Brookstone Capital Management Makes New $282,000 Investment in Discover Financial Services (NYSE:DFS)

Brookstone Capital Management purchased a new position in Discover Financial Services (NYSE:DFS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,625 shares of the financial services provider's stock, valued at approximately $282,000.

A number of other hedge funds also recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. raised its stake in shares of Discover Financial Services by 506.5% in the third quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider's stock worth $26,000 after purchasing an additional 157 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Discover Financial Services during the 3rd quarter valued at about $30,000. Pinnacle Bancorp Inc. boosted its holdings in shares of Discover Financial Services by 37.1% during 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. Venturi Wealth Management LLC grew its stake in shares of Discover Financial Services by 27.4% in the third quarter. Venturi Wealth Management LLC now owns 316 shares of the financial services provider's stock worth $44,000 after acquiring an additional 68 shares during the period. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of Discover Financial Services during the third quarter valued at approximately $53,000. Institutional investors own 86.94% of the company's stock.

Discover Financial Services Trading Up 1.2 %

DFS traded up $2.13 on Friday, hitting $187.17. The company had a trading volume of 1,610,061 shares, compared to its average volume of 1,046,423. Discover Financial Services has a 12-month low of $96.46 and a 12-month high of $189.27. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 1.09. The business's fifty day simple moving average is $176.94 and its 200 day simple moving average is $152.41. The company has a market cap 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 (NYSE:DFS - Get Free Report) last posted its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share for the quarter, topping analysts' consensus estimates of $3.28 by $0.41. The company had revenue of $5.91 billion for the quarter, compared to analyst estimates of $4.36 billion. Discover Financial Services had a net margin of 13.78% and a return on equity of 22.08%. During the same period in the prior year, the company posted $2.59 EPS. Equities research analysts expect that Discover Financial Services will post 14.17 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on DFS shares. Evercore ISI lifted their target price on shares of Discover Financial Services from $156.00 to $163.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 30th. Royal Bank of Canada increased their price objective on shares of Discover Financial Services from $148.00 to $161.00 and gave the stock a "sector perform" rating in a research note on Friday, October 18th. Wells Fargo & Company lifted their target price on Discover Financial Services from $160.00 to $185.00 and gave the company an "equal weight" rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. dropped their price target on shares of Discover Financial Services from $150.00 to $146.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. Finally, Truist Financial began coverage on shares of Discover Financial Services in a research report on Tuesday, January 7th. They set a "buy" rating and a $233.00 price objective on the stock. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $164.75.

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.