Wedmont Private Capital Acquires 129 Shares of Discover Financial Services (NYSE:DFS)

Wedmont Private Capital raised its holdings in shares of Discover Financial Services (NYSE:DFS) by 4.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,802 shares of the financial services provider’s stock after acquiring an additional 129 shares during the quarter. Wedmont Private Capital’s holdings in Discover Financial Services were worth $475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in DFS. Invst LLC grew its holdings in Discover Financial Services by 0.9% during the 3rd quarter. Invst LLC now owns 7,253 shares of the financial services provider’s stock valued at $1,018,000 after buying an additional 62 shares in the last quarter. CTC Alternative Strategies Ltd. increased its holdings in Discover Financial Services by 3.2% during the 3rd quarter. CTC Alternative Strategies Ltd. now owns 2,047 shares of the financial services provider’s stock worth $287,000 after acquiring an additional 63 shares during the period. Eagle Bluffs Wealth Management LLC lifted its stake in Discover Financial Services by 0.5% in the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 14,501 shares of the financial services provider’s stock worth $2,034,000 after purchasing an additional 67 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in Discover Financial Services by 27.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 316 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 68 shares during the period. Finally, Capital Investment Advisors LLC increased its holdings in shares of Discover Financial Services by 4.6% in the fourth quarter. Capital Investment Advisors LLC now owns 1,687 shares of the financial services provider’s stock worth $292,000 after purchasing an additional 74 shares during the period. 86.94% of the stock is owned by institutional investors.

Discover Financial Services Trading Up 3.7 %

NYSE DFS opened at $187.49 on Thursday. The stock’s 50 day moving average is $176.40 and its 200 day moving average is $151.42. The company has a quick ratio of 1.04, a current ratio of 1.08 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $47.12 billion, a PE ratio of 15.13, a P/E/G ratio of 1.12 and a beta of 1.46. Discover Financial Services has a twelve month low of $96.46 and a twelve month high of $188.99.

Discover Financial Services (NYSE:DFS) last released its earnings results on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share for the quarter, topping analysts’ consensus estimates of $3.28 by $0.41. Discover Financial Services had a net margin of 13.78% and a return on equity of 21.38%. The firm had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same period in the prior year, the firm earned $2.59 EPS. Research analysts forecast that Discover Financial Services will post 13.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on DFS shares. Keefe, Bruyette & Woods lifted their price objective on Discover Financial Services from $170.00 to $232.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Wells Fargo & Company raised their target price on shares of Discover Financial Services from $160.00 to $185.00 and gave the company an “equal weight” rating in a research note on Friday, January 3rd. Truist Financial initiated 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 upped their target price for the stock from $150.00 to $239.00 in a research report on Monday. Finally, Royal Bank of Canada raised their price target on Discover Financial Services from $148.00 to $161.00 and gave the company a “sector perform” rating in a research report on Friday, October 18th. Eleven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Discover Financial Services has a consensus rating of “Hold” and an average target price of $164.75.

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.