14B Captial Management LP Has $16.28 Million Stock Position in Discover Financial Services (NYSE:DFS)

14B Captial Management LP decreased its holdings in Discover Financial Services (NYSE:DFS - Free Report) by 41.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,000 shares of the financial services provider's stock after selling 67,000 shares during the period. Discover Financial Services accounts for about 7.1% of 14B Captial Management LP's holdings, making the stock its 6th biggest position. 14B Captial Management LP's holdings in Discover Financial Services were worth $16,284,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of DFS. Raymond James Financial Inc. purchased a new stake in shares of Discover Financial Services in the fourth quarter worth about $38,489,000. Brookstone Capital Management bought a new stake in Discover Financial Services during the 4th quarter worth approximately $282,000. Meyer Handelman Co. purchased a new stake in Discover Financial Services in the 4th quarter worth approximately $239,000. Mechanics Bank Trust Department bought a new position in Discover Financial Services in the 4th quarter valued at $234,000. Finally, JBGlobal.com LLC purchased a new position in shares of Discover Financial Services during the 4th quarter valued at $346,000. Institutional investors own 86.94% of the company's stock.

Discover Financial Services Trading Up 4.2 %

NYSE DFS traded up $7.70 during trading on Friday, hitting $190.25. 1,867,818 shares of the company's stock traded hands, compared to its average volume of 1,623,953. The firm has a market cap of $47.87 billion, a P/E ratio of 11.92, a PEG ratio of 1.51 and a beta of 1.20. The stock has a fifty day moving average of $168.82 and a two-hundred day moving average of $175.37. 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.

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 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $4.25 billion. During the same period last year, the company earned $1.10 EPS. As a group, sell-side analysts expect that Discover Financial Services will post 13.88 EPS for the current year.

Analyst Upgrades and Downgrades

DFS has been the topic of a number of recent analyst reports. Royal Bank of Canada increased their price objective on Discover Financial Services from $193.00 to $210.00 and gave the stock a "sector perform" rating in a research report on Friday, January 24th. JPMorgan Chase & Co. lowered their price target on Discover Financial Services from $169.00 to $129.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Barclays boosted their price objective on Discover Financial Services from $186.00 to $209.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. TD Securities lowered their target price on shares of Discover Financial Services from $188.00 to $184.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Finally, Truist Financial lifted their target price on shares of Discover Financial Services from $219.00 to $229.00 and gave the company a "buy" rating in a research report on Friday, April 25th. Seven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $188.91.

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.