Aequim Alternative Investments LP Has $10.82 Million Holdings in Discover Financial Services (NYSE:DFS)

Aequim Alternative Investments LP grew its position in Discover Financial Services (NYSE:DFS - Free Report) by 69.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,478 shares of the financial services provider's stock after acquiring an additional 25,597 shares during the quarter. Aequim Alternative Investments LP's holdings in Discover Financial Services were worth $10,823,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new position in Discover Financial Services during the 4th quarter worth approximately $33,000. Flagship Wealth Advisors LLC bought a new stake in shares of Discover Financial Services during the 4th quarter worth $34,000. Grove Bank & Trust increased its holdings in Discover Financial Services by 78.1% in the 4th quarter. Grove Bank & Trust now owns 203 shares of the financial services provider's stock worth $35,000 after purchasing an additional 89 shares in the last quarter. Bfsg LLC bought a new stake in shares of Discover Financial Services in the 4th quarter valued at about $35,000. Finally, Hantz Financial Services Inc. acquired a new position in Discover Financial Services in the fourth quarter valued at $37,000. 86.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on DFS. TD Securities dropped their target price on Discover Financial Services from $188.00 to $184.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Wells Fargo & Company raised their price target on Discover Financial Services from $185.00 to $214.00 and gave the company an "equal weight" rating in a report on Friday, January 24th. Truist Financial upped their price objective on shares of Discover Financial Services from $219.00 to $229.00 and gave the company a "buy" rating in a research note on Friday, April 25th. Barclays boosted their target price on Discover Financial Services from $186.00 to $209.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Finally, Jefferies Financial Group reissued a "hold" rating and issued a $180.00 price target on shares of Discover Financial Services in a research report on Wednesday. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Discover Financial Services presently has a consensus rating of "Moderate Buy" and a consensus price target of $191.64.

Discover Financial Services Price Performance

Shares of DFS stock traded up $1.23 during mid-day trading on Wednesday, reaching $189.35. The stock had a trading volume of 2,824,031 shares, compared to its average volume of 1,629,402. Discover Financial Services has a 12-month low of $119.95 and a 12-month high of $205.76. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. The business has a 50-day simple moving average of $168.76 and a 200 day simple moving average of $175.75. The company has a market cap of $47.65 billion, a P/E ratio of 11.86, a price-to-earnings-growth ratio of 1.51 and a beta of 1.16.

Discover Financial Services (NYSE:DFS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $4.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.33 by $0.92. Discover Financial Services had a net margin of 17.29% and a return on equity of 26.18%. The company had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.25 billion. During the same quarter last year, the company earned $1.10 earnings per share. On average, sell-side analysts anticipate that Discover Financial Services will post 13.88 earnings per share for the current year.

About Discover Financial Services

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.