UMB Bank n.a. Buys 56 Shares of Discover Financial Services (NYSE:DFS)

UMB Bank n.a. raised its stake in Discover Financial Services (NYSE:DFS) by 0.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 9,248 shares of the financial services provider’s stock after acquiring an additional 56 shares during the period. UMB Bank n.a.’s holdings in Discover Financial Services were worth $1,602,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in DFS. DiNuzzo Private Wealth Inc. boosted its position in Discover Financial Services by 506.5% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider’s stock valued at $26,000 after buying an additional 157 shares during the period. Grove Bank & Trust boosted 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 worth $35,000 after purchasing an additional 89 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Discover Financial Services in the third quarter worth about $30,000. Decker Retirement Planning Inc. purchased a new position in Discover Financial Services during the 4th quarter valued at about $47,000. Finally, Pinnacle Bancorp Inc. raised its position in Discover Financial Services by 37.1% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 292 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 86.94% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Truist Financial began 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. Royal Bank of Canada boosted their price objective on shares of 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. JPMorgan Chase & Co. dropped their target price on shares of Discover Financial Services from $150.00 to $146.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. StockNews.com upgraded shares of Discover Financial Services from a “hold” rating to a “buy” rating in a research report on Thursday, January 16th. Finally, Wells Fargo & Company raised their price objective on shares of Discover Financial Services from $160.00 to $185.00 and gave the stock an “equal weight” rating in a report on Friday, January 3rd. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $171.71.

Discover Financial Services Stock Up 1.2 %

NYSE:DFS opened at $187.17 on Tuesday. 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 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. Discover Financial Services has a fifty-two week low of $96.46 and a fifty-two week high of $189.27. The firm has a 50-day simple moving average of $176.94 and a two-hundred day simple moving average of $152.55.

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.