Sendero Wealth Management LLC Boosts Position in Discover Financial Services (NYSE:DFS)

Sendero Wealth Management LLC increased its holdings in Discover Financial Services (NYSE:DFS) by 24.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,841 shares of the financial services provider’s stock after acquiring an additional 555 shares during the quarter. Sendero Wealth Management LLC’s holdings in Discover Financial Services were worth $492,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Invst LLC raised its holdings in 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 purchasing an additional 62 shares in the last quarter. CTC Alternative Strategies Ltd. raised its stake in Discover Financial Services by 3.2% in the third quarter. CTC Alternative Strategies Ltd. now owns 2,047 shares of the financial services provider’s stock worth $287,000 after buying an additional 63 shares in the last quarter. Eagle Bluffs Wealth Management LLC lifted its holdings 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 buying an additional 67 shares during the period. Venturi Wealth Management LLC lifted its holdings in Discover Financial Services by 27.4% in the third quarter. Venturi Wealth Management LLC now owns 316 shares of the financial services provider’s stock worth $44,000 after buying an additional 68 shares during the period. Finally, Capital Investment Advisors LLC boosted its position in Discover Financial Services by 4.6% during the 4th quarter. Capital Investment Advisors LLC now owns 1,687 shares of the financial services provider’s stock valued at $292,000 after acquiring an additional 74 shares in the last quarter. Institutional investors own 86.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DFS. JPMorgan Chase & Co. decreased their target price on Discover Financial Services from $150.00 to $146.00 and set a “neutral” rating for the company in a research report on Tuesday. StockNews.com downgraded Discover Financial Services from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Wells Fargo & Company raised their price objective on Discover Financial Services from $160.00 to $185.00 and gave the company an “equal weight” rating in a research report on Friday, January 3rd. Keefe, Bruyette & Woods upped 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 report on Monday, December 9th. Finally, Truist Financial began coverage on shares of Discover Financial Services in a research note on Tuesday, January 7th. They issued a “buy” rating and a $233.00 price target for the company. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $164.75.

Discover Financial Services Stock Performance

DFS stock opened at $187.49 on Thursday. The stock has a market capitalization of $47.12 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 1.12 and a beta of 1.46. The stock’s 50 day simple moving average is $176.40 and its 200 day simple moving average is $151.42. Discover Financial Services has a 12-month low of $96.46 and a 12-month high of $188.99. The company has a current ratio of 1.08, a quick ratio of 1.04 and a debt-to-equity ratio of 1.28.

Discover Financial Services (NYSE:DFS) last released its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $3.69 EPS for the quarter, topping the consensus estimate of $3.28 by $0.41. The company had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $4.36 billion. Discover Financial Services had a return on equity of 21.38% and a net margin of 13.78%. During the same period last year, the company earned $2.59 EPS. As a group, research analysts forecast that Discover Financial Services will post 13.43 earnings per share for the current fiscal year.

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.