Perfromance Wealth Partners LLC Invests $218,000 in Discover Financial Services (NYSE:DFS)

Perfromance Wealth Partners LLC bought a new position in Discover Financial Services (NYSE:DFS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,256 shares of the financial services provider’s stock, valued at approximately $218,000.

Several other hedge funds have also recently modified their holdings of DFS. DiNuzzo Private Wealth Inc. raised its stake in Discover Financial Services by 506.5% during the third quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 157 shares in the last quarter. Grove Bank & Trust increased its position in Discover Financial Services by 78.1% during the fourth quarter. Grove Bank & Trust now owns 203 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 89 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Discover Financial Services during the third quarter valued at $30,000. Decker Retirement Planning Inc. bought a new position in Discover Financial Services during the fourth quarter valued at $47,000. Finally, Pinnacle Bancorp Inc. increased its position in Discover Financial Services by 37.1% during the third quarter. Pinnacle Bancorp Inc. now owns 292 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 86.94% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Wells Fargo & Company upped their price target on shares of Discover Financial Services from $160.00 to $185.00 and gave the stock an “equal weight” rating in a report on Friday, January 3rd. Truist Financial began coverage on shares of Discover Financial Services in a report on Tuesday, January 7th. They issued a “buy” rating and a $233.00 price target on the stock. UBS Group upgraded shares of Discover Financial Services from a “neutral” rating to a “buy” rating and increased their target price for the stock from $150.00 to $239.00 in a report on Monday, January 13th. JPMorgan Chase & Co. dropped their target price on shares of Discover Financial Services from $150.00 to $146.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Finally, Royal Bank of Canada increased their target price on shares of Discover Financial Services from $148.00 to $161.00 and gave the stock a “sector perform” rating in a report on Friday, October 18th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $171.71.

Discover Financial Services Stock Up 1.2 %

DFS stock opened at $189.49 on Wednesday. The firm has a 50 day moving average of $177.06 and a 200 day moving average of $152.94. The stock has a market capitalization of $47.62 billion, a PE ratio of 15.29, a price-to-earnings-growth ratio of 1.09 and a beta of 1.46. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 1.09. Discover Financial Services has a 52 week low of $97.69 and a 52 week high of $190.13.

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.