Wellington Wealth Strategies LLC. Makes New $266,000 Investment in Discover Financial Services (NYSE:DFS)

Wellington Wealth Strategies LLC. bought a new stake in shares of Discover Financial Services (NYSE:DFS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,397 shares of the financial services provider's stock, valued at approximately $266,000.

A number of other hedge funds have also recently modified their holdings of the business. SBI Securities Co. Ltd. purchased a new stake in shares of Discover Financial Services during the fourth quarter valued at $33,000. Flagship Wealth Advisors LLC purchased a new position in Discover Financial Services during the 4th quarter worth $34,000. Bfsg LLC purchased a new stake in shares of Discover Financial Services in the 4th quarter worth $35,000. Grove Bank & Trust grew its position in shares of Discover Financial Services by 78.1% during the 4th quarter. Grove Bank & Trust now owns 203 shares of the financial services provider's stock worth $35,000 after buying an additional 89 shares in the last quarter. Finally, Hantz Financial Services Inc. purchased a new position in shares of Discover Financial Services during the fourth quarter valued at $37,000. Institutional investors own 86.94% of the company's stock.

Discover Financial Services Trading Down 1.4%

Discover Financial Services stock opened at $197.76 on Tuesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.09. The stock has a market cap of $49.77 billion, a PE ratio of 12.39, a price-to-earnings-growth ratio of 1.51 and a beta of 1.16. The stock has a 50-day moving average of $173.02 and a two-hundred day moving average of $179.00. Discover Financial Services has a one year low of $119.95 and a one year high of $207.42.

Discover Financial Services (NYSE:DFS - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.25 billion. Discover Financial Services had a net margin of 17.29% and a return on equity of 26.18%. During the same period in the previous year, the company earned $1.10 earnings per share. On average, research analysts anticipate that Discover Financial Services will post 13.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on DFS shares. Royal Bank of Canada increased their target price on shares of Discover Financial Services from $193.00 to $210.00 and gave the stock a "sector perform" rating in a report on Friday, January 24th. JPMorgan Chase & Co. reduced their price objective on shares of Discover Financial Services from $169.00 to $129.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Argus upgraded Discover Financial Services to a "strong-buy" rating in a report on Friday, April 25th. TD Securities cut their price target on 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, StockNews.com lowered Discover Financial Services from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently 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.

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