Discover Financial Services (NYSE:DFS) Shares Sold by Laird Norton Wetherby Wealth Management LLC

Laird Norton Wetherby Wealth Management LLC trimmed its position in Discover Financial Services (NYSE:DFS) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,625 shares of the financial services provider’s stock after selling 164 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in Discover Financial Services were worth $974,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Czech National Bank grew its holdings in shares of Discover Financial Services by 6.4% during the 4th quarter. Czech National Bank now owns 54,438 shares of the financial services provider’s stock worth $9,430,000 after purchasing an additional 3,292 shares during the period. Aprio Wealth Management LLC purchased a new position in Discover Financial Services during the fourth quarter worth about $225,000. Fiduciary Alliance LLC acquired a new stake in Discover Financial Services in the 4th quarter valued at approximately $506,000. Brookstone Capital Management purchased a new stake in Discover Financial Services in the fourth quarter valued at approximately $282,000. Finally, Capital Investment Advisors LLC lifted its stake in Discover Financial Services by 4.6% during the fourth quarter. Capital Investment Advisors LLC now owns 1,687 shares of the financial services provider’s stock worth $292,000 after purchasing an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 86.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on DFS shares. Royal Bank of Canada lifted their price objective on Discover Financial Services from $193.00 to $210.00 and gave the company a “sector perform” rating in a research note on Friday, January 24th. Barclays boosted their price target on shares of Discover Financial Services from $186.00 to $209.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. StockNews.com lowered shares of Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Tuesday, April 15th. Jefferies Financial Group reaffirmed a “hold” rating and set a $180.00 target price on shares of Discover Financial Services in a research note on Wednesday, May 7th. Finally, Argus raised shares of Discover Financial Services to a “strong-buy” rating in a research report on Friday, April 25th. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $191.64.

Discover Financial Services Stock Performance

Shares of DFS stock opened at $199.67 on Thursday. The company has a market cap of $50.25 billion, a P/E ratio of 12.51, a PEG ratio of 1.51 and a beta of 1.16. The firm has a fifty day moving average price of $170.61 and a 200 day moving average price of $177.63. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. Discover Financial Services has a 12 month low of $119.95 and a 12 month high of $207.42.

Discover Financial Services (NYSE:DFS) last released 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. 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 during the quarter, compared to analysts’ expectations of $4.25 billion. During the same period in the prior year, the firm posted $1.10 EPS. Sell-side analysts predict that Discover Financial Services will post 13.88 earnings per share for the current fiscal 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.