Crossmark Global Holdings Inc. Reduces Position in Discover Financial Services (NYSE:DFS)

Crossmark Global Holdings Inc. trimmed its position in Discover Financial Services (NYSE:DFS) by 11.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,135 shares of the financial services provider’s stock after selling 4,240 shares during the period. Crossmark Global Holdings Inc.’s holdings in Discover Financial Services were worth $5,740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. lifted its holdings in shares of Discover Financial Services by 506.5% during the third quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 157 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in Discover Financial Services during the 3rd quarter worth approximately $30,000. Grove Bank & Trust lifted its stake in Discover Financial Services by 78.1% during the 4th quarter. Grove Bank & Trust now owns 203 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 89 shares during the period. Pinnacle Bancorp Inc. boosted its holdings in shares of Discover Financial Services by 37.1% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 292 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 79 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in shares of 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 worth $44,000 after purchasing an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 86.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on DFS shares. Keefe, Bruyette & Woods upped their price target on shares of Discover Financial Services from $170.00 to $232.00 and gave the company an “outperform” rating in a report on Monday, December 9th. JPMorgan Chase & Co. reduced their price target on Discover Financial Services from $150.00 to $146.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Truist Financial started coverage on Discover Financial Services in a research report on Tuesday, January 7th. They issued a “buy” rating and a $233.00 price objective on the stock. Royal Bank of Canada lifted their target price on shares of Discover Financial Services from $148.00 to $161.00 and gave the company a “sector perform” rating in a report on Friday, October 18th. Finally, Barclays raised shares of Discover Financial Services from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $137.00 to $186.00 in a report on Monday, January 6th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $171.71.

Discover Financial Services Stock Performance

Shares of NYSE:DFS opened at $189.49 on Wednesday. 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 1 year low of $97.69 and a 1 year high of $190.13. The firm has a market capitalization of $47.62 billion, a PE ratio of 15.29, a P/E/G ratio of 1.09 and a beta of 1.46. The business’s 50 day moving average price is $177.06 and its 200-day moving average price is $152.94.

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.