Blue Trust Inc. Acquires 217 Shares of Discover Financial Services (NYSE:DFS)

Blue Trust Inc. raised its holdings in shares of Discover Financial Services (NYSE:DFS) by 57.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 597 shares of the financial services provider’s stock after purchasing an additional 217 shares during the quarter. Blue Trust Inc.’s holdings in Discover Financial Services were worth $102,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Rehmann Capital Advisory Group grew its stake in shares of Discover Financial Services by 1.0% in the 4th quarter. Rehmann Capital Advisory Group now owns 5,152 shares of the financial services provider’s stock worth $892,000 after acquiring an additional 51 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of Discover Financial Services by 4.2% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,411 shares of the financial services provider’s stock worth $244,000 after buying an additional 57 shares during the last quarter. MGO One Seven LLC boosted its holdings in shares of Discover Financial Services by 3.2% in the 4th quarter. MGO One Seven LLC now owns 1,821 shares of the financial services provider’s stock worth $315,000 after buying an additional 57 shares during the last quarter. Miracle Mile Advisors LLC boosted its holdings in shares of Discover Financial Services by 2.3% in the 1st quarter. Miracle Mile Advisors LLC now owns 2,799 shares of the financial services provider’s stock worth $478,000 after buying an additional 63 shares during the last quarter. Finally, Midwest Professional Planners LTD. boosted its position in Discover Financial Services by 0.8% during the fourth quarter. Midwest Professional Planners LTD. now owns 8,464 shares of the financial services provider’s stock worth $1,466,000 after purchasing an additional 64 shares during the period. Institutional investors own 86.94% of the company’s stock.

Discover Financial Services Stock Performance

Shares of DFS stock opened at $197.76 on Thursday. Discover Financial Services has a 12 month low of $122.34 and a 12 month high of $207.42. The stock has a market cap of $49.77 billion, a PE ratio of 12.39, a price-to-earnings-growth ratio of 1.51 and a beta of 1.16. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. The company’s fifty day moving average price is $192.63 and its 200-day moving average price is $183.06.

Discover Financial Services (NYSE:DFS) last announced 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. The company had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.25 billion. Discover Financial Services had a net margin of 17.29% and a return on equity of 26.18%. During the same quarter in the previous year, the business posted $1.10 EPS. On average, equities analysts expect that Discover Financial Services will post 13.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Wall Street Zen lowered shares of Discover Financial Services from a “buy” rating to a “hold” rating in a research report on Tuesday, April 15th. TD Securities lowered their target price 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 raised their target price on shares of Discover Financial Services from $219.00 to $229.00 and gave the company a “buy” rating in a research note on Friday, April 25th. Argus raised shares of Discover Financial Services to a “strong-buy” rating in a research note on Friday, April 25th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $180.00 target price on shares of Discover Financial Services in a research note on Wednesday, May 7th. Seven investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.