Nomura Holdings Inc. Invests $20.23 Million in Discover Financial Services (NYSE:DFS)

Nomura Holdings Inc. acquired a new position in Discover Financial Services (NYSE:DFS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 116,789 shares of the financial services provider's stock, valued at approximately $20,231,000.

Several other large investors also recently made changes to their positions in the business. SBI Securities Co. Ltd. acquired a new stake in Discover Financial Services during the fourth quarter valued at $33,000. Flagship Wealth Advisors LLC bought a new stake in shares of Discover Financial Services in the 4th quarter valued at approximately $34,000. Grove Bank & Trust increased its holdings in Discover Financial Services by 78.1% in the fourth quarter. Grove Bank & Trust now owns 203 shares of the financial services provider's stock worth $35,000 after buying an additional 89 shares during the last quarter. Bfsg LLC bought a new position in Discover Financial Services during the fourth quarter valued at approximately $35,000. Finally, Hantz Financial Services Inc. acquired a new stake in Discover Financial Services in the fourth quarter valued at approximately $37,000. Institutional investors own 86.94% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on DFS shares. Wells Fargo & Company upped 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. Royal Bank of Canada upped their price target on Discover Financial Services from $193.00 to $210.00 and gave the company a "sector perform" rating in a report on Friday, January 24th. Barclays upped their target price 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. JPMorgan Chase & Co. decreased their price target on shares of Discover Financial Services from $169.00 to $129.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Finally, Truist Financial upped 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. Eight 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $191.64.

Discover Financial Services Price Performance

Shares of Discover Financial Services stock traded down $2.73 during trading on Tuesday, hitting $197.76. 31,289,322 shares of the stock traded hands, compared to its average volume of 1,784,714. The stock has a market cap of $49.77 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 1.51 and a beta of 1.16. The firm's fifty day moving average is $173.02 and its 200-day moving average is $179.00. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. Discover Financial Services has a 52 week low of $119.95 and a 52 week high of $207.42.

Discover Financial Services (NYSE:DFS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $4.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.33 by $0.92. The business had revenue of $4.25 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the firm earned $1.10 EPS. Research analysts expect that Discover Financial Services will post 13.88 EPS for the current fiscal 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.