Waldron Private Wealth LLC Has $250,000 Stock Holdings in Discover Financial Services (NYSE:DFS)

According to the latest 13F filing submitted by Waldron Private Wealth LLC to the Securities and Exchange Commission (SEC) on January 14, 2023, the firm reduced its holdings in Discover Financial Services (NYSE: DFS) by 24.7%. This means that they sold off a significant portion of their previously owned shares in the financial services provider.

Prior to this quarterly adjustment, Waldron Private Wealth LLC held 2,964 shares of Discover Financial Services. However, following the sale of 732 shares during the fourth quarter, their remaining position now stands at 2,232 shares. This information is publicly available and can be confirmed by accessing the SEC's EDGAR database and searching for the specific Form 13F filing from Waldron Private Wealth LLC.

The 13F filing is a quarterly report that institutional investors must file with the SEC to disclose their holdings of US equities with a market value exceeding $100,000. By providing this information, the public can gain insight into the investment strategies and positions of these institutional investors.

Discover Financial Services is a direct banking and payment services company based in Riverwoods, Illinois. The company provides various consumer credit products and services through its subsidiaries, including Discover Bank and Discover Network. The sale of shares by Waldron Private Wealth LLC does not necessarily indicate a bearish outlook on the company but could be a result of various reasons such as portfolio rebalancing or a shift in investment strategy.

In summary, Waldron Private Wealth LLC reduced its holdings in Discover Financial Services by 24.7% during the fourth quarter, selling 732 shares and leaving them with 2,232 remaining shares. This information is based on the firm's latest Form 13F filing with the SEC.