Fiduciary Alliance LLC Invests $506,000 in Discover Financial Services (NYSE:DFS)

Fiduciary Alliance LLC acquired a new position in Discover Financial Services (NYSE:DFS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,920 shares of the financial services provider's stock, valued at approximately $506,000.

Other institutional investors have also recently made changes to their positions in the company. City Center Advisors LLC bought a new stake in Discover Financial Services during the 4th quarter valued at approximately $258,000. Aprio Wealth Management LLC bought a new stake in Discover Financial Services during the 4th quarter valued at approximately $225,000. Czech National Bank raised its stake in Discover Financial Services by 6.4% during the 4th quarter. Czech National Bank now owns 54,438 shares of the financial services provider's stock valued at $9,430,000 after purchasing an additional 3,292 shares during the period. Fulton Bank N.A. raised its stake in Discover Financial Services by 1.3% during the 4th quarter. Fulton Bank N.A. now owns 6,480 shares of the financial services provider's stock valued at $1,123,000 after purchasing an additional 84 shares during the period. Finally, CWA Asset Management Group LLC raised its stake in Discover Financial Services by 11.1% during the 4th quarter. CWA Asset Management Group LLC now owns 20,155 shares of the financial services provider's stock valued at $3,491,000 after purchasing an additional 2,017 shares during the period. Institutional investors own 86.94% of the company's stock.

Wall Street Analyst Weigh In

DFS has been the topic of a number of research reports. Royal Bank of Canada lifted their price objective on 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. StockNews.com downgraded Discover Financial Services from a "buy" rating to a "hold" rating in a research note on Monday, November 4th. JPMorgan Chase & Co. reduced their price objective on Discover Financial Services from $150.00 to $146.00 and set a "neutral" rating on the stock in a research note on Tuesday. Wells Fargo & Company lifted their price objective on Discover Financial Services from $160.00 to $185.00 and gave the stock an "equal weight" rating in a research note on Friday, January 3rd. Finally, Truist Financial began coverage on Discover Financial Services in a report on Tuesday, January 7th. They issued a "buy" rating and a $233.00 target price for the company. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $164.75.

Discover Financial Services Stock Up 3.7 %

Shares of DFS stock traded up $6.65 during mid-day trading on Wednesday, hitting $187.49. The stock had a trading volume of 1,204,029 shares, compared to its average volume of 1,254,191. Discover Financial Services has a 12-month low of $96.46 and a 12-month high of $188.99. The firm has a market capitalization of $47.12 billion, a P/E ratio of 15.13, a price-to-earnings-growth ratio of 1.12 and a beta of 1.46. The firm's 50-day moving average is $176.40 and its two-hundred day moving average is $151.42. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.08 and a quick ratio of 1.04.

Discover Financial Services (NYSE:DFS - Get Free Report) last issued its earnings results on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share for the quarter, topping the consensus estimate of $3.28 by $0.41. Discover Financial Services had a return on equity of 21.38% and a net margin of 13.78%. The business had revenue of $5.91 billion during the quarter, compared to analysts' expectations of $4.36 billion. During the same period in the prior year, the business earned $2.59 EPS. On average, analysts predict that Discover Financial Services will post 13.43 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.