Zhang Financial LLC Boosts Stake in Discover Financial Services (NYSE:DFS)

Zhang Financial LLC raised its position in shares of Discover Financial Services (NYSE:DFS) by 12.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,961 shares of the financial services provider’s stock after buying an additional 325 shares during the quarter. Zhang Financial LLC’s holdings in Discover Financial Services were worth $513,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. increased its stake in Discover Financial Services by 12.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 7,397 shares of the financial services provider’s stock worth $968,000 after acquiring an additional 818 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Discover Financial Services by 4.6% during the 2nd quarter. Pacer Advisors Inc. now owns 17,986 shares of the financial services provider’s stock valued at $2,353,000 after purchasing an additional 797 shares during the last quarter. Sei Investments Co. raised its holdings in Discover Financial Services by 58.8% during the 2nd quarter. Sei Investments Co. now owns 92,474 shares of the financial services provider’s stock valued at $12,096,000 after buying an additional 34,226 shares during the period. ProShare Advisors LLC lifted its position in Discover Financial Services by 4.5% in the second quarter. ProShare Advisors LLC now owns 52,855 shares of the financial services provider’s stock worth $6,914,000 after buying an additional 2,296 shares during the last quarter. Finally, Frank Rimerman Advisors LLC purchased a new position in Discover Financial Services during the second quarter worth $415,000. Institutional investors own 86.94% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on DFS shares. 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 note on Tuesday, January 14th. Royal Bank of Canada raised their price target on Discover Financial Services from $148.00 to $161.00 and gave the company a “sector perform” rating in a research note on Friday, October 18th. StockNews.com upgraded Discover Financial Services from a “hold” rating to a “buy” rating in a report on Thursday, January 16th. Wells Fargo & Company raised their price target on shares of Discover Financial Services from $160.00 to $185.00 and gave the company an “equal weight” rating in a report on Friday, January 3rd. Finally, UBS Group raised 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 report on Monday, January 13th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $171.71.

Discover Financial Services Price Performance

DFS stock opened at $187.17 on Tuesday. The firm has a market capitalization 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. The business’s 50-day moving average is $176.94 and its two-hundred day moving average is $152.55. Discover Financial Services has a 1 year low of $96.46 and a 1 year high of $189.27. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.10 and a quick ratio of 1.03.

Discover Financial Services Company 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.