Astoria Portfolio Advisors LLC. Buys 157 Shares of Discover Financial Services (NYSE:DFS)

Astoria Portfolio Advisors LLC. lifted its position in Discover Financial Services (NYSE:DFS) by 5.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,197 shares of the financial services provider’s stock after purchasing an additional 157 shares during the quarter. Astoria Portfolio Advisors LLC.’s holdings in Discover Financial Services were worth $578,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. FMR LLC boosted its stake in Discover Financial Services by 8.0% in the third quarter. FMR LLC now owns 7,493,862 shares of the financial services provider’s stock worth $1,051,314,000 after purchasing an additional 558,227 shares in the last quarter. Samlyn Capital LLC raised its holdings in shares of Discover Financial Services by 368.0% in the second quarter. Samlyn Capital LLC now owns 646,691 shares of the financial services provider’s stock valued at $84,594,000 after buying an additional 508,504 shares during the last quarter. Mizuho Securities USA LLC raised its holdings in shares of Discover Financial Services by 1,272.0% in the third quarter. Mizuho Securities USA LLC now owns 265,155 shares of the financial services provider’s stock valued at $37,199,000 after buying an additional 245,829 shares during the last quarter. Point72 Asset Management L.P. lifted its position in Discover Financial Services by 67.1% during the 2nd quarter. Point72 Asset Management L.P. now owns 478,599 shares of the financial services provider’s stock worth $62,606,000 after buying an additional 192,142 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in Discover Financial Services during the 3rd quarter worth about $21,169,000. Institutional investors and hedge funds own 86.94% of the company’s stock.

Discover Financial Services Stock Up 1.2 %

Shares of NYSE DFS opened at $187.17 on Friday. Discover Financial Services has a 52-week low of $96.46 and a 52-week high of $189.27. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.10. The stock has a market cap of $47.04 billion, a P/E ratio of 15.11, a P/E/G ratio of 0.99 and a beta of 1.46. The firm has a 50 day moving average price of $176.94 and a 200 day moving average price of $152.28.

Discover Financial Services (NYSE:DFS) last announced its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.28 by $0.41. The company had revenue of $5.91 billion during the quarter, compared to analyst estimates of $4.36 billion. Discover Financial Services had a net margin of 13.78% and a return on equity of 22.08%. During the same quarter in the previous year, the business earned $2.59 EPS. Analysts expect that Discover Financial Services will post 14.17 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Evercore ISI upped their target price on shares of Discover Financial Services from $156.00 to $163.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Royal Bank of Canada upped their price objective on Discover Financial Services from $148.00 to $161.00 and gave the stock a “sector perform” rating in a report on Friday, October 18th. Truist Financial started coverage on Discover Financial Services in a research report on Tuesday, January 7th. They issued a “buy” rating and a $233.00 price objective on the stock. Wells Fargo & Company boosted their target price on Discover Financial Services from $160.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods raised their price target on Discover Financial Services from $170.00 to $232.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $164.75.

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.