UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 235,465 Shares of Discover Financial Services (NYSE:DFS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Discover Financial Services (NYSE:DFS - Free Report) by 12.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,070,170 shares of the financial services provider's stock after purchasing an additional 235,465 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.82% of Discover Financial Services worth $358,616,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in DFS. SBI Securities Co. Ltd. bought a new position in Discover Financial Services in the fourth quarter worth $33,000. Flagship Wealth Advisors LLC purchased a new stake in shares of Discover Financial Services in the 4th quarter worth about $34,000. Bfsg LLC purchased a new stake in shares of Discover Financial Services in the 4th quarter worth about $35,000. Hantz Financial Services Inc. bought a new position in shares of Discover Financial Services in the 4th quarter worth about $37,000. Finally, Itau Unibanco Holding S.A. lifted its position in Discover Financial Services by 352.8% during the 4th quarter. Itau Unibanco Holding S.A. now owns 240 shares of the financial services provider's stock valued at $42,000 after acquiring an additional 187 shares during the period. 86.94% of the stock is currently owned by institutional investors.

Discover Financial Services Stock Down 1.4%

DFS traded down $2.73 during trading on Tuesday, hitting $197.76. 31,289,322 shares of the company's stock traded hands, compared to its average volume of 1,797,705. The stock has a market capitalization 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 company's 50 day simple moving average is $176.85 and its two-hundred day simple moving average is $180.09. 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.

Discover Financial Services (NYSE:DFS - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $4.25 EPS for the quarter, beating 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 company had revenue of $4.25 billion for the quarter, compared to analysts' expectations of $4.25 billion. During the same period last year, the firm posted $1.10 earnings per share. Analysts predict that Discover Financial Services will post 13.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. cut their price objective on shares of Discover Financial Services from $169.00 to $129.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Argus raised Discover Financial Services to a "strong-buy" rating in a research report on Friday, April 25th. Wall Street Zen lowered Discover Financial Services from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Truist Financial lifted their price objective on Discover Financial Services from $219.00 to $229.00 and gave the company a "buy" rating in a research note on Friday, April 25th. Finally, Jefferies Financial Group reissued a "hold" rating and issued a $180.00 target price on shares of Discover Financial Services in a research note on Wednesday, May 7th. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Discover Financial Services has an average rating of "Moderate Buy" and an average target price of $191.64.

Discover Financial Services 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.