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

Sendero Wealth Management LLC boosted its position in Discover Financial Services (NYSE:DFS) by 24.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,841 shares of the financial services provider’s stock after purchasing an additional 555 shares during the period. Sendero Wealth Management LLC’s holdings in Discover Financial Services were worth $492,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. DiNuzzo Private Wealth Inc. lifted its stake in shares of Discover Financial Services by 506.5% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 157 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in Discover Financial Services in the third quarter worth approximately $30,000. Pinnacle Bancorp Inc. boosted its stake 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. Venturi Wealth Management LLC grew its position in shares of Discover Financial Services by 27.4% during 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. Finally, Friedenthal Financial bought a new stake in shares of Discover Financial Services during the 4th quarter valued at $51,000. 86.94% of the stock is currently owned by institutional investors.

Discover Financial Services Price Performance

Shares of Discover Financial Services stock opened at $187.49 on Thursday. 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 has a 12 month low of $96.46 and a 12 month high of $188.99. The stock has a 50 day moving average of $176.40 and a 200 day moving average of $151.42. The firm has a market cap of $47.12 billion, a PE ratio of 15.13, a PEG ratio of 1.12 and a beta of 1.46.

Discover Financial Services (NYSE:DFS) last posted its earnings results on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share for the quarter, beating analysts’ consensus estimates of $3.28 by $0.41. Discover Financial Services had a net margin of 13.78% and a return on equity of 21.38%. The firm had revenue of $5.91 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same period last year, the firm posted $2.59 earnings per share. On average, research analysts expect that Discover Financial Services will post 13.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DFS. Royal Bank of Canada raised their target price on Discover Financial Services from $148.00 to $161.00 and gave the stock a “sector perform” rating in a report on Friday, October 18th. JPMorgan Chase & Co. lowered their price objective on Discover Financial Services from $150.00 to $146.00 and set a “neutral” rating on the stock in a research report on Tuesday. Truist Financial assumed coverage on shares of Discover Financial Services in a report on Tuesday, January 7th. They issued a “buy” rating and a $233.00 target price for the company. UBS Group raised shares of Discover Financial Services from a “neutral” rating to a “buy” rating and lifted their price target for the company from $150.00 to $239.00 in a report on Monday. Finally, Evercore ISI increased their price objective 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. Eleven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Discover Financial Services has a consensus rating of “Hold” and a consensus price target of $164.75.

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.