Asset Management One Co. Ltd. Buys 6,748 Shares of Discover Financial Services (NYSE:DFS)

Asset Management One Co. Ltd. boosted its stake in Discover Financial Services (NYSE:DFS) by 6.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 105,288 shares of the financial services provider’s stock after purchasing an additional 6,748 shares during the period. Asset Management One Co. Ltd.’s holdings in Discover Financial Services were worth $17,973,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in Discover Financial Services in the 4th quarter worth approximately $38,489,000. AIA Group Ltd bought a new stake in Discover Financial Services in the 4th quarter worth approximately $1,854,000. SBI Securities Co. Ltd. bought a new stake in Discover Financial Services in the 4th quarter worth approximately $33,000. Ritholtz Wealth Management grew its position in Discover Financial Services by 1.8% in the 1st quarter. Ritholtz Wealth Management now owns 3,629 shares of the financial services provider’s stock worth $619,000 after purchasing an additional 64 shares during the period. Finally, Trust Point Inc. grew its position in Discover Financial Services by 6.5% in the 1st quarter. Trust Point Inc. now owns 1,351 shares of the financial services provider’s stock worth $231,000 after purchasing an additional 82 shares during the period. Institutional investors own 86.94% of the company’s stock.

Discover Financial Services Trading Down 1.4%

Shares of DFS stock opened at $197.76 on Thursday. Discover Financial Services has a 52-week low of $122.34 and a 52-week high of $207.42. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.09. The firm has a market capitalization of $49.77 billion, a PE ratio of 12.39, a PEG ratio of 1.51 and a beta of 1.16. The stock has a fifty day simple moving average of $192.63 and a two-hundred day simple moving average of $183.06.

Discover Financial Services (NYSE:DFS) last issued its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $4.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.33 by $0.92. Discover Financial Services had a return on equity of 26.18% and a net margin of 17.29%. The business had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.25 billion. During the same quarter in the prior year, the business posted $1.10 EPS. On average, analysts predict that Discover Financial Services will post 13.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DFS has been the topic of several analyst reports. TD Securities dropped their price target on shares of Discover Financial Services from $188.00 to $184.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Truist Financial lifted their price target on shares of Discover Financial Services from $219.00 to $229.00 and gave the stock a “buy” rating in a research note on Friday, April 25th. Wall Street Zen cut shares of Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Tuesday, April 15th. Argus upgraded shares of Discover Financial Services to a “strong-buy” rating in a research note on Friday, April 25th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $180.00 price target on shares of Discover Financial Services in a research note on Wednesday, May 7th. Seven analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $191.64.

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.