Park Avenue Securities LLC Buys 10,941 Shares of Discover Financial Services (NYSE:DFS)

Park Avenue Securities LLC boosted its holdings in shares of Discover Financial Services (NYSE:DFS - Free Report) by 24.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 56,166 shares of the financial services provider's stock after buying an additional 10,941 shares during the quarter. Park Avenue Securities LLC's holdings in Discover Financial Services were worth $9,730,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Kathmere Capital Management LLC bought a new position in Discover Financial Services in the fourth quarter worth approximately $233,000. Fifth Third Wealth Advisors LLC increased its stake in shares of Discover Financial Services by 6.9% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 3,093 shares of the financial services provider's stock worth $536,000 after purchasing an additional 200 shares in the last quarter. Quantum Financial Advisors LLC bought a new position in Discover Financial Services in the 4th quarter worth $218,000. Cypress Financial Planning LLC lifted its position in Discover Financial Services by 50.9% during the fourth quarter. Cypress Financial Planning LLC now owns 22,247 shares of the financial services provider's stock valued at $3,854,000 after purchasing an additional 7,503 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in Discover Financial Services during the fourth quarter valued at about $1,352,000. 86.94% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on DFS shares. Truist Financial initiated coverage on Discover Financial Services in a research note on Tuesday, January 7th. They issued a "buy" rating and a $233.00 price objective on the stock. StockNews.com downgraded shares of Discover Financial Services from a "buy" rating to a "hold" rating in a report on Monday, November 4th. Wells Fargo & Company upped 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 research report on Friday, January 3rd. Evercore ISI raised their price objective on shares of Discover Financial Services from $156.00 to $163.00 and gave the company an "in-line" rating in a research report on Wednesday, October 30th. Finally, UBS Group raised shares of Discover Financial Services from a "neutral" rating to a "buy" rating and upped their target price for the stock from $150.00 to $239.00 in a report on Monday. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $164.75.

Discover Financial Services Price Performance

NYSE DFS traded up $6.65 during trading on Wednesday, hitting $187.49. 1,204,029 shares of the stock traded hands, compared to its average volume of 1,254,191. The company has a quick ratio of 1.04, a current ratio of 1.08 and a debt-to-equity ratio of 1.28. Discover Financial Services has a 12-month low of $96.46 and a 12-month high of $188.99. The firm has a 50-day simple moving average of $176.40 and a 200-day simple moving average of $151.42. The company 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.

Discover Financial Services (NYSE:DFS - Get Free Report) last posted its earnings results on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share for the quarter, beating analysts' consensus estimates of $3.28 by $0.41. The firm had revenue of $5.91 billion during 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 period last year, the firm posted $2.59 earnings per share. As a group, analysts predict that Discover Financial Services will post 13.43 EPS for the current year.

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.