Shell Asset Management Co. Sells 1,397 Shares of Discover Financial Services (NYSE:DFS)

Shell Asset Management Co. lowered its holdings in Discover Financial Services (NYSE:DFS) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,202 shares of the financial services provider’s stock after selling 1,397 shares during the quarter. Shell Asset Management Co.’s holdings in Discover Financial Services were worth $4,019,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DFS. Hemington Wealth Management boosted its position in shares of Discover Financial Services by 11.0% in the 4th quarter. Hemington Wealth Management now owns 503 shares of the financial services provider’s stock worth $87,000 after buying an additional 50 shares in the last quarter. Rehmann Capital Advisory Group boosted its position in shares of Discover Financial Services by 1.0% in the 4th quarter. Rehmann Capital Advisory Group now owns 5,152 shares of the financial services provider’s stock worth $892,000 after buying an additional 51 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Discover Financial Services by 0.6% in the 4th quarter. UMB Bank n.a. now owns 9,248 shares of the financial services provider’s stock worth $1,602,000 after buying an additional 56 shares in the last quarter. Stratos Wealth Partners LTD. boosted its position in shares of Discover Financial Services by 0.9% in the 4th quarter. Stratos Wealth Partners LTD. now owns 6,158 shares of the financial services provider’s stock worth $1,067,000 after buying an additional 57 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its position in shares of 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 buying an additional 57 shares in the last quarter. Institutional investors own 86.94% of the company’s stock.

Discover Financial Services Stock Up 0.0%

Shares of NYSE:DFS opened at $200.18 on Friday. Discover Financial Services has a 52-week low of $119.95 and a 52-week high of $207.42. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $50.38 billion, a price-to-earnings ratio of 12.54, a price-to-earnings-growth ratio of 1.51 and a beta of 1.16. The company has a 50 day moving average of $171.48 and a two-hundred day moving average of $177.96.

Discover Financial Services (NYSE:DFS) last announced 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. The firm had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.25 billion. Discover Financial Services had a return on equity of 26.18% and a net margin of 17.29%. During the same period last year, the business posted $1.10 earnings per share. As a group, analysts forecast that Discover Financial Services will post 13.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on DFS. TD Securities decreased their price objective on shares of 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 restated a “hold” rating and issued a $180.00 target price on shares of Discover Financial Services in a report on Wednesday, May 7th. Argus upgraded shares of Discover Financial Services to a “strong-buy” rating in a report on Friday, April 25th. Royal Bank of Canada upped their target price on shares of Discover Financial Services from $193.00 to $210.00 and gave the company a “sector perform” rating in a report on Friday, January 24th. Finally, Wells Fargo & Company upped their target price on shares of Discover Financial Services from $185.00 to $214.00 and gave the company an “equal weight” rating in a report on Friday, January 24th. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $191.64.

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.