ProShare Advisors LLC Has $10.40 Million Position in Discover Financial Services (NYSE:DFS)

ProShare Advisors LLC raised its stake in Discover Financial Services (NYSE:DFS - Free Report) by 8.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60,037 shares of the financial services provider's stock after acquiring an additional 4,711 shares during the period. ProShare Advisors LLC's holdings in Discover Financial Services were worth $10,400,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of DFS. Norges Bank acquired a new position in shares of Discover Financial Services in the 4th quarter worth approximately $724,720,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Discover Financial Services in the fourth quarter worth $351,766,000. Invesco Ltd. boosted its stake in Discover Financial Services by 38.5% in the fourth quarter. Invesco Ltd. now owns 2,974,471 shares of the financial services provider's stock worth $515,268,000 after purchasing an additional 826,287 shares in the last quarter. Third Point LLC bought a new stake in shares of Discover Financial Services during the fourth quarter worth $110,867,000. Finally, Empyrean Capital Partners LP acquired a new position in shares of Discover Financial Services during the fourth quarter worth approximately $100,993,000. 86.94% of the stock is currently owned by institutional investors.

Discover Financial Services Stock Down 1.4%

Shares of Discover Financial Services stock traded down $2.73 during trading on Wednesday, reaching $197.76. The stock had a trading volume of 31,289,322 shares, compared to its average volume of 1,789,095. 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 capitalization of $49.77 billion, a price-to-earnings ratio of 12.39, a P/E/G ratio of 1.51 and a beta of 1.16. The stock has a fifty day moving average price of $173.80 and a two-hundred day moving average price of $179.13. Discover Financial Services has a 52 week low of $119.95 and a 52 week high of $207.42.

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 for the quarter, beating analysts' consensus estimates 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 firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.25 billion. During the same period last year, the company earned $1.10 earnings per share. Sell-side analysts predict that Discover Financial Services will post 13.88 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on DFS shares. Royal Bank of Canada raised their price target on shares of Discover Financial Services from $193.00 to $210.00 and gave the company a "sector perform" rating in a report on Friday, January 24th. Argus raised Discover Financial Services to a "strong-buy" rating in a research note on Friday, April 25th. Wells Fargo & Company upped their price target on Discover Financial Services from $185.00 to $214.00 and gave the company an "equal weight" rating in a research note on Friday, January 24th. StockNews.com cut Discover Financial Services from a "buy" rating to a "hold" rating in a report on Tuesday, April 15th. Finally, Truist Financial boosted their price objective on Discover Financial Services from $219.00 to $229.00 and gave the stock a "buy" rating in a report on Friday, April 25th. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $191.64.

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.