Driehaus Capital Management LLC Acquires Shares of 4,954 Discover Financial Services (NYSE:DFS)

Driehaus Capital Management LLC purchased a new position in Discover Financial Services (NYSE:DFS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,954 shares of the financial services provider's stock, valued at approximately $858,000.

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

Analyst Ratings Changes

A number of analysts have issued reports on the company. Jefferies Financial Group reaffirmed a "hold" rating and issued a $180.00 target price on shares of Discover Financial Services in a report on Wednesday, May 7th. Barclays raised their target price on Discover Financial Services from $186.00 to $209.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. TD Securities cut their target price on Discover Financial Services from $188.00 to $184.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Royal Bank of Canada raised their price target on Discover Financial Services from $193.00 to $210.00 and gave the company a "sector perform" rating in a report on Friday, January 24th. Finally, Truist Financial raised their price target on Discover Financial Services from $219.00 to $229.00 and gave the company a "buy" rating in a report on Friday, April 25th. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $191.64.

Discover Financial Services Stock Down 2.2%

Shares of DFS stock traded down $4.40 on Wednesday, hitting $199.67. 2,142,994 shares of the stock were exchanged, compared to its average volume of 1,660,265. 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 firm has a market capitalization of $50.25 billion, a P/E ratio of 12.51, a price-to-earnings-growth ratio of 1.51 and a beta of 1.16. The business has a 50-day moving average of $169.96 and a 200 day moving average of $177.48. Discover Financial Services has a fifty-two week low of $119.95 and a fifty-two week high of $207.42.

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 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 quarter in the prior year, the company posted $1.10 earnings per share. Equities analysts anticipate 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.