Investor s Fiduciary Advisor Network LLC Takes Position in Discover Financial Services (NYSE:DFS)

Investor s Fiduciary Advisor Network LLC purchased a new stake in Discover Financial Services (NYSE:DFS) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,264 shares of the financial services provider’s stock, valued at approximately $218,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Hudson Bay Capital Management LP grew its position in Discover Financial Services by 14.5% during the fourth quarter. Hudson Bay Capital Management LP now owns 306,398 shares of the financial services provider’s stock worth $53,077,000 after buying an additional 38,806 shares in the last quarter. Global Assets Advisory LLC acquired a new stake in Discover Financial Services during the fourth quarter worth about $223,000. Gotham Asset Management LLC grew its position in Discover Financial Services by 10.2% during the fourth quarter. Gotham Asset Management LLC now owns 5,361 shares of the financial services provider’s stock worth $929,000 after buying an additional 497 shares in the last quarter. Governors Lane LP grew its position in Discover Financial Services by 1.3% during the fourth quarter. Governors Lane LP now owns 262,082 shares of the financial services provider’s stock worth $45,400,000 after buying an additional 3,300 shares in the last quarter. Finally, Focus Partners Wealth grew its position in Discover Financial Services by 4.2% during the fourth quarter. Focus Partners Wealth now owns 28,223 shares of the financial services provider’s stock worth $4,921,000 after buying an additional 1,138 shares in 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 $190.10 on Monday. Discover Financial Services has a 1 year low of $119.95 and a 1 year high of $205.76. The firm has a 50 day moving average of $168.89 and a 200-day moving average of $176.92. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $47.84 billion, a P/E ratio of 11.91, a price-to-earnings-growth ratio of 1.51 and a beta of 1.16.

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

Analysts Set New Price Targets

A number of research firms recently weighed in on DFS. Truist Financial lifted their target price on Discover Financial Services from $219.00 to $229.00 and gave the stock a “buy” rating in a research report on Friday, April 25th. Wells Fargo & Company raised their price target on shares of Discover Financial Services from $185.00 to $214.00 and gave the stock an “equal weight” rating in a research note on Friday, January 24th. Barclays raised their price target on shares of Discover Financial Services from $186.00 to $209.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. StockNews.com cut shares of Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Tuesday, April 15th. Finally, UBS Group upgraded shares of Discover Financial Services from a “neutral” rating to a “buy” rating and raised their price target for the stock from $150.00 to $239.00 in a research note on Monday, January 13th. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Discover Financial Services currently has an average rating of “Moderate Buy” and a consensus price target of $191.64.

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.