Discover Financial Services (NYSE:DFS) Position Trimmed by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. decreased its holdings in Discover Financial Services (NYSE:DFS) by 9.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,826 shares of the financial services provider’s stock after selling 1,615 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in Discover Financial Services were worth $2,742,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of DFS. Invst LLC boosted its holdings in Discover Financial Services by 0.9% in the 3rd quarter. Invst LLC now owns 7,253 shares of the financial services provider’s stock valued at $1,018,000 after purchasing an additional 62 shares during the period. CTC Alternative Strategies Ltd. lifted its stake in shares of Discover Financial Services by 3.2% in the third quarter. CTC Alternative Strategies Ltd. now owns 2,047 shares of the financial services provider’s stock valued at $287,000 after buying an additional 63 shares during the period. Eagle Bluffs Wealth Management LLC lifted its stake in shares of Discover Financial Services by 0.5% in the third quarter. Eagle Bluffs Wealth Management LLC now owns 14,501 shares of the financial services provider’s stock valued at $2,034,000 after buying an additional 67 shares during the period. Venturi Wealth Management LLC increased its stake in Discover Financial Services by 27.4% during the third quarter. Venturi Wealth Management LLC now owns 316 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 68 shares during the period. Finally, Capital Investment Advisors LLC raised its holdings in Discover Financial Services by 4.6% in the 4th quarter. Capital Investment Advisors LLC now owns 1,687 shares of the financial services provider’s stock valued at $292,000 after acquiring an additional 74 shares in the last quarter. Institutional investors own 86.94% of the company’s stock.

Discover Financial Services Price Performance

Shares of DFS stock opened at $187.17 on Friday. Discover Financial Services has a 1 year low of $96.46 and a 1 year high of $189.27. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. The firm’s 50 day moving average is $176.94 and its 200-day moving average is $152.28. The firm has a market capitalization of $47.04 billion, a price-to-earnings ratio of 15.11, a PEG ratio of 0.99 and a beta of 1.46.

Discover Financial Services (NYSE:DFS) last posted its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.28 by $0.41. The firm had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $4.36 billion. Discover Financial Services had a return on equity of 22.08% and a net margin of 13.78%. During the same quarter in the prior year, the business earned $2.59 EPS. Sell-side analysts forecast that Discover Financial Services will post 14.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on DFS shares. UBS Group raised shares of Discover Financial Services from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $150.00 to $239.00 in a report on Monday, January 13th. Keefe, Bruyette & Woods raised their target price on Discover Financial Services from $170.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Wells Fargo & Company boosted their price target on Discover Financial Services from $160.00 to $185.00 and gave the company an “equal weight” rating in a research note on Friday, January 3rd. Royal Bank of Canada increased their price objective on Discover Financial Services from $148.00 to $161.00 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Discover Financial Services from $150.00 to $146.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Discover Financial Services currently has a consensus rating of “Moderate Buy” and an average price target of $164.75.

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.