Eldred Rock Partners LLC Has $13.89 Million Position in Discover Financial Services (NYSE:DFS)

Eldred Rock Partners LLC increased its holdings in Discover Financial Services (NYSE:DFS) by 0.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,328 shares of the financial services provider’s stock after purchasing an additional 284 shares during the quarter. Discover Financial Services accounts for 4.7% of Eldred Rock Partners LLC’s holdings, making the stock its 6th biggest position. Eldred Rock Partners LLC’s holdings in Discover Financial Services were worth $13,889,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Grove Bank & Trust increased its holdings in shares of Discover Financial Services by 78.1% in the fourth quarter. Grove Bank & Trust now owns 203 shares of the financial services provider’s stock valued at $35,000 after buying an additional 89 shares in the last quarter. Aaron Wealth Advisors LLC grew its holdings in shares of Discover Financial Services by 7.1% in the 4th quarter. Aaron Wealth Advisors LLC now owns 2,730 shares of the financial services provider’s stock worth $473,000 after acquiring an additional 182 shares during the last quarter. Astoria Portfolio Advisors LLC. raised its position in shares of Discover Financial Services by 5.2% during the fourth quarter. Astoria Portfolio Advisors LLC. now owns 3,197 shares of the financial services provider’s stock worth $578,000 after purchasing an additional 157 shares during the period. Smith Salley Wealth Management purchased a new stake in shares of Discover Financial Services during the fourth quarter valued at $220,000. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Discover Financial Services in the 4th quarter valued at $298,000. 86.94% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DFS has been the subject of a number of analyst reports. Evercore ISI upped their price objective on shares of Discover Financial Services from $156.00 to $163.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods raised their price objective on shares of Discover Financial Services from $170.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Truist Financial began coverage on shares of Discover Financial Services in a research report on Tuesday, January 7th. They set a “buy” rating and a $233.00 price objective on the stock. Barclays upgraded Discover Financial Services from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $137.00 to $186.00 in a report on Monday, January 6th. Finally, StockNews.com upgraded Discover Financial Services from a “hold” rating to a “buy” rating in a report on Thursday. Nine 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $171.71.

Discover Financial Services Trading Up 1.2 %

NYSE:DFS opened at $187.17 on Monday. The company has a market capitalization 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. The stock’s 50 day moving average price is $176.94 and its 200 day moving average price is $152.41. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.10. Discover Financial Services has a 52 week low of $96.46 and a 52 week high of $189.27.

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; 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.