Aaron Wealth Advisors LLC Grows Position in Discover Financial Services (NYSE:DFS)

Aaron Wealth Advisors LLC raised its position in shares of Discover Financial Services (NYSE:DFS) by 7.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,730 shares of the financial services provider’s stock after acquiring an additional 182 shares during the period. Aaron Wealth Advisors LLC’s holdings in Discover Financial Services were worth $473,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Invst LLC grew its stake in shares of Discover Financial Services by 0.9% in the 3rd quarter. Invst LLC now owns 7,253 shares of the financial services provider’s stock worth $1,018,000 after buying an additional 62 shares in the last quarter. CTC Alternative Strategies Ltd. lifted its holdings in shares of Discover Financial Services by 3.2% in the 3rd quarter. CTC Alternative Strategies Ltd. now owns 2,047 shares of the financial services provider’s stock valued at $287,000 after acquiring an additional 63 shares during the last quarter. Eagle Bluffs Wealth Management LLC grew its position in Discover Financial Services by 0.5% in the third quarter. Eagle Bluffs Wealth Management LLC now owns 14,501 shares of the financial services provider’s stock worth $2,034,000 after acquiring an additional 67 shares in the last quarter. Venturi Wealth Management LLC increased its stake 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 last quarter. Finally, Capital Investment Advisors LLC raised its position in Discover Financial Services by 4.6% during the fourth quarter. Capital Investment Advisors LLC now owns 1,687 shares of the financial services provider’s stock valued at $292,000 after purchasing an additional 74 shares during the period. 86.94% of the stock is currently owned by institutional investors.

Discover Financial Services Stock Performance

Shares of Discover Financial Services stock opened at $187.17 on Monday. 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’s fifty day moving average price is $176.94 and its 200-day moving average price is $152.41. The firm 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.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DFS. Barclays raised Discover Financial Services from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $137.00 to $186.00 in a research report on Monday, January 6th. StockNews.com raised shares of Discover Financial Services from a “hold” rating to a “buy” rating in a research note on Thursday. 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. Evercore ISI upped their price target on shares of Discover Financial Services from $156.00 to $163.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company raised their price objective on shares of 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. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.