Discover Financial Services Trading Volume Surges 128.84% to $538 Million Ranking 164th in Daily Market

On May 7, 2025, Discover Financial Services (DFS) saw a significant surge in trading volume, with a turnover of $538 million, marking a 128.84% increase from the previous day. This substantial rise in trading activity placed DFS at the 164th position in the daily stock market rankings. The stock price of DFS also experienced a modest increase of 0.55%.

Jefferies recently revised its outlook for Discover Financial Services, downgrading the stock from a Buy to a Hold rating. This change in sentiment comes as the company prepares for its acquisition by Capital One, which has received key regulatory approvals. The merger, valued at $35 billion, is set to create one of the largest credit card issuers in the United States.

Despite the downgrade, institutional interest in Discover Financial Services remains robust. According to Fintel, the number of funds or institutions holding positions in DFS has increased by 4.21% in the last quarter, with the average portfolio weight dedicated to DFS rising by 126.61%. The total shares owned by institutions have also seen a 1.06% increase over the past three months, reaching 249,394K shares.

Several major investors have adjusted their holdings in DFS. Capital World Investors, for instance, has reduced its shareholding by 7.12% but increased its portfolio allocation by 12.88%. Vanguard Total Stock Market Index Fund Investor Shares and Vanguard 500 Index Fund Investor Shares have also made significant adjustments, with the former increasing its portfolio allocation by 20.10% and the latter by 20.74%. Geode Capital Management has increased its shareholding by 2.65% and its portfolio allocation by 21.66%.