Integral Investment Advisors Inc. Has $512,000 Stake in Discover Financial Services (NYSE:DFS)

Integral Investment Advisors Inc. raised its holdings in shares of Discover Financial Services (NYSE:DFS) by 9.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,558 shares of the financial services provider’s stock after acquiring an additional 409 shares during the quarter. Integral Investment Advisors Inc.’s holdings in Discover Financial Services were worth $512,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DFS. Flputnam Investment Management Co. increased its position in shares of Discover Financial Services by 7.9% during the 3rd quarter. Flputnam Investment Management Co. now owns 2,646 shares of the financial services provider’s stock worth $229,000 after purchasing an additional 193 shares during the last quarter. DAVENPORT & Co LLC lifted its position in shares of Discover Financial Services by 335.4% in the fourth quarter. DAVENPORT & Co LLC now owns 63,796 shares of the financial services provider’s stock valued at $7,171,000 after buying an additional 49,145 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Discover Financial Services by 1.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 916,367 shares of the financial services provider’s stock valued at $103,000,000 after acquiring an additional 16,532 shares during the period. Vest Financial LLC lifted its holdings in Discover Financial Services by 18.8% during the 4th quarter. Vest Financial LLC now owns 121,753 shares of the financial services provider’s stock valued at $13,685,000 after purchasing an additional 19,283 shares during the last quarter. Finally, Raymond James & Associates boosted its position in Discover Financial Services by 27.1% during the fourth quarter. Raymond James & Associates now owns 339,717 shares of the financial services provider’s stock worth $38,184,000 after purchasing an additional 72,452 shares during the period. 86.94% of the stock is currently owned by institutional investors and hedge funds.

Discover Financial Services Price Performance

Shares of DFS traded up $4.31 during midday trading on Thursday, hitting $124.20. The company’s stock had a trading volume of 1,800,058 shares, compared to its average volume of 2,251,964. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.49. Discover Financial Services has a one year low of $79.04 and a one year high of $131.65. The stock has a market capitalization of $31.12 billion, a price-to-earnings ratio of 11.07, a price-to-earnings-growth ratio of 0.85 and a beta of 1.45. The company’s fifty day simple moving average is $121.38 and its two-hundred day simple moving average is $105.53.

Discover Financial Services (NYSE:DFS) last released its earnings results on Wednesday, April 17th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.98 by ($1.88). The business had revenue of $4.21 billion during the quarter, compared to the consensus estimate of $4.07 billion. Discover Financial Services had a net margin of 14.30% and a return on equity of 22.24%. During the same quarter in the prior year, the firm earned $3.58 EPS. As a group, equities analysts expect that Discover Financial Services will post 11.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Discover Financial Services news, CFO John Greene sold 35,191 shares of the business’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $106.51, for a total transaction of $3,748,193.41. Following the sale, the chief financial officer now owns 18,592 shares of the company’s stock, valued at $1,980,233.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.69% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on DFS. Royal Bank of Canada restated a “sector perform” rating and set a $140.00 price objective (up from $117.00) on shares of Discover Financial Services in a research report on Wednesday, February 21st. StockNews.com began coverage on Discover Financial Services in a research note on Thursday. They issued a “hold” rating for the company. Piper Sandler increased their price objective on Discover Financial Services from $127.00 to $145.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. BMO Capital Markets reduced their target price on shares of Discover Financial Services from $116.00 to $104.00 and set a “market perform” rating for the company in a research report on Monday, January 22nd. Finally, JPMorgan Chase & Co. raised their price target on shares of Discover Financial Services from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Twelve analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $125.22.

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; private student loans, 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.