Rep. Jefferson Shreve Sells Discover Financial Services (NYSE:DFS) Shares

Representative Jefferson Shreve (R-Indiana) recently sold shares of Discover Financial Services (NYSE:DFS). In a filing disclosed on May 08th, the Representative disclosed that they had sold between $15,001 and $50,000 in Discover Financial Services stock on April 7th.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $50,001 – $100,000 in shares of Chipotle Mexican Grill (NYSE:CMG) on 4/17/2025.
• Purchased $50,001 – $100,000 in shares of Applied Materials (NASDAQ:AMAT) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Caterpillar (NYSE:CAT) on 4/17/2025.
• Sold $15,001 – $50,000 in shares of Lululemon Athletica (NASDAQ:LULU) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Western Digital (NASDAQ:WDC) on 4/17/2025.
• Sold $15,001 – $50,000 in shares of Zoetis (NYSE:ZTS) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Stryker (NYSE:SYK) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of NextEra Energy (NYSE:NEE) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of CSX (NASDAQ:CSX) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Ross Stores (NASDAQ:ROST) on 4/17/2025.

Discover Financial Services Trading Down 1.0%

Shares of DFS opened at $190.10 on Monday. 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 firm’s 50-day moving average is $168.89 and its two-hundred day moving average is $176.92. Discover Financial Services has a twelve month low of $119.95 and a twelve month high of $205.76. The firm has a market capitalization of $47.84 billion, a P/E ratio of 11.91, a PEG ratio of 1.51 and a beta of 1.16.

Discover Financial Services (NYSE:DFS) last issued 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 company had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.25 billion. During the same period in the prior year, the business posted $1.10 earnings per share. On average, research analysts predict that Discover Financial Services will post 13.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DFS has been the topic of several research reports. JPMorgan Chase & Co. lowered 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. UBS Group upgraded shares of Discover Financial Services from a “neutral” rating to a “buy” rating and increased their price target for the company from $150.00 to $239.00 in a research report on Monday, January 13th. Wells Fargo & Company increased their price target on shares of 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 increased their price target on shares of 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, Argus upgraded shares of Discover Financial Services to a “strong-buy” rating in a research report on Friday, April 25th. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.64.

Institutional Trading of Discover Financial Services

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Discover Financial Services by 0.3% during the first quarter. Vanguard Group Inc. now owns 31,151,624 shares of the financial services provider’s stock worth $5,317,582,000 after acquiring an additional 106,416 shares during the last quarter. FMR LLC raised its stake in Discover Financial Services by 0.8% during the fourth quarter. FMR LLC now owns 7,553,016 shares of the financial services provider’s stock worth $1,308,409,000 after purchasing an additional 59,154 shares during the period. Geode Capital Management LLC raised its stake in Discover Financial Services by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 6,240,451 shares of the financial services provider’s stock worth $1,082,826,000 after purchasing an additional 165,589 shares during the period. Norges Bank purchased a new position in Discover Financial Services during the fourth quarter worth approximately $724,720,000. Finally, Invesco Ltd. raised its stake in Discover Financial Services by 38.5% during the fourth quarter. Invesco Ltd. now owns 2,974,471 shares of the financial services provider’s stock worth $515,268,000 after purchasing an additional 826,287 shares during the period. Institutional investors and hedge funds own 86.94% of the company’s stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

Email [email protected] to notify us of updates to this biography.
Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.