Crossmark Global Holdings Inc. Decreases Stock Holdings in Discover Financial Services (NYSE:DFS)

Crossmark Global Holdings Inc. cut its stake in Discover Financial Services (NYSE:DFS) by 11.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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).

A number of other hedge funds and other institutional investors have also modified their holdings of DFS. UMB Bank n.a. lifted its position in shares of Discover Financial Services by 0.6% during the 4th quarter. UMB Bank n.a. now owns 9,248 shares of the financial services provider’s stock worth $1,602,000 after purchasing an additional 56 shares during the last quarter. Invst LLC lifted its holdings in Discover Financial Services by 0.9% during the 3rd quarter. Invst LLC now owns 7,253 shares of the financial services provider’s stock worth $1,018,000 after buying an additional 62 shares during the last quarter. CTC Alternative Strategies Ltd. boosted its position in shares of 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 acquiring an additional 63 shares in the last quarter. Eagle Bluffs Wealth Management LLC increased its holdings in shares of 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 acquiring an additional 67 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of Discover Financial Services by 27.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 316 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 68 shares during the last quarter. 86.94% of the stock is owned by institutional investors and hedge funds.

Discover Financial Services Stock Performance

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. The firm has a market cap of $47.62 billion, a price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 1.09 and a beta of 1.46. The firm’s fifty day moving average price is $177.06 and its 200 day moving average price is $152.94. Discover Financial Services has a 1-year low of $97.69 and a 1-year high of $190.13.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DFS. Barclays raised Discover Financial Services from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $137.00 to $186.00 in a report on Monday, January 6th. UBS Group raised shares of Discover Financial Services from a “neutral” rating to a “buy” rating and increased their target price for the company from $150.00 to $239.00 in a research report on Monday, January 13th. JPMorgan Chase & Co. reduced their price target on shares of 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. Wells Fargo & Company raised their price objective on Discover Financial Services from $160.00 to $185.00 and gave the stock an “equal weight” rating in a report on Friday, January 3rd. Finally, StockNews.com raised Discover Financial Services from a “hold” rating to a “buy” rating in a report on Thursday, January 16th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Discover Financial Services currently has an average rating of “Moderate Buy” and a consensus target price of $171.71.

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.