Simon Quick Advisors LLC Acquires 270 Shares of Discover Financial Services (NYSE:DFS)

Simon Quick Advisors LLC increased its holdings in shares of Discover Financial Services (NYSE:DFS) by 3.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 7,400 shares of the financial services provider’s stock after acquiring an additional 270 shares during the period. Simon Quick Advisors LLC’s holdings in Discover Financial Services were worth $1,282,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. raised its position in Discover Financial Services by 12.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 7,397 shares of the financial services provider’s stock valued at $968,000 after purchasing an additional 818 shares in the last quarter. Pacer Advisors Inc. raised its position in Discover Financial Services by 4.6% during the 2nd quarter. Pacer Advisors Inc. now owns 17,986 shares of the financial services provider’s stock valued at $2,353,000 after purchasing an additional 797 shares in the last quarter. Sei Investments Co. raised its position in Discover Financial Services by 58.8% during the 2nd quarter. Sei Investments Co. now owns 92,474 shares of the financial services provider’s stock valued at $12,096,000 after purchasing an additional 34,226 shares in the last quarter. ProShare Advisors LLC raised its position in Discover Financial Services by 4.5% during the 2nd quarter. ProShare Advisors LLC now owns 52,855 shares of the financial services provider’s stock valued at $6,914,000 after purchasing an additional 2,296 shares in the last quarter. Finally, Frank Rimerman Advisors LLC bought a new position in shares of Discover Financial Services in the 2nd quarter worth $415,000. 86.94% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on DFS shares. Wells Fargo & Company boosted their price target on 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. Barclays upgraded Discover Financial Services from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $137.00 to $186.00 in a research note on Monday, January 6th. Royal Bank of Canada boosted their target price on 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. JPMorgan Chase & Co. dropped their price target 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. Finally, Keefe, Bruyette & Woods boosted their price target on Discover Financial Services from $170.00 to $232.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Discover Financial Services currently has a consensus rating of “Moderate Buy” and an average price target of $171.71.

Discover Financial Services Price Performance

Shares of Discover Financial Services stock opened at $189.49 on Wednesday. The business has a 50 day simple moving average of $177.06 and a two-hundred day simple moving average of $152.94. Discover Financial Services has a 12 month low of $97.69 and a 12 month high of $190.13. The stock has a market capitalization of $47.62 billion, a P/E ratio of 15.29, a PEG ratio of 1.09 and a beta of 1.46. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.10 and a quick ratio of 1.03.

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.