Discover Financial Services (NYSE:DFS) Stock Position Decreased by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund trimmed its position in shares of Discover Financial Services (NYSE:DFS) by 57.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,271 shares of the financial services provider’s stock after selling 9,692 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Discover Financial Services were worth $1,241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in DFS. Opal Wealth Advisors LLC bought a new position in Discover Financial Services during the first quarter valued at approximately $25,000. ORG Wealth Partners LLC acquired a new position in shares of Discover Financial Services during the 1st quarter worth $26,000. SBI Securities Co. Ltd. bought a new position in shares of Discover Financial Services during the 4th quarter valued at $33,000. Flagship Wealth Advisors LLC acquired a new stake in shares of Discover Financial Services in the 4th quarter valued at $34,000. Finally, Mattson Financial Services LLC bought a new stake in Discover Financial Services in the fourth quarter worth $34,000. Institutional investors own 86.94% of the company’s stock.

Discover Financial Services Stock Performance

Shares of NYSE DFS opened at $197.76 on Tuesday. Discover Financial Services has a 12 month low of $122.34 and a 12 month high of $207.42. The company has a market cap of $49.77 billion, a P/E ratio of 12.39, a P/E/G ratio of 1.51 and a beta of 1.16. The business’s 50 day moving average is $191.05 and its two-hundred day moving average is $182.85. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 1.09.

Discover Financial Services (NYSE:DFSGet Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $4.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.33 by $0.92. The business had revenue of $4.25 billion for the quarter, compared to the consensus estimate 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 last year, the company posted $1.10 earnings per share. On average, equities analysts expect that Discover Financial Services will post 13.88 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on DFS. Argus upgraded Discover Financial Services to a “strong-buy” rating in a report on Friday, April 25th. TD Securities lowered their price objective on Discover Financial Services from $188.00 to $184.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Jefferies Financial Group restated a “hold” rating and issued a $180.00 target price on shares of Discover Financial Services in a report on Wednesday, May 7th. Truist Financial upped their target price 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. Finally, JPMorgan Chase & Co. dropped 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 report on Tuesday, April 8th. Seven research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Discover Financial Services has an average rating of “Moderate Buy” and an average target price of $191.64.

Get Our Latest Stock Report on Discover Financial Services

Discover Financial Services Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Discover Financial Services (NYSE:DFS)

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