Discover Financial Services (NYSE:DFS) Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC lifted its holdings in shares of Discover Financial Services (NYSE:DFS) by 8.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 60,037 shares of the financial services provider’s stock after buying an additional 4,711 shares during the period. ProShare Advisors LLC’s holdings in Discover Financial Services were worth $10,400,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in shares of Discover Financial Services in the 4th quarter valued at approximately $33,000. Flagship Wealth Advisors LLC acquired a new stake in shares of Discover Financial Services during the fourth quarter worth $34,000. Grove Bank & Trust grew its position in Discover Financial Services by 78.1% in the 4th quarter. Grove Bank & Trust now owns 203 shares of the financial services provider’s stock valued at $35,000 after buying an additional 89 shares during the last quarter. Bfsg LLC acquired a new position in Discover Financial Services in the 4th quarter valued at $35,000. Finally, Hantz Financial Services Inc. purchased a new position in Discover Financial Services during the 4th quarter worth $37,000. Hedge funds and other institutional investors own 86.94% of the company’s stock.

Discover Financial Services Stock Performance

Shares of DFS stock opened at $201.10 on Friday. The stock has a fifty day moving average price of $172.34 and a 200 day moving average price of $178.47. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.09. The stock has a market cap of $50.61 billion, a PE ratio of 12.60, a P/E/G ratio of 1.51 and a beta of 1.16. Discover Financial Services has a 1 year low of $119.95 and a 1 year high of $207.42.

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

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. StockNews.com downgraded shares of Discover Financial Services from a “buy” rating to a “hold” rating in a report on Tuesday, April 15th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $180.00 price objective on shares of Discover Financial Services in a report on Wednesday, May 7th. Wells Fargo & Company increased their target price on Discover Financial Services from $185.00 to $214.00 and gave the stock an “equal weight” rating in a research note on Friday, January 24th. JPMorgan Chase & Co. reduced their price target on Discover Financial Services from $169.00 to $129.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Finally, Truist Financial upped their price objective on Discover Financial Services from $219.00 to $229.00 and gave the stock a “buy” rating in a report on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Discover Financial Services has an average rating of “Moderate Buy” and an average target price of $191.64.

About Discover Financial Services

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.