14,836 Shares in Discover Financial Services (NYSE:DFS) Bought by Azora Capital LP

Azora Capital LP acquired a new stake in shares of Discover Financial Services (NYSE:DFS - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 14,836 shares of the financial services provider's stock, valued at approximately $2,570,000.

A number of other hedge funds have also recently bought and sold shares of DFS. SBI Securities Co. Ltd. bought a new stake in Discover Financial Services in the 4th quarter worth about $33,000. Flagship Wealth Advisors LLC bought a new position in shares of Discover Financial Services in the fourth quarter valued at approximately $34,000. Grove Bank & Trust increased its position 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 valued at $35,000 after acquiring an additional 89 shares during the last quarter. Bfsg LLC bought a new stake in Discover Financial Services during the fourth quarter worth $35,000. Finally, Hantz Financial Services Inc. purchased a new position in Discover Financial Services in the fourth quarter worth $37,000. 86.94% of the stock is owned by hedge funds and other institutional investors.

Discover Financial Services Stock Up 4.2 %

DFS opened at $190.25 on Friday. The firm has a market capitalization of $47.87 billion, a P/E ratio of 11.92, a price-to-earnings-growth ratio of 1.51 and a beta of 1.20. Discover Financial Services has a one year low of $119.95 and a one year high of $205.76. The company has a fifty day moving average price of $168.82 and a 200-day moving average price of $175.20. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.03.

Discover Financial Services (NYSE:DFS - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The financial services provider reported $4.25 earnings per share for the quarter, topping analysts' consensus estimates of $3.33 by $0.92. The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.25 billion. Discover Financial Services had a return on equity of 26.18% and a net margin of 17.29%. During the same period in the prior year, the company earned $1.10 EPS. Equities research analysts expect that Discover Financial Services will post 13.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DFS has been the subject of several research analyst reports. StockNews.com cut Discover Financial Services from a "buy" rating to a "hold" rating in a research note on Tuesday, April 15th. UBS Group raised shares of Discover Financial Services from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $150.00 to $239.00 in a research report on Monday, January 13th. Wells Fargo & Company increased their target price on shares of Discover Financial Services from $185.00 to $214.00 and gave the company an "equal weight" rating in a research report on Friday, January 24th. Argus raised shares of Discover Financial Services to a "strong-buy" rating in a report on Friday, April 25th. Finally, TD Securities reduced their price objective on Discover Financial Services from $188.00 to $184.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $188.91.

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.

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