DLK Investment Management LLC Invests $440,000 in Discover Financial Services (NYSE:DFS)

DLK Investment Management LLC bought a new stake in Discover Financial Services (NYSE:DFS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,539 shares of the financial services provider's stock, valued at approximately $440,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. National Pension Service increased its position in shares of Discover Financial Services by 14.8% in the third quarter. National Pension Service now owns 439,756 shares of the financial services provider's stock worth $61,693,000 after acquiring an additional 56,814 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in Discover Financial Services by 10.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 115,487 shares of the financial services provider's stock valued at $16,202,000 after purchasing an additional 10,946 shares in the last quarter. William B. Walkup & Associates Inc. purchased a new position in Discover Financial Services in the second quarter valued at about $4,835,000. Janney Montgomery Scott LLC acquired a new position in shares of Discover Financial Services during the third quarter worth about $2,415,000. Finally, Meyer Handelman Co. purchased a new stake in shares of Discover Financial Services in the fourth quarter worth about $239,000. Hedge funds and other institutional investors own 86.94% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DFS shares. JPMorgan Chase & Co. dropped their target price on Discover Financial Services from $150.00 to $146.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. Keefe, Bruyette & Woods lifted their price objective on shares of Discover Financial Services from $170.00 to $232.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. UBS Group upgraded shares of Discover Financial Services from a "neutral" rating to a "buy" rating and upped their target price for the company from $150.00 to $239.00 in a research note on Monday, January 13th. Truist Financial began coverage on shares of Discover Financial Services in a research note on Tuesday, January 7th. They set a "buy" rating and a $233.00 price target on the stock. Finally, StockNews.com raised shares of Discover Financial Services from a "hold" rating to a "buy" rating in a research report on Thursday. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $171.71.

Discover Financial Services Price Performance

DFS stock traded up $2.13 during trading hours on Monday, hitting $187.17. 1,610,061 shares of the stock traded hands, compared to its average volume of 1,046,423. The stock has a 50-day simple moving average of $176.94 and a 200 day simple moving average of $152.55. The company has a market cap of $47.04 billion, a P/E ratio of 15.11, a P/E/G ratio of 0.99 and a beta of 1.46. Discover Financial Services has a one year low of $96.46 and a one year high of $189.27. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09.

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.