Winmill & CO. Inc. boosted its stake in Discover Financial Services (NYSE:DFS) by 46.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,300 shares of the financial services provider’s stock after purchasing an additional 16,650 shares during the period. Discover Financial Services comprises approximately 1.5% of Winmill & CO. Inc.’s investment portfolio, making the stock its 14th biggest position. Winmill & CO. Inc.’s holdings in Discover Financial Services were worth $4,436,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Nuveen Asset Management LLC grew its holdings in Discover Financial Services by 707.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 2,719,868 shares of the financial services provider’s stock worth $211,035,000 after acquiring an additional 2,382,825 shares during the period. AQR Capital Management LLC grew its holdings in Discover Financial Services by 151.1% during the 2nd quarter. AQR Capital Management LLC now owns 2,080,467 shares of the financial services provider’s stock worth $161,424,000 after acquiring an additional 1,251,827 shares during the period. BlackRock Inc. grew its holdings in Discover Financial Services by 3.7% during the 2nd quarter. BlackRock Inc. now owns 24,713,231 shares of the financial services provider’s stock worth $1,917,500,000 after acquiring an additional 887,296 shares during the period. Schroder Investment Management Group grew its holdings in Discover Financial Services by 72.4% during the 2nd quarter. Schroder Investment Management Group now owns 1,722,219 shares of the financial services provider’s stock worth $133,627,000 after acquiring an additional 723,471 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its holdings in Discover Financial Services by 43.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,483,404 shares of the financial services provider’s stock worth $120,291,000 after acquiring an additional 447,827 shares during the period. Institutional investors and hedge funds own 84.54% of the company’s stock.
Shares of DFS traded up $0.32 during trading hours on Thursday, hitting $83.64. The stock had a trading volume of 1,702,914 shares, compared to its average volume of 1,525,774. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a 50 day simple moving average of $84.63 and a 200-day simple moving average of $82.58. The firm has a market capitalization of $26.12 billion, a P/E ratio of 10.74, a price-to-earnings-growth ratio of 1.18 and a beta of 1.61. Discover Financial Services has a 1-year low of $63.68 and a 1-year high of $92.98.
Discover Financial Services (NYSE:DFS) last issued its earnings results on Tuesday, October 22nd. The financial services provider reported $2.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.29 by $0.07. The company had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.89 billion. Discover Financial Services had a return on equity of 26.79% and a net margin of 20.97%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the business posted $2.05 EPS. Equities analysts predict that Discover Financial Services will post 9.06 EPS for the current fiscal year.
A number of brokerages have weighed in on DFS. JPMorgan Chase & Co. increased their price target on Discover Financial Services from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Nomura reiterated a “neutral” rating and set a $89.00 price target (down from $96.00) on shares of Discover Financial Services in a report on Thursday, December 5th. Wedbush reiterated an “outperform” rating on shares of Discover Financial Services in a report on Wednesday, December 18th. ValuEngine downgraded Discover Financial Services from a “sell” rating to a “strong sell” rating in a report on Friday, January 3rd. Finally, Wells Fargo & Co restated a “neutral” rating on shares of Discover Financial Services in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. Discover Financial Services has an average rating of “Hold” and an average price target of $86.63.
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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