E. Ohman J or Asset Management AB Reduces Position in Discover Financial Services (NYSE:DFS)

E. Ohman J or Asset Management AB lessened its holdings in shares of Discover Financial Services (NYSE:DFS) by 5.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,130 shares of the financial services provider’s stock after selling 600 shares during the period. E. Ohman J or Asset Management AB’s holdings in Discover Financial Services were worth $1,900,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DFS. SBI Securities Co. Ltd. purchased a new stake in Discover Financial Services during the 4th quarter valued at about $33,000. Flagship Wealth Advisors LLC purchased a new stake in shares of Discover Financial Services in the 4th quarter valued at approximately $34,000. Mattson Financial Services LLC purchased a new stake in shares of Discover Financial Services in the 4th quarter valued at approximately $34,000. Bfsg LLC purchased a new stake in shares of Discover Financial Services in the 4th quarter valued at approximately $35,000. Finally, Mascagni Wealth Management Inc. purchased a new stake in shares of Discover Financial Services in the 4th quarter valued at approximately $41,000. Hedge funds and other institutional investors own 86.94% of the company’s stock.

Wall Street Analyst Weigh In

DFS has been the subject of several analyst reports. TD Securities dropped their price target on shares of Discover Financial Services from $188.00 to $184.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Truist Financial upped their price objective on shares of Discover Financial Services from $219.00 to $229.00 and gave the stock a “buy” rating in a report on Friday, April 25th. Argus upgraded shares of Discover Financial Services to a “strong-buy” rating in a report on Friday, April 25th. JPMorgan Chase & Co. decreased their price objective on shares of Discover Financial Services from $169.00 to $129.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $180.00 price objective on shares of Discover Financial Services in a report on Wednesday, May 7th. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $191.64.

Discover Financial Services Trading Down 1.4%

NYSE DFS opened at $197.76 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.09. The firm has a market cap of $49.77 billion, a PE ratio of 12.39, a P/E/G ratio of 1.51 and a beta of 1.16. Discover Financial Services has a one year low of $120.97 and a one year high of $207.42. The firm’s fifty day moving average is $182.49 and its two-hundred day moving average is $181.40.

Discover Financial Services (NYSE:DFS) last released its earnings results on Wednesday, April 23rd. The financial services provider reported $4.25 EPS for the quarter, topping the consensus estimate of $3.33 by $0.92. Discover Financial Services had a net margin of 17.29% and a return on equity of 26.18%. The company had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.25 billion. During the same quarter last year, the business earned $1.10 EPS. Analysts expect that Discover Financial Services will post 13.88 earnings per share for the current 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.