Perfromance Wealth Partners LLC Acquires Shares of 1,256 Discover Financial Services (NYSE:DFS)

Perfromance Wealth Partners LLC acquired a new stake in shares of Discover Financial Services (NYSE:DFS) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 1,256 shares of the financial services provider’s stock, valued at approximately $218,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC increased its holdings in shares of Discover Financial Services by 8.0% during the 3rd quarter. FMR LLC now owns 7,493,862 shares of the financial services provider’s stock valued at $1,051,314,000 after purchasing an additional 558,227 shares in the last quarter. Samlyn Capital LLC increased its holdings in shares of Discover Financial Services by 368.0% during the 2nd quarter. Samlyn Capital LLC now owns 646,691 shares of the financial services provider’s stock valued at $84,594,000 after purchasing an additional 508,504 shares in the last quarter. Mizuho Securities USA LLC increased its holdings in shares of Discover Financial Services by 1,272.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 265,155 shares of the financial services provider’s stock valued at $37,199,000 after purchasing an additional 245,829 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in shares of Discover Financial Services by 67.1% during the 2nd quarter. Point72 Asset Management L.P. now owns 478,599 shares of the financial services provider’s stock valued at $62,606,000 after purchasing an additional 192,142 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of Discover Financial Services during the 3rd quarter valued at approximately $21,169,000. 86.94% of the stock is currently owned by institutional investors and hedge funds.

Discover Financial Services Trading Up 1.2 %

NYSE DFS opened at $189.49 on Wednesday. The firm’s 50-day moving average is $177.06 and its two-hundred day moving average is $152.94. Discover Financial Services has a 12 month low of $97.69 and a 12 month high of $190.13. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.10 and a quick ratio of 1.03. The stock has a market capitalization of $47.62 billion, a P/E ratio of 15.29, a PEG ratio of 1.09 and a beta of 1.46.

Analyst Ratings Changes

DFS has been the subject of several recent research reports. Wells Fargo & Company lifted their target price 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. Barclays raised shares of Discover Financial Services from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $137.00 to $186.00 in a report on Monday, January 6th. Evercore ISI lifted their target price on shares of Discover Financial Services from $156.00 to $163.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods lifted their target price 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, Truist Financial started coverage on shares of Discover Financial Services in a research note on Tuesday, January 7th. They set a “buy” rating and a $233.00 target price on the stock. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.71.

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.