Shell Asset Management Co. Has $4.02 Million Position in Discover Financial Services (NYSE:DFS)

Shell Asset Management Co. cut its position in shares of Discover Financial Services (NYSE:DFS) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,202 shares of the financial services provider’s stock after selling 1,397 shares during the period. Shell Asset Management Co.’s holdings in Discover Financial Services were worth $4,019,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Hemington Wealth Management lifted its stake in shares of Discover Financial Services by 11.0% during the fourth quarter. Hemington Wealth Management now owns 503 shares of the financial services provider’s stock valued at $87,000 after acquiring an additional 50 shares during the period. Rehmann Capital Advisory Group grew its holdings in shares of Discover Financial Services by 1.0% during the fourth quarter. Rehmann Capital Advisory Group now owns 5,152 shares of the financial services provider’s stock worth $892,000 after buying an additional 51 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Discover Financial Services by 0.6% during the 4th quarter. UMB Bank n.a. now owns 9,248 shares of the financial services provider’s stock worth $1,602,000 after acquiring an additional 56 shares in the last quarter. Stratos Wealth Partners LTD. grew its stake in shares of Discover Financial Services by 0.9% during the 4th quarter. Stratos Wealth Partners LTD. now owns 6,158 shares of the financial services provider’s stock worth $1,067,000 after acquiring an additional 57 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its stake in shares of Discover Financial Services by 4.2% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,411 shares of the financial services provider’s stock worth $244,000 after acquiring an additional 57 shares in the last quarter. 86.94% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on DFS shares. StockNews.com cut shares of Discover Financial Services from a “buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Argus upgraded Discover Financial Services to a “strong-buy” rating in a research report on Friday, April 25th. JPMorgan Chase & Co. decreased their target price 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. Wells Fargo & Company boosted their price target on Discover Financial Services from $185.00 to $214.00 and gave the stock an “equal weight” rating in a report on Friday, January 24th. Finally, Royal Bank of Canada lifted their price objective on Discover Financial Services from $193.00 to $210.00 and gave the stock a “sector perform” rating in a research note on Friday, January 24th. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Discover Financial Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $191.64.

Discover Financial Services Price Performance

Shares of Discover Financial Services stock opened at $200.18 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.03. The business’s 50 day simple moving average is $171.48 and its two-hundred day simple moving average is $177.96. The stock has a market capitalization of $50.38 billion, a P/E ratio of 12.54, a price-to-earnings-growth ratio of 1.51 and a beta of 1.16. Discover Financial Services has a one year low of $119.95 and a one year high of $207.42.

Discover Financial Services (NYSE:DFS) last released its quarterly 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 analyst estimates of $4.25 billion. During the same period in the previous year, the company posted $1.10 earnings per share. Analysts forecast that Discover Financial Services will post 13.88 EPS for the current year.

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.