20,809 Shares in Discover Financial Services (NYSE:DFS) Bought by Credit Industriel ET Commercial

Credit Industriel ET Commercial acquired a new position in shares of Discover Financial Services (NYSE:DFS - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 20,809 shares of the financial services provider's stock, valued at approximately $3,605,000. Discover Financial Services comprises 0.5% of Credit Industriel ET Commercial's investment portfolio, making the stock its 26th largest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. Invst LLC raised its position in shares of Discover Financial Services by 0.9% in the third quarter. Invst LLC now owns 7,253 shares of the financial services provider's stock valued at $1,018,000 after purchasing an additional 62 shares during the period. Wilmington Savings Fund Society FSB lifted its position in Discover Financial Services by 117.6% during the third quarter. Wilmington Savings Fund Society FSB now owns 7,869 shares of the financial services provider's stock worth $1,104,000 after acquiring an additional 4,253 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of Discover Financial Services by 7.0% during the third quarter. Tidal Investments LLC now owns 14,415 shares of the financial services provider's stock worth $2,022,000 after acquiring an additional 942 shares during the period. Peapack Gladstone Financial Corp grew its position in shares of Discover Financial Services by 15.7% in the third quarter. Peapack Gladstone Financial Corp now owns 6,207 shares of the financial services provider's stock valued at $871,000 after purchasing an additional 842 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Discover Financial Services by 3.3% during the third quarter. Principal Financial Group Inc. now owns 294,975 shares of the financial services provider's stock worth $41,382,000 after purchasing an additional 9,463 shares during the period. 86.94% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on DFS shares. JPMorgan Chase & Co. lowered their price objective on Discover Financial Services from $169.00 to $129.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Royal Bank of Canada boosted their price objective on shares of Discover Financial Services from $193.00 to $210.00 and gave the company a "sector perform" rating in a report on Friday, January 24th. 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 report on Thursday, April 24th. Barclays boosted their price target on Discover Financial Services from $186.00 to $209.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Finally, Truist Financial raised their price target on Discover Financial Services from $219.00 to $229.00 and gave the stock a "buy" rating in a research report on Friday. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Discover Financial Services has a consensus rating of "Hold" and an average price target of $188.91.

Discover Financial Services Stock Performance

Shares of DFS stock traded down $0.01 during trading on Tuesday, reaching $185.49. 535,978 shares of the company's stock traded hands, compared to its average volume of 1,608,948. Discover Financial Services has a 1 year low of $119.95 and a 1 year high of $205.76. The company has a market capitalization of $46.67 billion, a P/E ratio of 11.62, a PEG ratio of 1.51 and a beta of 1.20. 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 firm's 50-day moving average is $169.50 and its 200 day moving average is $174.33.

Discover Financial Services (NYSE:DFS - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $4.25 EPS for the quarter, topping analysts' consensus estimates of $3.33 by $0.92. The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.25 billion. Discover Financial Services had a return on equity of 26.18% and a net margin of 17.29%. During the same period last year, the company earned $1.10 earnings per share. Equities research analysts expect that Discover Financial Services will post 13.88 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; 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.