Kolinsky Wealth Management LLC Raises Stock Holdings in Discover Financial Services (NYSE:DFS)

Kolinsky Wealth Management LLC lifted its stake in Discover Financial Services (NYSE:DFS) by 4.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,768 shares of the financial services provider’s stock after buying an additional 196 shares during the quarter. Kolinsky Wealth Management LLC’s holdings in Discover Financial Services were worth $826,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Merit Financial Group LLC bought a new position in shares of Discover Financial Services in the fourth quarter worth approximately $221,000. HB Wealth Management LLC lifted its stake in shares of Discover Financial Services by 2.7% during the 4th quarter. HB Wealth Management LLC now owns 5,385 shares of the financial services provider’s stock valued at $933,000 after buying an additional 143 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Discover Financial Services during the 4th quarter valued at $298,000. Grove Bank & Trust boosted its holdings in Discover Financial Services by 78.1% in the 4th quarter. Grove Bank & Trust now owns 203 shares of the financial services provider’s stock worth $35,000 after buying an additional 89 shares during the period. Finally, Mechanics Bank Trust Department purchased a new stake in Discover Financial Services in the 4th quarter worth $234,000. 86.94% of the stock is owned by hedge funds and other institutional investors.

Discover Financial Services Stock Down 1.4%

NYSE DFS opened at $197.76 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. Discover Financial Services has a 52 week low of $119.95 and a 52 week high of $207.42. The firm has a market capitalization of $49.77 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 1.51 and a beta of 1.16. The company has a fifty day moving average of $173.80 and a two-hundred day moving average of $179.13.

Discover Financial Services (NYSE:DFS) last announced its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $4.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.33 by $0.92. The business had revenue of $4.25 billion during the quarter, compared to the consensus estimate 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 last year, the firm earned $1.10 earnings per share. On average, analysts predict that Discover Financial Services will post 13.88 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on DFS shares. StockNews.com downgraded Discover Financial Services from a “buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Wells Fargo & Company upped their price target on 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. JPMorgan Chase & Co. dropped their target price on shares of Discover Financial Services from $169.00 to $129.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Jefferies Financial Group restated a “hold” rating and set a $180.00 price objective on shares of Discover Financial Services in a research report on Wednesday, May 7th. Finally, TD Securities dropped their price target on 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. Eight analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Discover Financial Services has an average rating of “Moderate Buy” and an average 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.