Avantax Advisory Services Inc. grew its holdings in Discover Financial Services (NYSE:DFS – Free Report) by 2.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 4,451 shares of the financial services provider’s stock after buying an additional 114 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Discover Financial Services were worth $584,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in DFS. Ballentine Partners LLC boosted its holdings in Discover Financial Services by 3.1% in the first quarter. Ballentine Partners LLC now owns 2,888 shares of the financial services provider’s stock valued at $379,000 after acquiring an additional 86 shares in the last quarter. Team Hewins LLC increased its position in shares of Discover Financial Services by 5.5% during the first quarter. Team Hewins LLC now owns 1,887 shares of the financial services provider’s stock valued at $247,000 after buying an additional 98 shares during the period. Wealthspire Advisors LLC raised its stake in Discover Financial Services by 3.3% in the fourth quarter. Wealthspire Advisors LLC now owns 3,121 shares of the financial services provider’s stock worth $351,000 after buying an additional 99 shares in the last quarter. Eagle Bluffs Wealth Management LLC raised its stake in Discover Financial Services by 0.8% in the first quarter. Eagle Bluffs Wealth Management LLC now owns 14,382 shares of the financial services provider’s stock worth $1,885,000 after buying an additional 108 shares in the last quarter. Finally, Simon Quick Advisors LLC lifted its holdings in Discover Financial Services by 1.7% in the fourth quarter. Simon Quick Advisors LLC now owns 6,397 shares of the financial services provider’s stock worth $719,000 after buying an additional 109 shares during the period. 86.94% of the stock is currently owned by institutional investors.
Discover Financial Services Stock Performance
Shares of DFS opened at $141.77 on Friday. The business has a 50-day simple moving average of $127.40 and a two-hundred day simple moving average of $121.33. The company has a quick ratio of 1.12, a current ratio of 1.07 and a debt-to-equity ratio of 1.50. Discover Financial Services has a 52 week low of $79.04 and a 52 week high of $147.61. The stock has a market cap of $35.55 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 0.85 and a beta of 1.44.
Discover Financial Services (NYSE:DFS – Get Free Report) last released its earnings results on Wednesday, July 17th. The financial services provider reported $6.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.06 by $3.00. Discover Financial Services had a net margin of 12.88% and a return on equity of 20.53%. The company had revenue of $4.54 billion during the…
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