Discover Financial Services (NYSE:DFS) Shares Bought by Czech National Bank

Czech National Bank increased its position in shares of Discover Financial Services (NYSE:DFS - Free Report) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,438 shares of the financial services provider's stock after buying an additional 3,292 shares during the period. Czech National Bank's holdings in Discover Financial Services were worth $9,430,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Fulton Bank N.A. lifted its holdings in Discover Financial Services by 1.3% during the fourth quarter. Fulton Bank N.A. now owns 6,480 shares of the financial services provider's stock worth $1,123,000 after buying an additional 84 shares during the period. CWA Asset Management Group LLC raised its position in shares of Discover Financial Services by 11.1% in the 4th quarter. CWA Asset Management Group LLC now owns 20,155 shares of the financial services provider's stock worth $3,491,000 after acquiring an additional 2,017 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Discover Financial Services by 0.6% during the 4th quarter. Nordea Investment Management AB now owns 342,085 shares of the financial services provider's stock worth $59,307,000 after purchasing an additional 2,203 shares during the last quarter. GAMMA Investing LLC boosted its position in Discover Financial Services by 19.0% during the fourth quarter. GAMMA Investing LLC now owns 4,645 shares of the financial services provider's stock valued at $805,000 after purchasing an additional 742 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in Discover Financial Services by 56.9% in the fourth quarter. Versant Capital Management Inc now owns 1,290 shares of the financial services provider's stock valued at $223,000 after purchasing an additional 468 shares during the last quarter. 86.94% of the stock is currently owned by institutional investors.

Discover Financial Services Stock Performance

DFS traded up $6.65 during midday trading on Wednesday, hitting $187.49. 1,204,029 shares of the company were exchanged, compared to its average volume of 1,254,191. The firm has a market capitalization of $47.12 billion, a price-to-earnings ratio of 15.13, a price-to-earnings-growth ratio of 1.12 and a beta of 1.46. The company's 50 day simple moving average is $176.40 and its 200 day simple moving average is $151.42. The company has a current ratio of 1.08, a quick ratio of 1.04 and a debt-to-equity ratio of 1.28. Discover Financial Services has a 1-year low of $96.46 and a 1-year high of $188.99.

Discover Financial Services (NYSE:DFS - Get Free Report) last released its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $3.69 EPS for the quarter, beating the consensus estimate 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 21.38%. During the same quarter last year, the business earned $2.59 earnings per share. As a group, sell-side analysts predict that Discover Financial Services will post 13.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DFS has been the subject of several analyst reports. UBS Group raised shares of Discover Financial Services from a "neutral" rating to a "buy" rating and increased their price target for the company from $150.00 to $239.00 in a research report on Monday. Truist Financial initiated coverage on shares of Discover Financial Services in a research report on Tuesday, January 7th. They set a "buy" rating and a $233.00 target price for the company. Wells Fargo & Company lifted their price target on shares of Discover Financial Services from $160.00 to $185.00 and gave the stock an "equal weight" rating in a report on Friday, January 3rd. StockNews.com lowered Discover Financial Services from a "buy" rating to a "hold" rating in a report on Monday, November 4th. Finally, Keefe, Bruyette & Woods boosted their target price on Discover Financial Services from $170.00 to $232.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target 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.