Court Place Advisors LLC Purchases Shares of 1,869 Discover Financial Services (NYSE:DFS)

Court Place Advisors LLC purchased a new stake in Discover Financial Services (NYSE:DFS) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 1,869 shares of the financial services provider’s stock, valued at approximately $210,000.

Other large investors have also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC acquired a new position in shares of Discover Financial Services in the 4th quarter worth approximately $28,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of Discover Financial Services in the 3rd quarter worth approximately $30,000. Resurgent Financial Advisors LLC acquired a new position in shares of Discover Financial Services in the 4th quarter worth approximately $31,000. Pinnacle Bancorp Inc. raised its holdings in shares of Discover Financial Services by 282.0% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 382 shares of the financial services provider’s stock worth $33,000 after buying an additional 282 shares in the last quarter. Finally, Compass Wealth Management LLC acquired a new position in shares of Discover Financial Services in the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 86.94% of the company’s stock.

Insider Transactions at Discover Financial Services

In other news, CFO John Greene sold 35,191 shares of the firm’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $106.51, for a total value of $3,748,193.41. Following the transaction, the chief financial officer now directly owns 18,592 shares in the company, valued at approximately $1,980,233.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DFS. Wolfe Research reaffirmed a “peer perform” rating on shares of Discover Financial Services in a report on Wednesday, February 21st. StockNews.com began coverage on Discover Financial Services in a report on Wednesday, April 10th. They set a “hold” rating for the company. Piper Sandler raised their price target on Discover Financial Services from $127.00 to $145.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $140.00 price target (up from $117.00) on shares of Discover Financial Services in a report on Wednesday, February 21st. Finally, Wells Fargo & Company raised their price target on Discover Financial Services from $105.00 to $135.00 and gave the company an “equal weight” rating in a report on Wednesday, April 10th. Twelve investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $125.22.

Discover Financial Services Trading Up 0.3 %

Shares of NYSE:DFS traded up $0.36 during midday trading on Wednesday, hitting $119.93. The company had a trading volume of 1,742,242 shares, compared to its average volume of 2,258,674. Discover Financial Services has a 12 month low of $79.04 and a 12 month high of $131.65. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.49. The stock has a market cap of $30.05 billion, a price-to-earnings ratio of 10.66, a PEG ratio of 0.86 and a beta of 1.45. The firm has a fifty day simple moving average of $121.11 and a 200 day simple moving average of $105.42.

Discover Financial Services (NYSE:DFS) last posted its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.03 by ($1.93). Discover Financial Services had a return on equity of 22.24% and a net margin of 14.30%. During the same period in the prior year, the business earned $3.58 earnings per share. On average, analysts predict that Discover Financial Services will post 11.2 EPS for the current year.

Discover Financial Services Company 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; private student loans, 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.