Discover Financial Services (NYSE:DFS) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lessened its stake in Discover Financial Services (NYSE:DFS) by 39.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 228 shares of the financial services provider’s stock after selling 149 shares during the period. Harbor Capital Advisors Inc.’s holdings in Discover Financial Services were worth $39,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of DFS. DiNuzzo Private Wealth Inc. lifted its stake in shares of Discover Financial Services by 506.5% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 157 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in Discover Financial Services during the third quarter worth approximately $30,000. Pinnacle Bancorp Inc. lifted its position in Discover Financial Services by 37.1% in the third quarter. Pinnacle Bancorp Inc. now owns 292 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 79 shares during the period. Venturi Wealth Management LLC boosted its stake in Discover Financial Services by 27.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 316 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 68 shares in the last quarter. Finally, Larson Financial Group LLC increased its position in shares of Discover Financial Services by 53.8% during the 3rd quarter. Larson Financial Group LLC now owns 386 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 135 shares during the period. Institutional investors and hedge funds own 86.94% of the company’s stock.

Discover Financial Services Price Performance

DFS opened at $187.49 on Thursday. The firm has a market capitalization of $47.12 billion, a P/E ratio of 15.13, a PEG ratio of 1.12 and a beta of 1.46. The stock has a fifty day moving average of $176.40 and a 200-day moving average of $151.42. The company has a quick ratio of 1.04, a current ratio of 1.08 and a debt-to-equity ratio of 1.28. Discover Financial Services has a 12-month low of $96.46 and a 12-month high of $188.99.

Discover Financial Services (NYSE:DFS) last announced its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.28 by $0.41. Discover Financial Services had a return on equity of 21.38% and a net margin of 13.78%. The firm had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same period in the prior year, the business earned $2.59 EPS. Equities analysts forecast that Discover Financial Services will post 13.43 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on DFS shares. Wells Fargo & Company upped their price objective on Discover Financial Services from $160.00 to $185.00 and gave the company an “equal weight” rating in a report on Friday, January 3rd. StockNews.com downgraded shares of Discover Financial Services from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Evercore ISI lifted their price objective on shares of Discover Financial Services from $156.00 to $163.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. UBS Group upgraded shares of Discover Financial Services from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $150.00 to $239.00 in a report on Monday. Finally, Truist Financial assumed coverage on shares of Discover Financial Services in a report on Tuesday, January 7th. They set a “buy” rating and a $233.00 target price for the company. Eleven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Discover Financial Services currently has an average rating of “Hold” and a consensus price target of $164.75.

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.