AA Financial Advisors LLC Grows Position in Discover Financial Services (NYSE:DFS)

AA Financial Advisors LLC boosted its holdings in shares of Discover Financial Services (NYSE:DFS) by 27.2% during the 1st quarter, Holdings Channel reports. The fund owned 1,770 shares of the financial services provider’s stock after buying an additional 378 shares during the period. AA Financial Advisors LLC’s holdings in Discover Financial Services were worth $302,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Discover Financial Services by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 31,045,208 shares of the financial services provider’s stock worth $5,377,961,000 after buying an additional 290,937 shares in the last quarter. FMR LLC increased its holdings in shares of Discover Financial Services by 0.8% in the 4th quarter. FMR LLC now owns 7,553,016 shares of the financial services provider’s stock valued at $1,308,409,000 after acquiring an additional 59,154 shares during the period. Geode Capital Management LLC raised its position in shares of Discover Financial Services by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 6,240,451 shares of the financial services provider’s stock worth $1,082,826,000 after acquiring an additional 165,589 shares in the last quarter. Norges Bank purchased a new stake in shares of Discover Financial Services during the 4th quarter worth $724,720,000. Finally, Invesco Ltd. lifted its stake in shares of Discover Financial Services by 38.5% during the 4th quarter. Invesco Ltd. now owns 2,974,471 shares of the financial services provider’s stock worth $515,268,000 after purchasing an additional 826,287 shares during the last quarter. Hedge funds and other institutional investors own 86.94% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Truist Financial raised their price target on shares of Discover Financial Services from $219.00 to $229.00 and gave the company a “buy” rating in a report on Friday, April 25th. Wall Street Zen downgraded shares of Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Tuesday, April 15th. JPMorgan Chase & Co. cut their price target on shares of Discover Financial Services from $169.00 to $129.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Jefferies Financial Group reiterated a “hold” rating and set a $180.00 price objective on shares of Discover Financial Services in a report on Wednesday, May 7th. Finally, Argus raised Discover Financial Services to a “strong-buy” rating in a research report on Friday, April 25th. Seven analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $191.64.

Discover Financial Services Stock Performance

NYSE:DFS opened at $197.76 on Tuesday. The company has a market cap of $49.77 billion, a P/E ratio of 12.39, a P/E/G ratio of 1.51 and a beta of 1.16. Discover Financial Services has a twelve month low of $121.66 and a twelve month high of $207.42. The company’s 50-day moving average price is $187.61 and its 200-day moving average price is $182.17. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09.

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

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.