Clear Harbor Asset Management LLC Has $2 Million Stock Holdings in Discover Financial Services (NYSE:DFS)

Clear Harbor Asset Management LLC lowered its stake in shares of Discover Financial Services (NYSE:DFS) by 7.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,520 shares of the financial services provider’s stock after selling 892 shares during the period. Clear Harbor Asset Management LLC’s holdings in Discover Financial Services were worth $1,996,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in DFS. DiNuzzo Private Wealth Inc. raised its position in 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 worth $26,000 after acquiring an additional 157 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Discover Financial Services in the 3rd quarter valued at about $30,000. Grove Bank & Trust lifted its stake in Discover Financial Services by 78.1% in the 4th quarter. Grove Bank & Trust now owns 203 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 89 shares during the last quarter. Pinnacle Bancorp Inc. increased its holdings in shares of Discover Financial Services by 37.1% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 292 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 79 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in Discover Financial Services by 27.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 316 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 68 shares during the period. Institutional investors and hedge funds own 86.94% of the company’s stock.

Discover Financial Services Trading Up 1.2 %

Shares of DFS stock opened at $187.17 on Tuesday. Discover Financial Services has a twelve month low of $96.46 and a twelve month high of $189.27. The stock’s fifty day simple moving average is $176.94 and its 200 day simple moving average is $152.55. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $47.04 billion, a P/E ratio of 15.11, a P/E/G ratio of 1.09 and a beta of 1.46.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on DFS shares. Wells Fargo & Company increased their target price 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. Royal Bank of Canada boosted their target price on shares of Discover Financial Services from $148.00 to $161.00 and gave the company a “sector perform” rating in a research report on Friday, October 18th. Barclays upgraded shares of Discover Financial Services from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $137.00 to $186.00 in a research note on Monday, January 6th. 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 report on Tuesday, January 14th. Finally, StockNews.com raised Discover Financial Services from a “hold” rating to a “buy” rating in a report on Thursday, January 16th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Discover Financial Services has an average rating of “Moderate Buy” and an average price target of $171.71.

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.