First Bank & Trust grew its position in shares of Discover Financial Services (NYSE:DFS) by 15.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,828 shares of the financial services provider’s stock after purchasing an additional 386 shares during the period. First Bank & Trust’s holdings in Discover Financial Services were worth $201,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of DFS. Financial Gravity Companies Inc. acquired a new stake in shares of Discover Financial Services during the fourth quarter worth approximately $29,000. Cerebellum GP LLC acquired a new stake in shares of Discover Financial Services during the fourth quarter worth approximately $30,000. Massey Quick Simon & CO. LLC acquired a new stake in shares of Discover Financial Services during the fourth quarter worth approximately $30,000. Pinnacle Bank acquired a new stake in shares of Discover Financial Services during the fourth quarter worth approximately $32,000. Finally, Berman Capital Advisors LLC acquired a new stake in shares of Discover Financial Services during the fourth quarter worth approximately $37,000. Institutional investors own 87.29% of the company’s stock.
Discover Financial Services stock opened at $75.81 on Tuesday. The firm has a market capitalization of $25.03 billion, a price-to-earnings ratio of 9.73, a price-to-earnings-growth ratio of 1.10 and a beta of 1.60. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.44 and a quick ratio of 1.44. Discover Financial Services has a 12 month low of $54.36 and a 12 month high of $80.36.
Discover Financial Services (NYSE:DFS) last released its quarterly earnings data on Thursday, January 24th. The financial services provider reported $2.03 EPS for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.06). The business had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.81 billion. Discover Financial Services had a return on equity of 26.22% and a net margin of 21.25%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.51 EPS. On average, analysts anticipate that Discover Financial Services will post 8.64 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on the stock. Morgan Stanley raised their price target on shares of Discover Financial Services from $89.00 to $91.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Compass Point set a $74.00 price target on shares of Discover Financial Services and gave the stock a “hold” rating in a research report on Friday, January 25th. Zacks Investment Research downgraded shares of Discover Financial Services from a “hold” rating to a “sell” rating in a research report on Friday, January 25th. Bank of America set a $80.00 price target on shares of Discover Financial Services and gave the stock a “buy” rating in a research report on Friday, January 25th. Finally, Stephens reissued a “hold” rating and set a $80.00 price target on shares of Discover Financial Services in a research report on Sunday, January 6th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $81.23.
In other Discover Financial Services news, insider David W. Nelms sold 29,300 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $72.46, for a total value of $2,123,078.00. Following the sale, the insider now directly owns 970,891 shares in the company, valued at $70,350,761.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kathryn Mcnamara Corley sold 4,762 shares of the firm’s stock in a transaction on Monday, February 4th. The shares were sold at an average price of $68.39, for a total value of $325,673.18. Following the completion of the sale, the insider now owns 98,870 shares in the company, valued at $6,761,719.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 117,062 shares of company stock valued at $8,124,691. 0.81% of the stock is currently owned by corporate insiders.
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Discover Financial Services Profile
Discover Financial Services, through its subsidiaries, operates as a direct banking and payment services company in the United States. The Direct Banking segment offers Discover-branded credit cards to individuals; and other consumer products and services, including private student loans, personal loans, home equity loans, and other consumer lending, as well as deposit products, such as certificates of deposit, money market accounts, savings accounts, checking accounts, and individual retirement arrangement certificates of deposit.
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