Aspire Private Capital LLC Sells 1,090 Shares of Discover Financial Services (NYSE:DFS)

Aspire Private Capital LLC decreased its holdings in shares of Discover Financial Services (NYSE:DFS) by 31.2% in the 4th quarter, Holdings Channel reports. The fund owned 2,400 shares of the financial services provider’s stock after selling 1,090 shares during the period. Aspire Private Capital LLC’s holdings in Discover Financial Services were worth $416,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. DiNuzzo Private Wealth Inc. boosted its holdings in shares of Discover Financial Services by 506.5% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 157 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Discover Financial Services in the third quarter valued at about $30,000. Grove Bank & Trust boosted its stake in shares of Discover Financial Services by 78.1% during the fourth 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 in the last quarter. Pinnacle Bancorp Inc. grew its holdings in shares of Discover Financial Services by 37.1% during the third quarter. Pinnacle Bancorp Inc. now owns 292 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 79 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its stake in shares of 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 valued at $44,000 after buying an additional 68 shares during the period. Institutional investors own 86.94% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on DFS. Barclays raised shares of Discover Financial Services from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $137.00 to $186.00 in a research note on Monday, January 6th. Truist Financial assumed coverage on Discover Financial Services in a research report on Tuesday, January 7th. They set a “buy” rating and a $233.00 target price for the company. Wells Fargo & Company lifted their target price on Discover Financial Services from $160.00 to $185.00 and gave the stock an “equal weight” rating in a report on Friday, January 3rd. Evercore ISI increased their price target on 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. Finally, Royal Bank of Canada lifted their price objective on Discover Financial Services from $148.00 to $161.00 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $171.71.

Discover Financial Services Price Performance

Discover Financial Services stock opened at $189.49 on Wednesday. The business has a 50-day simple moving average of $177.06 and a 200 day simple moving average of $152.94. Discover Financial Services has a 52 week low of $97.69 and a 52 week high of $190.13. The stock has a market cap of $47.62 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 1.09 and a beta of 1.46. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 1.09.

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.