UMB Bank n.a. Grows Stock Position in Discover Financial Services (NYSE:DFS)

UMB Bank n.a. raised its position in Discover Financial Services (NYSE:DFS) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,248 shares of the financial services provider’s stock after buying an additional 56 shares during the quarter. UMB Bank n.a.’s holdings in Discover Financial Services were worth $1,602,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. National Pension Service raised its stake in Discover Financial Services by 14.8% in the 3rd quarter. National Pension Service now owns 439,756 shares of the financial services provider’s stock valued at $61,693,000 after acquiring an additional 56,814 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in shares of Discover Financial Services by 10.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 115,487 shares of the financial services provider’s stock worth $16,202,000 after purchasing an additional 10,946 shares in the last quarter. William B. Walkup & Associates Inc. bought a new stake in shares of Discover Financial Services in the second quarter valued at approximately $4,835,000. Janney Montgomery Scott LLC purchased a new stake in shares of Discover Financial Services during the 3rd quarter valued at approximately $2,415,000. Finally, Brookstone Capital Management bought a new position in Discover Financial Services in the 4th quarter worth approximately $282,000. Hedge funds and other institutional investors own 86.94% of the company’s stock.

Wall Street Analyst Weigh In

DFS has been the topic of a number of analyst reports. Evercore ISI boosted their target price on shares of Discover Financial Services from $156.00 to $163.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. UBS Group raised Discover Financial Services from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $150.00 to $239.00 in a report on Monday, January 13th. JPMorgan Chase & Co. cut their target price on Discover Financial Services from $150.00 to $146.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Barclays upgraded Discover Financial Services from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $137.00 to $186.00 in a research report on Monday, January 6th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of 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 investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Discover Financial Services currently has a consensus rating of “Moderate Buy” and an average target price of $171.71.

Discover Financial Services Stock Up 1.2 %

Shares of DFS opened at $187.17 on Tuesday. The firm has a market cap of $47.04 billion, a P/E ratio of 15.11, a P/E/G 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 stock has a 50 day simple moving average of $176.94 and a two-hundred day simple moving average of $152.55. 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.