Oak Thistle LLC Has $843,000 Position in Discover Financial Services (NYSE:DFS)

Oak Thistle LLC trimmed its holdings in Discover Financial Services (NYSE:DFS) by 5.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,866 shares of the financial services provider’s stock after selling 266 shares during the quarter. Oak Thistle LLC’s holdings in Discover Financial Services were worth $843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. State Street Corp lifted its stake in Discover Financial Services by 0.8% in the third quarter. State Street Corp now owns 10,498,044 shares of the financial services provider’s stock valued at $1,472,771,000 after buying an additional 80,601 shares during the period. FMR LLC lifted its position in shares of Discover Financial Services by 8.0% during the 3rd quarter. FMR LLC now owns 7,493,862 shares of the financial services provider’s stock valued at $1,051,314,000 after acquiring an additional 558,227 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Discover Financial Services by 0.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,834,705 shares of the financial services provider’s stock worth $257,391,000 after acquiring an additional 12,255 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Discover Financial Services by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,728,276 shares of the financial services provider’s stock worth $242,460,000 after acquiring an additional 7,751 shares in the last quarter. Finally, Hsbc Holdings PLC grew its holdings in Discover Financial Services by 6.7% in the second quarter. Hsbc Holdings PLC now owns 1,181,333 shares of the financial services provider’s stock worth $154,064,000 after purchasing an additional 73,902 shares during the period. Institutional investors own 86.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DFS. UBS Group upgraded shares of Discover Financial Services from a “neutral” rating to a “buy” rating and upped their price objective for the company from $150.00 to $239.00 in a report on Monday. Truist Financial initiated coverage on Discover Financial Services in a report on Tuesday, January 7th. They issued a “buy” rating and a $233.00 price target on the stock. JPMorgan Chase & Co. decreased 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. Barclays raised Discover Financial Services from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $137.00 to $186.00 in a research report on Monday, January 6th. Finally, Royal Bank of Canada lifted their price target on shares of Discover Financial Services from $148.00 to $161.00 and gave the company a “sector perform” rating in a research report on Friday, October 18th. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $164.75.

Discover Financial Services Stock Performance

Shares of DFS opened at $187.49 on Thursday. The stock has a 50 day moving average of $176.40 and a 200 day moving average of $151.42. The company has a market capitalization of $47.12 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 1.12 and a beta of 1.46. Discover Financial Services has a 12 month low of $96.46 and a 12 month high of $188.99. The company has a current ratio of 1.08, a quick ratio of 1.04 and a debt-to-equity ratio of 1.28.

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