Pinnacle Bancorp Inc. Sells 61 Shares of Discover Financial Services (NYSE:DFS)

Pinnacle Bancorp Inc. reduced its position in Discover Financial Services (NYSE:DFS) by 23.5% during the first quarter, Holdings Channel.com reports. The firm owned 199 shares of the financial services provider’s stock after selling 61 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in Discover Financial Services were worth $34,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DFS. Opal Wealth Advisors LLC acquired a new position in Discover Financial Services during the first quarter worth $25,000. ORG Wealth Partners LLC acquired a new stake in shares of Discover Financial Services in the 1st quarter worth about $26,000. Golden State Wealth Management LLC raised its holdings in shares of Discover Financial Services by 438.2% in the 1st quarter. Golden State Wealth Management LLC now owns 183 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 149 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Discover Financial Services in the 4th quarter valued at about $33,000. Finally, Mattson Financial Services LLC acquired a new position in Discover Financial Services during the 4th quarter valued at about $34,000. 86.94% of the stock is currently owned by institutional investors.

Discover Financial Services Trading Down 1.4%

Shares of Discover Financial Services stock opened at $197.76 on Thursday. The firm has a market cap of $49.77 billion, a PE ratio of 12.39, a P/E/G ratio of 1.51 and a beta of 1.16. Discover Financial Services has a 1 year low of $122.34 and a 1 year high of $207.42. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.03. The stock has a fifty day moving average price of $192.63 and a 200-day moving average price of $183.06.

Discover Financial Services (NYSE:DFS) last posted its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $4.25 earnings per share for the quarter, beating the consensus estimate of $3.33 by $0.92. The company had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.25 billion. Discover Financial Services had a net margin of 17.29% and a return on equity of 26.18%. During the same quarter in the prior year, the business earned $1.10 earnings per share. Equities research analysts anticipate that Discover Financial Services will post 13.88 EPS for the current year.

Analyst Upgrades and Downgrades

DFS has been the subject of several analyst reports. Wall Street Zen downgraded Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Tuesday, April 15th. Argus raised Discover Financial Services to a “strong-buy” rating in a research report on Friday, April 25th. Jefferies Financial Group restated a “hold” rating and set a $180.00 price objective on shares of Discover Financial Services in a research note on Wednesday, May 7th. TD Securities reduced their target price on shares of Discover Financial Services from $188.00 to $184.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Finally, Truist Financial increased their target price on shares of Discover Financial Services from $219.00 to $229.00 and gave the company a “buy” rating in a report on Friday, April 25th. Seven research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $191.64.

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.