Caisse DE Depot ET Placement DU Quebec Has $17.97 Million Stake in Discover Financial Services (NYSE:DFS)

Caisse DE Depot ET Placement DU Quebec raised its stake in Discover Financial Services (NYSE:DFS - Free Report) by 80.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 103,709 shares of the financial services provider's stock after purchasing an additional 46,309 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in Discover Financial Services were worth $17,966,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

DFS has been the topic of a number of 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. JPMorgan Chase & Co. lowered their price target on shares of Discover Financial Services from $169.00 to $129.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Royal Bank of Canada upped their target price on Discover Financial Services from $193.00 to $210.00 and gave the company a "sector perform" rating in a research report on Friday, January 24th. Barclays boosted their price target 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, Truist Financial increased their price objective on Discover Financial Services from $219.00 to $229.00 and gave the stock a "buy" rating in a research report on Friday, April 25th. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Discover Financial Services currently has a consensus rating of "Moderate Buy" and an average price target of $191.64.

Discover Financial Services Price Performance

NYSE:DFS 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. The stock has a 50-day simple moving average of $168.76 and a two-hundred day simple moving average of $175.75. 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 has a 12 month low of $119.95 and a 12 month high of $205.76. The stock has a market capitalization of $47.65 billion, a PE ratio of 11.86, a P/E/G ratio of 1.51 and a beta of 1.16.

Discover Financial Services (NYSE:DFS - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $4.25 EPS for the quarter, topping analysts' consensus estimates of $3.33 by $0.92. The company had revenue of $4.25 billion during the quarter, compared to analysts' expectations 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 quarter in the previous year, the firm earned $1.10 EPS. On average, equities 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.