Decker Retirement Planning Inc. Purchases Shares of 270 Discover Financial Services (NYSE:DFS)

Decker Retirement Planning Inc. acquired a new position in Discover Financial Services (NYSE:DFS) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 270 shares of the financial services provider’s stock, valued at approximately $47,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Invst LLC grew its position in Discover Financial Services by 0.9% during the 3rd quarter. Invst LLC now owns 7,253 shares of the financial services provider’s stock worth $1,018,000 after acquiring an additional 62 shares during the last quarter. CTC Alternative Strategies Ltd. boosted its stake in shares of Discover Financial Services by 3.2% during the third quarter. CTC Alternative Strategies Ltd. now owns 2,047 shares of the financial services provider’s stock valued at $287,000 after purchasing an additional 63 shares during the period. Eagle Bluffs Wealth Management LLC grew its holdings in shares of 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 purchasing an additional 67 shares during the last quarter. 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 worth $44,000 after buying an additional 68 shares during the period. Finally, Capital Investment Advisors LLC raised its holdings 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 buying an additional 74 shares during the last quarter. Institutional investors own 86.94% of the company’s stock.

Discover Financial Services Trading Down 1.3 %

Shares of NYSE DFS opened at $185.04 on Friday. Discover Financial Services has a 1 year low of $96.46 and a 1 year high of $188.99. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.10 and a quick ratio of 1.03. The firm has a 50-day moving average of $176.50 and a 200 day moving average of $151.67. The stock has a market cap of $46.50 billion, a P/E ratio of 14.93, a price-to-earnings-growth ratio of 0.99 and a beta of 1.46.

Discover Financial Services (NYSE:DFS) last released its earnings results on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.28 by $0.41. Discover Financial Services had a net margin of 13.78% and a return on equity of 22.08%. 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 business earned $2.59 earnings per share. As a group, sell-side analysts expect that Discover Financial Services will post 14.17 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. UBS Group raised shares of Discover Financial Services from a “neutral” rating to a “buy” rating and raised their price target for the stock from $150.00 to $239.00 in a report on Monday. Evercore ISI raised their target price on 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. Barclays raised Discover Financial Services from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $137.00 to $186.00 in a research report on Monday, January 6th. 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 report on Friday, October 18th. Finally, StockNews.com upgraded Discover Financial Services from a “hold” rating to a “buy” rating in a report on Thursday. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.75.

Discover Financial Services Company 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.