2,539 Shares in Discover Financial Services (NYSE:DFS) Purchased by DLK Investment Management LLC

DLK Investment Management LLC purchased a new stake in Discover Financial Services (NYSE:DFS) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 2,539 shares of the financial services provider’s stock, valued at approximately $440,000.

Other institutional investors also recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. grew its holdings in shares of 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 worth $26,000 after buying an additional 157 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Discover Financial Services during the third quarter worth about $30,000. Grove Bank & Trust grew its stake in Discover Financial Services by 78.1% during the 4th 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 in the last quarter. Pinnacle Bancorp Inc. raised its holdings 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 acquiring an additional 79 shares during the last quarter. Finally, Venturi Wealth Management LLC raised 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 acquiring an additional 68 shares during the last quarter. 86.94% of the stock is currently owned by institutional investors and hedge funds.

Discover Financial Services Trading Up 1.2 %

Shares of NYSE DFS opened at $187.17 on Monday. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $47.04 billion, a PE ratio of 15.11, a PEG ratio of 0.99 and a beta of 1.46. Discover Financial Services has a twelve month low of $96.46 and a twelve month high of $189.27. The stock has a fifty day simple moving average of $176.94 and a 200-day simple moving average of $152.41.

Analyst Ratings Changes

A number of research firms have recently issued reports on DFS. Keefe, Bruyette & Woods upped their price target on Discover Financial Services from $170.00 to $232.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Barclays raised shares of Discover Financial Services from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $137.00 to $186.00 in a report on Monday, January 6th. StockNews.com raised shares of Discover Financial Services from a “hold” rating to a “buy” rating in a research note on Thursday. Royal Bank of Canada increased their price target on shares of Discover Financial Services from $148.00 to $161.00 and gave the company a “sector perform” rating in a research note on Friday, October 18th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Discover Financial Services from $150.00 to $146.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.