Grove Bank & Trust Has $35,000 Stake in Discover Financial Services (NYSE:DFS)

Grove Bank & Trust grew its position in Discover Financial Services (NYSE:DFS) by 78.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 203 shares of the financial services provider’s stock after purchasing an additional 89 shares during the quarter. Grove Bank & Trust’s holdings in Discover Financial Services were worth $35,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. National Pension Service grew its position in Discover Financial Services by 14.8% during the third quarter. National Pension Service now owns 439,756 shares of the financial services provider’s stock worth $61,693,000 after buying an additional 56,814 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its position in Discover Financial Services by 10.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 115,487 shares of the financial services provider’s stock worth $16,202,000 after buying an additional 10,946 shares in the last quarter. William B. Walkup & Associates Inc. acquired a new stake in Discover Financial Services during the second quarter worth approximately $4,835,000. Janney Montgomery Scott LLC acquired a new stake in Discover Financial Services during the third quarter worth approximately $2,415,000. Finally, Meyer Handelman Co. acquired a new stake in Discover Financial Services during the fourth quarter worth approximately $239,000. Institutional investors and hedge funds own 86.94% of the company’s stock.

Discover Financial Services Stock Performance

Shares of Discover Financial Services stock opened at $187.17 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. The business’s fifty day simple moving average is $176.94 and its 200 day simple moving average is $152.55. Discover Financial Services has a 12 month low of $96.46 and a 12 month high of $189.27. The firm has a market capitalization of $47.04 billion, a P/E ratio of 15.11, a price-to-earnings-growth ratio of 0.99 and a beta of 1.46.

Wall Street Analyst Weigh In

DFS has been the topic of a number of research analyst reports. Royal Bank of Canada raised their target price on Discover Financial Services from $148.00 to $161.00 and gave the company a “sector perform” rating in a report on Friday, October 18th. UBS Group raised Discover Financial Services from a “neutral” rating to a “buy” rating and raised their target price for the company from $150.00 to $239.00 in a report on Monday, January 13th. Wells Fargo & Company raised their target price 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. Evercore ISI raised their target price on Discover Financial Services from $156.00 to $163.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods increased their price target on Discover Financial Services from $170.00 to $232.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $171.71.

Discover Financial Services 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.