Brookstone Capital Management Takes $282,000 Position in Discover Financial Services (NYSE:DFS)

Brookstone Capital Management acquired a new stake in Discover Financial Services (NYSE:DFS) during the fourth quarter, Holdings Channel.com reports. The firm acquired 1,625 shares of the financial services provider’s stock, valued at approximately $282,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DFS. DiNuzzo Private Wealth Inc. increased its position in Discover Financial Services by 506.5% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider’s stock valued at $26,000 after buying an additional 157 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Discover Financial Services in the 3rd quarter valued at about $30,000. Pinnacle Bancorp Inc. increased its position in Discover Financial Services by 37.1% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 292 shares of the financial services provider’s stock valued at $41,000 after buying an additional 79 shares in the last quarter. Venturi Wealth Management LLC increased its position 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 buying an additional 68 shares in the last quarter. Finally, Harbor Capital Advisors Inc. bought a new stake in Discover Financial Services in the 3rd quarter valued at about $53,000. 86.94% of the stock is owned by institutional investors and hedge funds.

Discover Financial Services Stock Performance

DFS stock opened at $187.17 on Friday. The firm has a market cap of $47.04 billion, a PE ratio of 15.11, a P/E/G ratio of 0.99 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. The business has a 50 day moving average of $176.94 and a 200-day moving average of $152.28. Discover Financial Services has a 12-month low of $96.46 and a 12-month high of $189.27.

Discover Financial Services (NYSE:DFS) last posted its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $3.69 EPS for the quarter, beating the consensus estimate of $3.28 by $0.41. Discover Financial Services had a return on equity of 22.08% and a net margin of 13.78%. The business had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the prior year, the business earned $2.59 earnings per share. As a group, sell-side analysts expect that Discover Financial Services will post 14.17 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently commented on the company. StockNews.com raised Discover Financial Services from a “hold” rating to a “buy” rating in a research report on Thursday. Barclays raised Discover Financial Services from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $137.00 to $186.00 in a report on Monday, January 6th. Wells Fargo & Company boosted their price objective on 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 Discover Financial Services in a report on Tuesday, January 7th. They set a “buy” rating and a $233.00 price objective for the company. Finally, Keefe, Bruyette & Woods boosted their price objective on Discover Financial Services from $170.00 to $232.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” 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.