HCR Wealth Advisors Sells 62 Shares of Discover Financial Services (NYSE:DFS)

HCR Wealth Advisors lessened its holdings in Discover Financial Services (NYSE:DFS) by 1.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,198 shares of the financial services provider’s stock after selling 62 shares during the period. HCR Wealth Advisors’ holdings in Discover Financial Services were worth $546,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of DFS. Rehmann Capital Advisory Group boosted its stake in shares of Discover Financial Services by 1.0% during the 4th quarter. Rehmann Capital Advisory Group now owns 5,152 shares of the financial services provider’s stock worth $892,000 after acquiring an additional 51 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in Discover Financial Services by 4.2% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,411 shares of the financial services provider’s stock worth $244,000 after purchasing an additional 57 shares during the last quarter. MGO One Seven LLC boosted its position in Discover Financial Services by 3.2% during the fourth quarter. MGO One Seven LLC now owns 1,821 shares of the financial services provider’s stock worth $315,000 after purchasing an additional 57 shares during the period. Miracle Mile Advisors LLC grew its holdings in Discover Financial Services by 2.3% during the first quarter. Miracle Mile Advisors LLC now owns 2,799 shares of the financial services provider’s stock valued at $478,000 after purchasing an additional 63 shares during the last quarter. Finally, Midwest Professional Planners LTD. raised its position in shares of Discover Financial Services by 0.8% in the fourth quarter. Midwest Professional Planners LTD. now owns 8,464 shares of the financial services provider’s stock valued at $1,466,000 after purchasing an additional 64 shares during the period. 86.94% of the stock is currently owned by institutional investors.

Discover Financial Services Trading Down 1.4%

Shares of DFS opened at $197.76 on Thursday. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. The stock has a market cap of $49.77 billion, a PE ratio of 12.39, a PEG ratio of 1.51 and a beta of 1.16. Discover Financial Services has a 1 year low of $122.34 and a 1 year high of $207.42. The stock has a 50 day simple moving average of $188.67 and a 200-day simple moving average of $182.38.

Discover Financial Services (NYSE:DFS) last posted its earnings results on Wednesday, April 23rd. The financial services provider reported $4.25 earnings per share for the quarter, topping the consensus estimate of $3.33 by $0.92. Discover Financial Services had a net margin of 17.29% and a return on equity of 26.18%. The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.25 billion. During the same quarter in the prior year, the firm earned $1.10 EPS. On average, sell-side analysts predict that Discover Financial Services will post 13.88 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on DFS shares. Argus upgraded shares of Discover Financial Services to a “strong-buy” rating in a research note on Friday, April 25th. TD Securities lowered 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. Jefferies Financial Group reiterated a “hold” rating and issued a $180.00 price objective on shares of Discover Financial Services in a research note on Wednesday, May 7th. JPMorgan Chase & Co. decreased their target price on Discover Financial Services from $169.00 to $129.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Finally, Truist Financial lifted 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. Seven 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, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $191.64.

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.