Astoria Portfolio Advisors LLC. Buys 157 Shares of Discover Financial Services (NYSE:DFS)

Astoria Portfolio Advisors LLC. grew its stake in Discover Financial Services (NYSE:DFS) by 5.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,197 shares of the financial services provider’s stock after buying an additional 157 shares during the quarter. Astoria Portfolio Advisors LLC.’s holdings in Discover Financial Services were worth $578,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. DiNuzzo Private Wealth Inc. lifted its position in Discover Financial Services by 506.5% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 157 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Discover Financial Services in the 3rd quarter valued at about $30,000. Pinnacle Bancorp Inc. lifted its holdings in shares of Discover Financial Services by 37.1% in the third quarter. Pinnacle Bancorp Inc. now owns 292 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 79 shares in the last quarter. Venturi Wealth Management LLC boosted its position in shares of Discover Financial Services by 27.4% during 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, Decker Retirement Planning Inc. acquired a new position in shares of Discover Financial Services during the fourth quarter worth about $47,000. Institutional investors own 86.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Truist Financial assumed coverage on Discover Financial Services in a research report on Tuesday, January 7th. They issued a “buy” rating and a $233.00 target price on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Discover Financial Services from $170.00 to $232.00 and gave the company an “outperform” rating in a report on Monday, December 9th. 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 report on Friday, October 18th. Wells Fargo & Company lifted their price target 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. Finally, Evercore ISI boosted their price target 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. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $164.75.

Discover Financial Services Stock Up 1.2 %

DFS stock opened at $187.17 on Friday. 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 firm has a market capitalization of $47.04 billion, a PE ratio of 15.11, a PEG ratio of 0.99 and a beta of 1.46. Discover Financial Services has a 1-year low of $96.46 and a 1-year high of $189.27. The business’s 50 day simple moving average is $176.94 and its 200 day simple moving average is $152.28.

Discover Financial Services (NYSE:DFS) last released its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $3.69 EPS for the quarter, topping analysts’ consensus estimates of $3.28 by $0.41. The firm had revenue of $5.91 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Discover Financial Services had a net margin of 13.78% and a return on equity of 22.08%. During the same period in the previous year, the business posted $2.59 earnings per share. As a group, research analysts anticipate that Discover Financial Services will post 14.17 EPS for the current year.

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.