Eldred Rock Partners LLC Acquires 284 Shares of Discover Financial Services (NYSE:DFS)

Eldred Rock Partners LLC lifted its holdings in Discover Financial Services (NYSE:DFS) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 80,328 shares of the financial services provider’s stock after purchasing an additional 284 shares during the period. Discover Financial Services accounts for approximately 4.7% of Eldred Rock Partners LLC’s portfolio, making the stock its 6th biggest holding. Eldred Rock Partners LLC’s holdings in Discover Financial Services were worth $13,889,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in DFS. FMR LLC grew its position in Discover Financial Services by 8.0% in the 3rd 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 during the last quarter. Samlyn Capital LLC increased its stake in Discover Financial Services by 368.0% during the second quarter. Samlyn Capital LLC now owns 646,691 shares of the financial services provider’s stock valued at $84,594,000 after acquiring an additional 508,504 shares during the period. Mizuho Securities USA LLC raised its holdings in Discover Financial Services by 1,272.0% in the 3rd quarter. Mizuho Securities USA LLC now owns 265,155 shares of the financial services provider’s stock valued at $37,199,000 after acquiring an additional 245,829 shares in the last quarter. Point72 Asset Management L.P. lifted its position in shares of Discover Financial Services by 67.1% in 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 acquiring an additional 192,142 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in shares of Discover Financial Services during the 3rd quarter worth approximately $21,169,000. Institutional investors and hedge funds own 86.94% of the company’s stock.

Analyst Ratings Changes

DFS has been the subject of several research reports. Keefe, Bruyette & Woods raised their target price on Discover Financial Services from $170.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Barclays raised shares of Discover Financial Services from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $137.00 to $186.00 in a research note on Monday, January 6th. UBS Group upgraded shares of Discover Financial Services from a “neutral” rating to a “buy” rating and raised their price target for the stock from $150.00 to $239.00 in a research note on Monday, January 13th. Wells Fargo & Company raised 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, Royal Bank of Canada upped their price target on Discover Financial Services from $148.00 to $161.00 and gave the company a “sector perform” rating in a research report on Friday, October 18th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Discover Financial Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $171.71.

Discover Financial Services Stock Performance

Shares of Discover Financial Services stock opened at $187.17 on Monday. The firm has a 50 day simple moving average of $176.94 and a 200 day simple moving average of $152.41. Discover Financial Services has a fifty-two week low of $96.46 and a fifty-two week high of $189.27. 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 firm 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.

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.