Nissay Asset Management Corp Japan ADV Purchases 249 Shares of Discover Financial Services (NYSE:DFS)

Nissay Asset Management Corp Japan ADV grew its position in shares of Discover Financial Services (NYSE:DFS) by 0.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,294 shares of the financial services provider’s stock after purchasing an additional 249 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Discover Financial Services were worth $5,464,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Discover Financial Services by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 31,045,208 shares of the financial services provider’s stock worth $5,377,961,000 after buying an additional 290,937 shares in the last quarter. FMR LLC grew its holdings in shares of Discover Financial Services by 0.8% during the fourth quarter. FMR LLC now owns 7,553,016 shares of the financial services provider’s stock worth $1,308,409,000 after purchasing an additional 59,154 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Discover Financial Services by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 6,240,451 shares of the financial services provider’s stock worth $1,082,826,000 after purchasing an additional 165,589 shares during the last quarter. Norges Bank purchased a new stake in Discover Financial Services in the fourth quarter valued at approximately $724,720,000. Finally, Invesco Ltd. lifted its position in Discover Financial Services by 38.5% during the fourth quarter. Invesco Ltd. now owns 2,974,471 shares of the financial services provider’s stock valued at $515,268,000 after purchasing an additional 826,287 shares during the last quarter. Institutional investors own 86.94% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on DFS shares. Truist Financial increased their price target on shares of Discover Financial Services from $219.00 to $229.00 and gave the stock a “buy” rating in a report on Friday, April 25th. Barclays increased their target price on Discover Financial Services from $186.00 to $209.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Royal Bank of Canada lifted their price target on Discover Financial Services from $193.00 to $210.00 and gave the stock a “sector perform” rating in a research note on Friday, January 24th. StockNews.com cut Discover Financial Services from a “buy” rating to a “hold” rating in a report on Tuesday, April 15th. Finally, Wells Fargo & Company raised their price objective on Discover Financial Services from $185.00 to $214.00 and gave the company an “equal weight” rating in a report on Friday, January 24th. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Discover Financial Services presently has a consensus rating of “Moderate Buy” and an average target price of $191.64.

Discover Financial Services Price Performance

DFS opened at $200.18 on Friday. 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’s 50 day simple moving average is $171.48 and its 200 day simple moving average is $177.96. The firm has a market cap of $50.38 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 1.51 and a beta of 1.16. Discover Financial Services has a 1 year low of $119.95 and a 1 year high of $207.42.

Discover Financial Services (NYSE:DFS) last issued its earnings results 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. Discover Financial Services had a net margin of 17.29% and a return on equity of 26.18%. The firm had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.25 billion. During the same quarter last year, the business earned $1.10 earnings per share. As a group, analysts predict that Discover Financial Services will post 13.88 earnings per share for the current year.

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.