Folger Nolan Fleming Douglas Capital Management Inc. Sells 412 Shares of Discover Financial Services (NYSE:DFS)

Folger Nolan Fleming Douglas Capital Management Inc. trimmed its stake in Discover Financial Services (NYSE:DFS) by 16.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,128 shares of the financial services provider’s stock after selling 412 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Discover Financial Services were worth $369,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

DFS has been the topic of a number of research reports. Keefe, Bruyette & Woods boosted their price objective 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. Royal Bank of Canada upped their price objective on Discover Financial Services from $148.00 to $161.00 and gave the company a “sector perform” rating in a research note on Friday, October 18th. Wells Fargo & Company lifted their target price on shares of Discover Financial Services from $160.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. decreased their price objective on Discover Financial Services from $150.00 to $146.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, UBS Group upgraded 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 research report on Monday, January 13th. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.75.

Discover Financial Services Stock Performance

Shares of Discover Financial Services stock opened at $187.17 on Friday. The business has a 50-day simple moving average of $176.70 and a 200 day simple moving average of $151.90. 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. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.10 and a quick ratio of 1.03. Discover Financial Services has a one year low of $96.46 and a one year high of $189.27.

Discover Financial Services (NYSE:DFS) last released its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share 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 net margin of 13.78% and a return on equity of 22.08%. During the same quarter in the prior year, the company posted $2.59 earnings per share. On average, research analysts anticipate that Discover Financial Services will post 14.17 earnings per share for the current fiscal year.

Discover Financial Services Profile

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.