3,707 Shares in Discover Financial Services (NYSE:DFS) Bought by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. purchased a new position in shares of Discover Financial Services (NYSE:DFS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,707 shares of the financial services provider’s stock, valued at approximately $642,000.

Other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in Discover Financial Services during the 4th quarter worth $33,000. Flagship Wealth Advisors LLC acquired a new stake in Discover Financial Services during the 4th quarter worth $34,000. Bfsg LLC acquired a new stake in Discover Financial Services during the 4th quarter worth $35,000. Grove Bank & Trust lifted its position 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 worth $35,000 after acquiring an additional 89 shares during the period. Finally, Hantz Financial Services Inc. acquired a new stake in Discover Financial Services during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 86.94% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on DFS shares. Argus raised Discover Financial Services to a “strong-buy” rating in a research report on Friday, April 25th. Wells Fargo & Company increased their price objective on Discover Financial Services from $185.00 to $214.00 and gave the stock an “equal weight” rating in a research report on Friday, January 24th. Truist Financial increased their price objective on Discover Financial Services from $219.00 to $229.00 and gave the stock a “buy” rating in a research report on Friday, April 25th. TD Securities reduced their target price on shares of Discover Financial Services from $188.00 to $184.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Finally, Royal Bank of Canada raised their target price on shares of Discover Financial Services from $193.00 to $210.00 and gave the stock a “sector perform” rating in a research note on Friday, January 24th. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Discover Financial Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $191.64.

Discover Financial Services Stock Down 2.2%

Shares of NYSE DFS opened at $199.67 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. Discover Financial Services has a 52 week low of $119.95 and a 52 week high of $207.42. The firm has a 50-day moving average price of $170.61 and a 200 day moving average price of $177.63. The stock has a market capitalization of $50.25 billion, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 1.51 and a beta of 1.16.

Discover Financial Services (NYSE:DFS) last announced its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $4.25 EPS for the quarter, beating the consensus estimate of $3.33 by $0.92. The firm had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.25 billion. Discover Financial Services had a net margin of 17.29% and a return on equity of 26.18%. During the same quarter last year, the business earned $1.10 earnings per share. Equities research analysts anticipate that Discover Financial Services will post 13.88 EPS for the current fiscal year.

Discover Financial Services Company 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.