Tudor Investment Corp ET AL Increases Stake in Discover Financial Services (NYSE:DFS)

Tudor Investment Corp ET AL grew its holdings in shares of Discover Financial Services (NYSE:DFS - Free Report) by 185.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,676 shares of the financial services provider's stock after acquiring an additional 28,356 shares during the period. Tudor Investment Corp ET AL's holdings in Discover Financial Services were worth $7,566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hemington Wealth Management boosted its position in shares of Discover Financial Services by 11.0% in the fourth quarter. Hemington Wealth Management now owns 503 shares of the financial services provider's stock worth $87,000 after purchasing an additional 50 shares during the period. UMB Bank n.a. boosted its holdings in 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 worth $1,602,000 after buying an additional 56 shares during the period. Stratos Wealth Partners LTD. boosted its holdings in Discover Financial Services by 0.9% in the 4th quarter. Stratos Wealth Partners LTD. now owns 6,158 shares of the financial services provider's stock worth $1,067,000 after buying an additional 57 shares during the period. Brown Brothers Harriman & Co. increased its stake in Discover Financial Services by 4.2% in 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 in the last quarter. Finally, MGO One Seven LLC raised its holdings in Discover Financial Services by 3.2% during the fourth quarter. MGO One Seven LLC now owns 1,821 shares of the financial services provider's stock valued at $315,000 after acquiring an additional 57 shares during the period. 86.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DFS. TD Securities decreased their target price on 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. Wells Fargo & Company lifted their price objective on shares of Discover Financial Services from $185.00 to $214.00 and gave the company an "equal weight" rating in a research report on Friday, January 24th. StockNews.com lowered shares of Discover Financial Services from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Royal Bank of Canada raised their target price on shares of Discover Financial Services from $193.00 to $210.00 and gave the company a "sector perform" rating in a research note on Friday, January 24th. Finally, Barclays boosted their price target on shares of Discover Financial Services from $186.00 to $209.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $188.91.

Discover Financial Services Trading Up 4.2 %

DFS traded up $7.70 on Friday, hitting $190.25. The company had a trading volume of 1,867,818 shares, compared to its average volume of 1,620,701. The business's fifty day simple moving average is $168.82 and its 200 day simple moving average is $175.01. 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 12-month low of $119.95 and a 12-month high of $205.76. The company has a market cap of $47.87 billion, a PE ratio of 11.92, a PEG ratio of 1.51 and a beta of 1.20.

Discover Financial Services (NYSE:DFS - Get Free Report) last released its 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 net margin of 17.29% and a return on equity of 26.18%. The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.25 billion. During the same quarter last year, the business earned $1.10 EPS. Equities research analysts expect that Discover Financial Services will post 13.88 EPS 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.