Czech National Bank Has $9.43 Million Stock Position in Discover Financial Services (NYSE:DFS)

Czech National Bank lifted its holdings in shares of Discover Financial Services (NYSE:DFS) by 6.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,438 shares of the financial services provider’s stock after acquiring an additional 3,292 shares during the period. Czech National Bank’s holdings in Discover Financial Services were worth $9,430,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. State Street Corp grew its stake in shares of Discover Financial Services by 0.8% in the 3rd quarter. State Street Corp now owns 10,498,044 shares of the financial services provider’s stock worth $1,472,771,000 after acquiring an additional 80,601 shares in the last quarter. FMR LLC boosted its holdings in Discover Financial Services by 8.0% during 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Discover Financial Services by 0.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,834,705 shares of the financial services provider’s stock worth $257,391,000 after purchasing an additional 12,255 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Discover Financial Services by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,728,276 shares of the financial services provider’s stock worth $242,460,000 after purchasing an additional 7,751 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in Discover Financial Services by 6.7% in the 2nd quarter. Hsbc Holdings PLC now owns 1,181,333 shares of the financial services provider’s stock valued at $154,064,000 after buying an additional 73,902 shares during the last quarter. Institutional investors and hedge funds own 86.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on DFS shares. StockNews.com downgraded Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. Truist Financial initiated 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 raised their target price on Discover Financial Services from $160.00 to $185.00 and gave the company an “equal weight” rating in a research report on Friday, January 3rd. Barclays raised shares of Discover Financial Services from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $137.00 to $186.00 in a report on Monday, January 6th. Finally, Evercore ISI raised their price objective on shares of Discover Financial Services from $156.00 to $163.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $164.75.

Discover Financial Services Price Performance

Discover Financial Services stock opened at $181.10 on Wednesday. The firm has a market capitalization of $45.51 billion, a P/E ratio of 14.62, a PEG ratio of 1.12 and a beta of 1.46. Discover Financial Services has a one year low of $96.46 and a one year high of $188.26. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.08 and a quick ratio of 1.04. The business has a fifty day moving average price of $176.40 and a 200-day moving average price of $151.42.

Discover Financial Services (NYSE:DFS) last issued its earnings results on Wednesday, October 16th. The financial services provider reported $3.69 EPS for the quarter, topping the consensus estimate of $3.28 by $0.41. Discover Financial Services had a return on equity of 21.38% and a net margin of 13.78%. The business had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter last year, the company earned $2.59 EPS. As a group, equities research analysts forecast that Discover Financial Services will post 13.43 EPS for the current year.

Discover Financial Services Company 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.