Mufg Securities Americas Inc. Makes New $642,000 Investment in Discover Financial Services (NYSE:DFS)

Mufg Securities Americas Inc. purchased a new stake in Discover Financial Services (NYSE:DFS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,707 shares of the financial services provider's stock, valued at approximately $642,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in shares of Discover Financial Services in the 4th quarter valued at $33,000. Flagship Wealth Advisors LLC acquired a new position in shares of Discover Financial Services in the 4th quarter valued at $34,000. Grove Bank & Trust grew its holdings in shares of Discover Financial Services by 78.1% in the 4th 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 during the period. Bfsg LLC acquired a new position in shares of Discover Financial Services in the 4th quarter valued at $35,000. Finally, Hantz Financial Services Inc. acquired a new position in shares of Discover Financial Services in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 86.94% of the company's stock.

Discover Financial Services Stock Up 0.3%

NYSE DFS traded up $0.62 on Friday, reaching $201.10. The company had a trading volume of 31,289,322 shares, compared to its average volume of 1,784,714. The firm has a market capitalization of $50.61 billion, a price-to-earnings ratio of 12.60, a price-to-earnings-growth ratio of 1.51 and a beta of 1.16. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.09. Discover Financial Services has a 1-year low of $119.95 and a 1-year high of $207.42. The company's fifty day moving average is $172.34 and its 200-day moving average is $178.47.

Discover Financial Services (NYSE:DFS - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $4.25 EPS for the quarter, topping the consensus estimate of $3.33 by $0.92. Discover Financial Services had a net margin of 17.29% and a return on equity of 26.18%. The firm had revenue of $4.25 billion for the quarter, compared to analysts' expectations of $4.25 billion. During the same period in the previous year, the firm posted $1.10 EPS. On average, research analysts forecast that Discover Financial Services will post 13.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on DFS shares. Truist Financial boosted their price target on shares of Discover Financial Services from $219.00 to $229.00 and gave the company a "buy" rating in a report on Friday, April 25th. Wells Fargo & Company boosted their price target on shares of Discover Financial Services from $185.00 to $214.00 and gave the company an "equal weight" rating in a report on Friday, January 24th. Argus raised shares of Discover Financial Services to a "strong-buy" rating in a report on Friday, April 25th. Barclays upped their target price on shares of Discover Financial Services from $186.00 to $209.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Finally, Royal Bank of Canada upped their target price on shares of Discover Financial Services from $193.00 to $210.00 and gave the stock a "sector perform" rating in a research note on Friday, January 24th. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $191.64.

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.