at $197.76 on Friday. The stock’s fifty day moving average price is $194.14 and its two-hundred day moving average price is $183.39. The company has a market cap of $49.77 billion, a PE ratio of 12.39, a P/E/G ratio of 1.51 and a beta of 1.16. Discover Financial Services has a fifty-two week low of $122.37 and a fifty-two week high of $207.42. 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 issued its earnings results on Wednesday, April 23rd. The financial services provider reported $4.25 earnings per share for the quarter, beating analysts’ consensus estimates of $3.33 by $0.92. The firm had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.25 billion. Discover Financial Services had a return on equity of 26.18% and a net margin of 17.29%. During the same quarter last year, the business posted $1.10 EPS. Equities analysts predict that Discover Financial Services will post 13.88 EPS for the current fiscal year.

About Discover Financial Services

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.