Caxton Associates LP Invests $37.98 Million in Discover Financial Services (NYSE:DFS)

Caxton Associates LP bought a new position in shares of Discover Financial Services (NYSE:DFS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 219,236 shares of the financial services provider's stock, valued at approximately $37,978,000. Discover Financial Services accounts for approximately 1.2% of Caxton Associates LP's portfolio, making the stock its 16th biggest holding. Caxton Associates LP owned approximately 0.09% of Discover Financial Services at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in Discover Financial Services in the fourth quarter valued at about $724,720,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Discover Financial Services in the 4th quarter worth approximately $351,766,000. Invesco Ltd. grew its position in shares of Discover Financial Services by 38.5% in the 4th quarter. Invesco Ltd. now owns 2,974,471 shares of the financial services provider's stock worth $515,268,000 after buying an additional 826,287 shares during the last quarter. Third Point LLC bought a new position in shares of Discover Financial Services during the 4th quarter worth approximately $110,867,000. Finally, Pentwater Capital Management LP acquired a new stake in Discover Financial Services in the fourth quarter valued at approximately $92,678,000. Institutional investors own 86.94% of the company's stock.

Discover Financial Services Price Performance

Shares of NYSE DFS traded up $1.23 during trading on Wednesday, hitting $189.35. The company had a trading volume of 2,832,032 shares, compared to its average volume of 1,633,049. Discover Financial Services has a fifty-two week low of $119.95 and a fifty-two week high of $205.76. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The stock has a fifty day simple moving average of $168.63 and a two-hundred day simple moving average of $175.84. The firm has a market capitalization of $47.65 billion, a price-to-earnings 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 posted its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $4.25 EPS for the quarter, topping the consensus estimate of $3.33 by $0.92. The company had revenue of $4.25 billion during 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 previous year, the business earned $1.10 EPS. On average, research analysts expect that Discover Financial Services will post 13.88 earnings per share for the current year.

Wall Street Analyst Weigh In

DFS has been the subject of several recent analyst reports. JPMorgan Chase & Co. lowered their price target on Discover Financial Services from $169.00 to $129.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Wells Fargo & Company boosted their target price on shares of Discover Financial Services from $185.00 to $214.00 and gave the stock an "equal weight" rating in a research report on Friday, January 24th. StockNews.com downgraded shares of Discover Financial Services from a "buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Argus raised Discover Financial Services to a "strong-buy" rating in a research report on Friday, April 25th. Finally, Jefferies Financial Group restated a "hold" rating and set a $180.00 price objective on shares of Discover Financial Services in a research note on Wednesday. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $191.64.

Discover Financial Services Company 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.