Aspire Private Capital LLC Has $416,000 Position in Discover Financial Services (NYSE:DFS)

Aspire Private Capital LLC lessened its position in Discover Financial Services (NYSE:DFS) by 31.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,400 shares of the financial services provider’s stock after selling 1,090 shares during the period. Aspire Private Capital LLC’s holdings in Discover Financial Services were worth $416,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. National Pension Service increased its holdings in shares of Discover Financial Services by 14.8% in the third quarter. National Pension Service now owns 439,756 shares of the financial services provider’s stock worth $61,693,000 after acquiring an additional 56,814 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in Discover Financial Services by 10.5% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 115,487 shares of the financial services provider’s stock worth $16,202,000 after buying an additional 10,946 shares during the period. William B. Walkup & Associates Inc. bought a new position in Discover Financial Services in the second quarter valued at approximately $4,835,000. Janney Montgomery Scott LLC acquired a new position in shares of Discover Financial Services in the third quarter valued at approximately $2,415,000. Finally, Meyer Handelman Co. acquired a new stake in shares of Discover Financial Services during the fourth quarter worth $239,000. 86.94% of the stock is currently owned by institutional investors and hedge funds.

Discover Financial Services Stock Up 1.2 %

NYSE DFS opened at $189.49 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. The company has a market cap of $47.62 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 1.09 and a beta of 1.46. The company has a 50 day moving average of $177.06 and a 200-day moving average of $152.94. Discover Financial Services has a 1-year low of $97.69 and a 1-year high of $190.13.

Analysts Set New Price Targets

A number of research firms have issued reports on DFS. Evercore ISI increased their target price on Discover Financial Services from $156.00 to $163.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. StockNews.com raised Discover Financial Services from a “hold” rating to a “buy” rating in a research report on Thursday, January 16th. Truist Financial began coverage on Discover Financial Services in a research report on Tuesday, January 7th. They set a “buy” rating and a $233.00 price target for the company. Wells Fargo & Company boosted 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. Finally, JPMorgan Chase & Co. lowered their target price on Discover Financial Services from $150.00 to $146.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $171.71.

Discover Financial Services 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.