HB Wealth Management LLC Has $933,000 Stock Position in Discover Financial Services (NYSE:DFS)

HB Wealth Management LLC lifted its stake in shares of Discover Financial Services (NYSE:DFS) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,385 shares of the financial services provider’s stock after buying an additional 143 shares during the period. HB Wealth Management LLC’s holdings in Discover Financial Services were worth $933,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. raised its position in Discover Financial Services by 12.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 7,397 shares of the financial services provider’s stock valued at $968,000 after purchasing an additional 818 shares during the last quarter. Pacer Advisors Inc. raised its holdings in Discover Financial Services by 4.6% in the 2nd quarter. Pacer Advisors Inc. now owns 17,986 shares of the financial services provider’s stock valued at $2,353,000 after buying an additional 797 shares during the last quarter. Sei Investments Co. boosted its position in Discover Financial Services by 58.8% during the 2nd quarter. Sei Investments Co. now owns 92,474 shares of the financial services provider’s stock worth $12,096,000 after buying an additional 34,226 shares during the period. ProShare Advisors LLC grew its holdings in Discover Financial Services by 4.5% during the 2nd quarter. ProShare Advisors LLC now owns 52,855 shares of the financial services provider’s stock worth $6,914,000 after acquiring an additional 2,296 shares during the last quarter. Finally, Frank Rimerman Advisors LLC acquired a new position in Discover Financial Services in the 2nd quarter valued at approximately $415,000. 86.94% of the stock is currently owned by institutional investors.

Discover Financial Services Stock Up 1.2 %

DFS stock opened at $189.49 on Wednesday. The stock’s 50 day simple moving average is $177.06 and its 200 day simple moving average is $152.94. The company has a market cap of $47.62 billion, a P/E ratio of 15.29, a price-to-earnings-growth ratio of 1.09 and a beta of 1.46. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.10. Discover Financial Services has a fifty-two week low of $97.69 and a fifty-two week high of $190.13.

Wall Street Analysts Forecast Growth

DFS has been the topic of several analyst reports. UBS Group raised shares of Discover Financial Services from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $150.00 to $239.00 in a research note on Monday, January 13th. JPMorgan Chase & Co. decreased their price target on Discover Financial Services from $150.00 to $146.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Evercore ISI lifted their price objective on Discover Financial Services from $156.00 to $163.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Truist Financial initiated coverage on Discover Financial Services in a report on Tuesday, January 7th. They issued a “buy” rating and a $233.00 target price on the stock. Finally, Barclays upgraded shares of Discover Financial Services from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $137.00 to $186.00 in a report on Monday, January 6th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $171.71.

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.