Anson Funds Management LP Makes New Investment in Discover Financial Services (NYSE:DFS)

Anson Funds Management LP acquired a new position in shares of Discover Financial Services (NYSE:DFS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 25,324 shares of the financial services provider's stock, valued at approximately $4,387,000. Discover Financial Services makes up about 0.4% of Anson Funds Management LP's investment portfolio, making the stock its 27th biggest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of Discover Financial Services during the 4th quarter valued at $38,489,000. Brookstone Capital Management purchased a new stake in Discover Financial Services during the fourth quarter valued at about $282,000. Meyer Handelman Co. bought a new stake in Discover Financial Services during the fourth quarter worth about $239,000. Mechanics Bank Trust Department bought a new stake in Discover Financial Services during the fourth quarter worth about $234,000. Finally, JBGlobal.com LLC purchased a new position in shares of Discover Financial Services in the 4th quarter worth about $346,000. 86.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. UBS Group raised Discover Financial Services from a "neutral" rating to a "buy" rating and upped their target price for the stock from $150.00 to $239.00 in a research note on Monday, January 13th. Truist Financial increased their target price on shares of Discover Financial Services from $219.00 to $229.00 and gave the company a "buy" rating in a report on Friday, April 25th. TD Securities lowered their price target on shares of Discover Financial Services from $188.00 to $184.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Argus raised Discover Financial Services to a "strong-buy" rating in a research note on Friday, April 25th. Finally, StockNews.com lowered Discover Financial Services from a "buy" rating to a "hold" rating in a research note on Tuesday, April 15th. 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 stock. According to data from MarketBeat, Discover Financial Services has an average rating of "Moderate Buy" and a consensus target price of $188.91.

Discover Financial Services Trading Down 1.1 %

Shares of NYSE:DFS traded down $2.04 on Tuesday, hitting $188.20. The company had a trading volume of 1,248,290 shares, compared to its average volume of 1,624,607. The firm's 50-day simple moving average is $168.82 and its two-hundred day simple moving average is $175.66. The firm has a market capitalization of $47.36 billion, a price-to-earnings ratio of 11.79, a P/E/G ratio of 1.51 and a beta of 1.16. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. Discover Financial Services has a 1 year low of $119.95 and a 1 year high of $205.76.

Discover Financial Services (NYSE:DFS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $4.25 earnings per share for the quarter, beating the consensus estimate of $3.33 by $0.92. Discover Financial Services had a return on equity of 26.18% and a net margin of 17.29%. The business had revenue of $4.25 billion for the quarter, compared to analysts' expectations of $4.25 billion. During the same period in the previous year, the firm posted $1.10 EPS. Equities analysts anticipate that Discover Financial Services will post 13.88 earnings per share for the current fiscal year.

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.