Tidal Investments LLC Acquires 1,740 Shares of Discover Financial Services (NYSE:DFS)

Tidal Investments LLC raised its position in shares of Discover Financial Services (NYSE:DFS - Free Report) by 12.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,155 shares of the financial services provider's stock after acquiring an additional 1,740 shares during the quarter. Tidal Investments LLC's holdings in Discover Financial Services were worth $2,799,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in Discover Financial Services during the 4th quarter valued at approximately $33,000. Flagship Wealth Advisors LLC purchased a new position in shares of Discover Financial Services during the fourth quarter valued at approximately $34,000. Bfsg LLC purchased a new position in shares of Discover Financial Services during the fourth quarter valued at approximately $35,000. Hantz Financial Services Inc. purchased a new position in shares of Discover Financial Services during the fourth quarter valued at approximately $37,000. Finally, Itau Unibanco Holding S.A. lifted its holdings in shares of Discover Financial Services by 352.8% during the fourth quarter. Itau Unibanco Holding S.A. now owns 240 shares of the financial services provider's stock valued at $42,000 after purchasing an additional 187 shares during the last quarter. 86.94% of the stock is owned by institutional investors.

Discover Financial Services Stock Performance

NYSE:DFS traded down $2.73 during trading hours on Tuesday, reaching $197.76. The company had a trading volume of 31,289,322 shares, compared to its average volume of 1,797,705. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. Discover Financial Services has a 52 week low of $119.95 and a 52 week high of $207.42. The firm 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 firm's 50 day moving average price is $176.85 and its 200-day moving average price is $180.09.

Discover Financial Services (NYSE:DFS - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The financial services provider reported $4.25 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.25 billion. During the same quarter in the previous year, the firm posted $1.10 EPS. On average, analysts forecast that Discover Financial Services will post 13.88 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of Discover Financial Services from $169.00 to $129.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Argus upgraded shares of Discover Financial Services to a "strong-buy" rating in a report on Friday, April 25th. Jefferies Financial Group restated a "hold" rating and issued a $180.00 price objective on shares of Discover Financial Services in a report on Wednesday, May 7th. TD Securities decreased their price objective on shares of Discover Financial Services from $188.00 to $184.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, Wall Street Zen lowered shares of Discover Financial Services from a "buy" rating to a "hold" rating in a report on Tuesday, April 15th. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company 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.