OMERS ADMINISTRATION Corp Has $1.81 Million Position in Discover Financial Services (NYSE:DFS)

OMERS ADMINISTRATION Corp grew its holdings in Discover Financial Services (NYSE:DFS - Free Report) by 19.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,440 shares of the financial services provider's stock after purchasing an additional 1,732 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Discover Financial Services were worth $1,809,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in DFS. Hemington Wealth Management increased its stake in shares of Discover Financial Services by 11.0% in the 4th quarter. Hemington Wealth Management now owns 503 shares of the financial services provider's stock valued at $87,000 after buying an additional 50 shares during the period. Rehmann Capital Advisory Group boosted its holdings in Discover Financial Services by 1.0% during the fourth quarter. Rehmann Capital Advisory Group now owns 5,152 shares of the financial services provider's stock worth $892,000 after buying an additional 51 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Discover Financial Services by 0.6% in the 4th quarter. UMB Bank n.a. now owns 9,248 shares of the financial services provider's stock valued at $1,602,000 after acquiring an additional 56 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in Discover Financial Services by 0.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 6,158 shares of the financial services provider's stock valued at $1,067,000 after purchasing an additional 57 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its stake in Discover Financial Services by 4.2% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,411 shares of the financial services provider's stock worth $244,000 after buying an additional 57 shares during the period. Institutional investors own 86.94% of the company's stock.

Discover Financial Services Price Performance

Shares of Discover Financial Services stock traded down $2.73 during trading on Wednesday, reaching $197.76. 31,289,322 shares of the company's stock were exchanged, compared to its average volume of 1,789,095. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.09. Discover Financial Services has a 1-year low of $119.95 and a 1-year high of $207.42. The company has a market cap of $49.77 billion, a P/E ratio of 12.39, a PEG ratio of 1.51 and a beta of 1.16. The firm's 50-day moving average price is $173.80 and its 200 day moving average price is $179.13.

Discover Financial Services (NYSE:DFS - Get Free Report) last announced 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. The company had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.25 billion. Discover Financial Services had a net margin of 17.29% and a return on equity of 26.18%. During the same period in the prior year, the business earned $1.10 earnings per share. As a group, research analysts anticipate that Discover Financial Services will post 13.88 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on DFS. JPMorgan Chase & Co. decreased their price objective on Discover Financial Services from $169.00 to $129.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Jefferies Financial Group reiterated a "hold" rating and issued a $180.00 price target on shares of Discover Financial Services in a report on Wednesday, May 7th. StockNews.com lowered shares of Discover Financial Services from a "buy" rating to a "hold" rating in a report on Tuesday, April 15th. Argus raised shares of Discover Financial Services to a "strong-buy" rating in a research report on Friday, April 25th. Finally, Royal Bank of Canada increased their target price on Discover Financial Services from $193.00 to $210.00 and gave the stock a "sector perform" rating in a report on Friday, January 24th. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company 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.