Simon Quick Advisors LLC Purchases 270 Shares of Discover Financial Services (NYSE:DFS)

Simon Quick Advisors LLC increased its position in Discover Financial Services (NYSE:DFS) by 3.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,400 shares of the financial services provider’s stock after buying an additional 270 shares during the quarter. Simon Quick Advisors LLC’s holdings in Discover Financial Services were worth $1,282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of DFS. DiNuzzo Private Wealth Inc. raised its holdings in shares of Discover Financial Services by 506.5% during the third quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 157 shares in the last quarter. Grove Bank & Trust raised its holdings in shares of Discover Financial Services by 78.1% during the fourth quarter. Grove Bank & Trust now owns 203 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 89 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Discover Financial Services during the third quarter valued at approximately $30,000. Decker Retirement Planning Inc. bought a new position in shares of Discover Financial Services during the fourth quarter valued at approximately $47,000. Finally, Pinnacle Bancorp Inc. raised its holdings in shares of Discover Financial Services by 37.1% during the third quarter. Pinnacle Bancorp Inc. now owns 292 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 79 shares in the last quarter. Institutional investors own 86.94% of the company’s stock.

Discover Financial Services Stock Performance

NYSE DFS opened at $189.49 on Wednesday. The stock has a market capitalization of $47.62 billion, a PE ratio of 15.29, a P/E/G ratio of 1.09 and a beta of 1.46. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.10 and a quick ratio of 1.03. The business has a 50 day simple moving average of $177.06 and a two-hundred day simple moving average of $152.94. Discover Financial Services has a 1-year low of $97.69 and a 1-year high of $190.13.

Analysts Set New Price Targets

DFS has been the topic of several recent research reports. Royal Bank of Canada upped their price target on Discover Financial Services from $148.00 to $161.00 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. Wells Fargo & Company upped their price target on Discover Financial Services from $160.00 to $185.00 and gave the stock an “equal weight” rating in a research note on Friday, January 3rd. UBS Group raised Discover Financial Services from a “neutral” rating to a “buy” rating and upped their price target for the stock from $150.00 to $239.00 in a research note on Monday, January 13th. Keefe, Bruyette & Woods upped their price target on Discover Financial Services from $170.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, Truist Financial assumed coverage on Discover Financial Services in a research note on Tuesday, January 7th. They issued a “buy” rating and a $233.00 price target on the stock. Nine 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, the company has a consensus rating of “Moderate Buy” and a consensus target price of $171.71.

About Discover Financial Services

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.