Janus Henderson Group PLC Sells 1,724 Shares of Discover Financial Services (NYSE:DFS)

Janus Henderson Group PLC lowered its position in shares of Discover Financial Services (NYSE:DFS) by 4.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 35,014 shares of the financial services provider’s stock after selling 1,724 shares during the period. Janus Henderson Group PLC’s holdings in Discover Financial Services were worth $6,073,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in shares of Discover Financial Services in the 4th quarter valued at about $33,000. Flagship Wealth Advisors LLC bought a new stake in shares of Discover Financial Services in the 4th quarter valued at about $34,000. Grove Bank & Trust grew its position in shares of Discover Financial Services by 78.1% in the 4th quarter. Grove Bank & Trust now owns 203 shares of the financial services provider’s stock valued at $35,000 after buying an additional 89 shares during the last quarter. Bfsg LLC bought a new stake in shares of Discover Financial Services in the 4th quarter valued at about $35,000. Finally, Hantz Financial Services Inc. bought a new stake in shares of Discover Financial Services in the 4th quarter valued at about $37,000. Institutional investors own 86.94% of the company’s stock.

Discover Financial Services Stock Up 0.3%

Shares of Discover Financial Services stock opened at $201.10 on Friday. Discover Financial Services has a one year low of $119.95 and a one year high of $207.42. 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 stock’s 50-day moving average is $172.34 and its 200 day moving average is $178.47. The firm has a market cap of $50.61 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 1.51 and a beta of 1.16.

Discover Financial Services (NYSE:DFS) last posted its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $4.25 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.25 billion. During the same period in the prior year, the business earned $1.10 EPS. Equities research analysts anticipate that Discover Financial Services will post 13.88 EPS for the current year.

Wall Street Analysts Forecast Growth

DFS has been the topic of a number of analyst reports. StockNews.com lowered Discover Financial Services from a “buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Royal Bank of Canada upped their price target on Discover Financial Services from $193.00 to $210.00 and gave the company a “sector perform” rating in a research report on Friday, January 24th. Wells Fargo & Company upped their price target on Discover Financial Services from $185.00 to $214.00 and gave the company an “equal weight” rating in a research report on Friday, January 24th. Barclays upped their target price on Discover Financial Services from $186.00 to $209.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Finally, Jefferies Financial Group restated a “hold” rating and set a $180.00 target price on shares of Discover Financial Services in a research report on Wednesday, May 7th. Eight 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. According to MarketBeat, Discover Financial Services has a consensus rating of “Moderate Buy” and an average price target of $191.64.

Discover Financial Services Company 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.