Quantinno Capital Management LP Increases Stock Holdings in Discover Financial Services (NYSE:DFS)

Quantinno Capital Management LP lifted its holdings in shares of Discover Financial Services (NYSE:DFS - Free Report) by 37.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 37,015 shares of the financial services provider's stock after acquiring an additional 10,039 shares during the quarter. Quantinno Capital Management LP's holdings in Discover Financial Services were worth $6,412,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in Discover Financial Services in the fourth quarter worth about $33,000. Flagship Wealth Advisors LLC bought a new position in shares of Discover Financial Services in the fourth quarter valued at $34,000. Bfsg LLC acquired a new stake in Discover Financial Services during the 4th quarter valued at $35,000. Grove Bank & Trust raised its stake in Discover Financial Services by 78.1% during the 4th quarter. Grove Bank & Trust now owns 203 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 89 shares during the period. Finally, Hantz Financial Services Inc. purchased a new position in shares of Discover Financial Services during the 4th quarter valued at $37,000. 86.94% of the stock is owned by hedge funds and other institutional investors.

Discover Financial Services Price Performance

Shares of NYSE DFS traded down $2.73 during midday trading on Tuesday, hitting $197.76. 31,289,322 shares of the company's stock were exchanged, compared to its average volume of 1,789,095. Discover Financial Services has a 12-month low of $119.95 and a 12-month high of $207.42. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. The company has a market cap of $49.77 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 1.51 and a beta of 1.16. The business's fifty day moving average price is $173.02 and its two-hundred day moving average price is $179.00.

Discover Financial Services (NYSE:DFS - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The financial services provider reported $4.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.33 by $0.92. The firm had revenue of $4.25 billion for 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 period in the previous year, the firm earned $1.10 earnings per share. As a group, research analysts forecast that Discover Financial Services will post 13.88 EPS for the current fiscal year.

Analyst Ratings Changes

DFS has been the subject of a number of research analyst reports. Barclays boosted their target price on shares of Discover Financial Services from $186.00 to $209.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Argus raised shares of Discover Financial Services to a "strong-buy" rating in a research note on Friday, April 25th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $180.00 price objective on shares of Discover Financial Services in a research note on Wednesday, May 7th. TD Securities cut 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 report on Thursday, April 24th. Finally, Wells Fargo & Company increased their price objective on Discover Financial Services from $185.00 to $214.00 and gave the stock an "equal weight" rating in a report on Friday, January 24th. Eight 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 company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.