1,350 Shares in Discover Financial Services (NYSE:DFS) Bought by Mechanics Bank Trust Department

Mechanics Bank Trust Department acquired a new stake in shares of Discover Financial Services (NYSE:DFS) during the 4th quarter, HoldingsChannel reports. The firm acquired 1,350 shares of the financial services provider’s stock, valued at approximately $234,000.

Other hedge funds have also recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. lifted its position in shares of Discover Financial Services by 506.5% during the third quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 157 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Discover Financial Services during the 3rd quarter worth approximately $30,000. Grove Bank & Trust grew its holdings in shares of Discover Financial Services by 78.1% in the fourth quarter. Grove Bank & Trust now owns 203 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 89 shares in the last quarter. Pinnacle Bancorp Inc. grew its holdings in shares of Discover Financial Services by 37.1% in the third quarter. Pinnacle Bancorp Inc. now owns 292 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 79 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in Discover Financial Services by 27.4% during the third quarter. Venturi Wealth Management LLC now owns 316 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 68 shares during the period. 86.94% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DFS has been the subject of a number of recent analyst reports. StockNews.com upgraded Discover Financial Services from a “hold” rating to a “buy” rating in a research note on Thursday, January 16th. Royal Bank of Canada raised their price objective on shares of Discover Financial Services from $148.00 to $161.00 and gave the stock a “sector perform” rating in a report on Friday, October 18th. Evercore ISI boosted their target price on shares of Discover Financial Services from $156.00 to $163.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods raised their price target on shares of Discover Financial Services from $170.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, UBS Group upgraded Discover Financial Services from a “neutral” rating to a “buy” rating and upped their price objective for the company from $150.00 to $239.00 in a research note on Monday, January 13th. Nine investment 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, Discover Financial Services has a consensus rating of “Moderate Buy” and an average price target of $171.71.

Discover Financial Services Price Performance

Shares of NYSE:DFS opened at $187.17 on Tuesday. The company has a 50 day moving average of $176.94 and a 200 day moving average of $152.55. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. The stock 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 12 month low of $96.46 and a 12 month high of $189.27.

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.