Mutual of America Capital Management LLC Reduces Position in Discover Financial Services (NYSE:DFS)

Mutual of America Capital Management LLC lowered its position in Discover Financial Services (NYSE:DFS) by 29.1% in the fourth quarter, HoldingsChannel reports. The firm owned 33,503 shares of the financial services provider’s stock after selling 13,739 shares during the period. Mutual of America Capital Management LLC’s holdings in Discover Financial Services were worth $3,766,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Bruce G. Allen Investments LLC purchased a new stake in shares of Discover Financial Services in the fourth quarter valued at about $28,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Discover Financial Services in the fourth quarter valued at about $35,000. Resurgent Financial Advisors LLC purchased a new stake in shares of Discover Financial Services in the fourth quarter valued at about $31,000. Compass Wealth Management LLC purchased a new stake in shares of Discover Financial Services in the fourth quarter valued at about $34,000. Finally, Aspire Private Capital LLC grew its holdings in shares of Discover Financial Services by 180.0% in the fourth quarter. Aspire Private Capital LLC now owns 350 shares of the financial services provider’s stock valued at $34,240,500,000 after purchasing an additional 225 shares during the period. Hedge funds and other institutional investors own 86.94% of the company’s stock.

Analysts Set New Price Targets

DFS has been the subject of several research analyst reports. HSBC increased their target price on shares of Discover Financial Services from $107.00 to $144.00 and gave the stock a “hold” rating in a research note on Thursday, March 21st. Citigroup increased their target price on shares of Discover Financial Services from $127.00 to $168.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Evercore ISI increased their target price on shares of Discover Financial Services from $117.00 to $140.00 and gave the stock an “in-line” rating in a research note on Thursday, February 22nd. Wolfe Research reaffirmed a “peer perform” rating on shares of Discover Financial Services in a research note on Wednesday, February 21st. Finally, BMO Capital Markets lowered their target price on shares of Discover Financial Services from $116.00 to $104.00 and set a “market perform” rating for the company in a research note on Monday, January 22nd. Twelve research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Discover Financial Services has a consensus rating of “Hold” and an average target price of $125.22.

Insider Activity at Discover Financial Services

In related news, CFO John Greene sold 35,191 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $106.51, for a total value of $3,748,193.41. Following the sale, the chief financial officer now owns 18,592 shares of the company’s stock, valued at $1,980,233.92. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is owned by corporate insiders.

Discover Financial Services Stock Down 1.5 %

Shares of NYSE:DFS opened at $119.54 on Wednesday. The firm’s 50 day moving average price is $121.11 and its 200 day moving average price is $105.42. The stock has a market cap of $29.95 billion, a price-to-earnings ratio of 10.63, a price-to-earnings-growth ratio of 0.86 and a beta of 1.45. Discover Financial Services has a fifty-two week low of $79.04 and a fifty-two week high of $131.65. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.49.

Discover Financial Services (NYSE:DFS) last issued its earnings results on Thursday, January 18th. The financial services provider reported $1.54 earnings per share for the quarter, missing the consensus estimate of $2.50 by ($0.96). The firm had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.10 billion. Discover Financial Services had a net margin of 14.30% and a return on equity of 22.24%. The firm’s revenue was up 12.8% compared to the same quarter last year. During the same period last year, the business earned $3.77 EPS. As a group, equities research analysts predict that Discover Financial Services will post 11.2 earnings per share for the current fiscal year.

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; private student loans, 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.