Clear Harbor Asset Management LLC Has $2 Million Stake in Discover Financial Services (NYSE:DFS)

Clear Harbor Asset Management LLC cut its stake in shares of Discover Financial Services (NYSE:DFS) by 7.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 11,520 shares of the financial services provider’s stock after selling 892 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in Discover Financial Services were worth $1,996,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in DFS. DiNuzzo Private Wealth Inc. raised its holdings in 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 worth $26,000 after purchasing an additional 157 shares during the last quarter. Grove Bank & Trust raised its stake in Discover Financial Services by 78.1% during the fourth quarter. Grove Bank & Trust now owns 203 shares of the financial services provider’s stock worth $35,000 after buying an additional 89 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Discover Financial Services in the third quarter valued at $30,000. Decker Retirement Planning Inc. acquired a new stake in Discover Financial Services during the 4th quarter worth about $47,000. Finally, Pinnacle Bancorp Inc. raised its position in shares of Discover Financial Services by 37.1% in 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 in the last quarter. Institutional investors and hedge funds own 86.94% of the company’s stock.

Discover Financial Services Stock Performance

NYSE DFS opened at $187.17 on Tuesday. 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 company has a market capitalization of $47.04 billion, a PE ratio of 15.11, a price-to-earnings-growth ratio of 1.09 and a beta of 1.46. Discover Financial Services has a 52-week low of $96.46 and a 52-week high of $189.27. The company has a 50-day simple moving average of $176.94 and a 200 day simple moving average of $152.55.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DFS. 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 on the stock. Wells Fargo & Company lifted their price objective on shares of Discover Financial Services from $160.00 to $185.00 and gave the company an “equal weight” rating in a research note on Friday, January 3rd. Royal Bank of Canada increased their target price on shares of 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. StockNews.com raised shares of Discover Financial Services from a “hold” rating to a “buy” rating in a research note on Thursday, January 16th. Finally, Evercore ISI raised their target price 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. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.