Discover Financial Services (NYSE:DFS) Shares Purchased by AdvisorNet Financial Inc

AdvisorNet Financial Inc raised its stake in Discover Financial Services (NYSE:DFS) by 18.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,522 shares of the financial services provider’s stock after acquiring an additional 385 shares during the period. AdvisorNet Financial Inc’s holdings in Discover Financial Services were worth $437,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in DFS. National Pension Service boosted its position in Discover Financial Services by 14.8% during the 3rd quarter. National Pension Service now owns 439,756 shares of the financial services provider’s stock valued at $61,693,000 after purchasing an additional 56,814 shares during the period. Nomura Asset Management Co. Ltd. grew its position in Discover Financial Services by 10.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 115,487 shares of the financial services provider’s stock worth $16,202,000 after purchasing an additional 10,946 shares during the last quarter. William B. Walkup & Associates Inc. acquired a new stake in shares of Discover Financial Services in the second quarter valued at approximately $4,835,000. Janney Montgomery Scott LLC bought a new stake in shares of Discover Financial Services during the third quarter valued at approximately $2,415,000. Finally, Versor Investments LP boosted its position in shares of Discover Financial Services by 21.5% during the third quarter. Versor Investments LP now owns 75,963 shares of the financial services provider’s stock worth $10,657,000 after buying an additional 13,427 shares during the period. 86.94% of the stock is owned by institutional investors.

Discover Financial Services Trading Up 3.7 %

Shares of NYSE DFS opened at $187.49 on Thursday. The firm has a market capitalization of $47.12 billion, a PE ratio of 15.13, a PEG ratio of 1.12 and a beta of 1.46. Discover Financial Services has a one year low of $96.46 and a one year high of $188.99. The company has a current ratio of 1.08, a quick ratio of 1.04 and a debt-to-equity ratio of 1.28. The business has a 50-day moving average price of $176.40 and a two-hundred day moving average price of $151.42.

Discover Financial Services (NYSE:DFS) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $3.69 EPS for the quarter, topping the consensus estimate of $3.28 by $0.41. Discover Financial Services had a return on equity of 21.38% and a net margin of 13.78%. The company had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same period in the previous year, the business posted $2.59 EPS. As a group, analysts predict that Discover Financial Services will post 13.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on DFS. Truist Financial began coverage on shares of Discover Financial Services in a research report on Tuesday, January 7th. They set a “buy” rating and a $233.00 price target on the stock. JPMorgan Chase & Co. cut their target price on Discover Financial Services from $150.00 to $146.00 and set a “neutral” rating for the company in a research report on Tuesday. Wells Fargo & Company lifted their price target on Discover Financial Services from $160.00 to $185.00 and gave the company an “equal weight” rating in a research report on Friday, January 3rd. StockNews.com cut Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. Finally, UBS Group upgraded shares of Discover Financial Services from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $150.00 to $239.00 in a research report on Monday. Eleven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $164.75.

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.