JBGlobal.com LLC Invests $346,000 in Discover Financial Services (NYSE:DFS)

JBGlobal.com LLC bought a new stake in Discover Financial Services (NYSE:DFS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,995 shares of the financial services provider’s stock, valued at approximately $346,000. Discover Financial Services comprises about 0.4% of JBGlobal.com LLC’s investment portfolio, making the stock its 24th biggest holding.

Several other large investors have also recently added to or reduced their stakes in DFS. State Street Corp increased its stake in shares of Discover Financial Services by 0.8% during the 3rd quarter. State Street Corp now owns 10,498,044 shares of the financial services provider’s stock valued at $1,472,771,000 after acquiring an additional 80,601 shares during the last quarter. FMR LLC increased its position in Discover Financial Services by 8.0% during the third quarter. FMR LLC now owns 7,493,862 shares of the financial services provider’s stock worth $1,051,314,000 after purchasing an additional 558,227 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Discover Financial Services by 0.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,834,705 shares of the financial services provider’s stock worth $257,391,000 after purchasing an additional 12,255 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Discover Financial Services by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,728,276 shares of the financial services provider’s stock valued at $242,460,000 after purchasing an additional 7,751 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Discover Financial Services by 0.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,063,980 shares of the financial services provider’s stock valued at $149,266,000 after buying an additional 4,594 shares during the period. 86.94% of the stock is currently owned by hedge funds and other institutional investors.

Discover Financial Services Stock Performance

Discover Financial Services stock opened at $189.49 on Wednesday. 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’s fifty day moving average price is $177.06 and its 200 day moving average price is $152.94. The company has a market capitalization of $47.62 billion, a price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 1.09 and a beta of 1.46. Discover Financial Services has a 12-month low of $97.69 and a 12-month high of $190.13.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DFS. StockNews.com raised Discover Financial Services from a “hold” rating to a “buy” rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. reduced their price objective on Discover Financial Services from $150.00 to $146.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Evercore ISI increased their target price on shares of Discover Financial Services from $156.00 to $163.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Royal Bank of Canada raised their price target on shares of Discover Financial Services from $148.00 to $161.00 and gave the company a “sector perform” rating in a report on Friday, October 18th. Finally, UBS Group upgraded shares of Discover Financial Services from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $150.00 to $239.00 in a research note on Monday, January 13th. Nine equities 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.com, the company has an average 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.