Aaron Wealth Advisors LLC Increases Stake in Discover Financial Services (NYSE:DFS)

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

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. FMR LLC increased its position in shares of Discover Financial Services by 8.0% in the 3rd quarter. FMR LLC now owns 7,493,862 shares of the financial services provider’s stock valued at $1,051,314,000 after acquiring an additional 558,227 shares during the period. Samlyn Capital LLC increased its holdings in shares of Discover Financial Services by 368.0% in the second quarter. Samlyn Capital LLC now owns 646,691 shares of the financial services provider’s stock valued at $84,594,000 after purchasing an additional 508,504 shares during the period. Mizuho Securities USA LLC raised its stake in shares of Discover Financial Services by 1,272.0% in the third quarter. Mizuho Securities USA LLC now owns 265,155 shares of the financial services provider’s stock worth $37,199,000 after purchasing an additional 245,829 shares during the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of Discover Financial Services by 67.1% during the second quarter. Point72 Asset Management L.P. now owns 478,599 shares of the financial services provider’s stock worth $62,606,000 after purchasing an additional 192,142 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in Discover Financial Services in the third quarter valued at approximately $21,169,000. Hedge funds and other institutional investors own 86.94% of the company’s stock.

Discover Financial Services Trading Up 1.2 %

Shares of DFS stock opened at $187.17 on Monday. Discover Financial Services has a fifty-two week low of $96.46 and a fifty-two week high of $189.27. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.10. The stock’s fifty day moving average is $176.94 and its two-hundred day moving average is $152.41. The firm has a market capitalization of $47.04 billion, a P/E ratio of 15.11, a PEG ratio of 0.99 and a beta of 1.46.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DFS. Evercore ISI lifted their price objective on shares of 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. StockNews.com raised shares of Discover Financial Services from a “hold” rating to a “buy” rating in a report on Thursday. UBS Group upgraded Discover Financial Services from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $150.00 to $239.00 in a research note on Monday, January 13th. Truist Financial began coverage on Discover Financial Services in a report on Tuesday, January 7th. They set a “buy” rating and a $233.00 target price on the stock. Finally, Wells Fargo & Company upped 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 report on Friday, January 3rd. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Discover Financial Services presently has an average rating of “Moderate Buy” and an average price target of $171.71.

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.