Discover Financial Services (NYSE:DFS) is Laurion Capital Management LP's 4th Largest Position

Laurion Capital Management LP reduced its stake in Discover Financial Services (NYSE:DFS - Free Report) by 14.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 961,697 shares of the financial services provider's stock after selling 160,000 shares during the period. Discover Financial Services makes up 3.0% of Laurion Capital Management LP's portfolio, making the stock its 4th biggest position. Laurion Capital Management LP owned approximately 0.38% of Discover Financial Services worth $166,595,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Investor s Fiduciary Advisor Network LLC purchased a new position in shares of Discover Financial Services during the 4th quarter valued at $218,000. Hudson Bay Capital Management LP increased its stake in Discover Financial Services by 14.5% during the fourth quarter. Hudson Bay Capital Management LP now owns 306,398 shares of the financial services provider's stock worth $53,077,000 after acquiring an additional 38,806 shares during the last quarter. Global Assets Advisory LLC purchased a new stake in Discover Financial Services during the 4th quarter valued at $223,000. Gotham Asset Management LLC raised its position in Discover Financial Services by 10.2% in the 4th quarter. Gotham Asset Management LLC now owns 5,361 shares of the financial services provider's stock worth $929,000 after purchasing an additional 497 shares during the period. Finally, Governors Lane LP grew its position in Discover Financial Services by 1.3% in the 4th quarter. Governors Lane LP now owns 262,082 shares of the financial services provider's stock valued at $45,400,000 after acquiring an additional 3,300 shares during the last quarter. 86.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DFS has been the topic of several recent research reports. Argus raised Discover Financial Services to a "strong-buy" rating in a research report on Friday, April 25th. Barclays boosted their target price on shares of Discover Financial Services from $186.00 to $209.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. JPMorgan Chase & Co. dropped their target price on shares of Discover Financial Services from $169.00 to $129.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Royal Bank of Canada increased their price objective 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. Finally, TD Securities reduced their price target on shares of Discover Financial Services from $188.00 to $184.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. 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 company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $191.64.

Discover Financial Services Stock Performance

NYSE DFS traded up $0.07 during trading on Thursday, reaching $200.18. The company's stock had a trading volume of 2,561,744 shares, compared to its average volume of 1,663,860. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.09. Discover Financial Services has a twelve month low of $119.95 and a twelve month high of $207.42. The business's fifty day moving average price is $170.61 and its 200-day moving average price is $177.63. The firm has a market cap of $50.38 billion, a price-to-earnings ratio of 12.54, a P/E/G ratio of 1.51 and a beta of 1.16.

Discover Financial Services (NYSE:DFS - Get Free Report) last released its earnings results on Wednesday, April 23rd. The financial services provider reported $4.25 EPS 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 company had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.25 billion. During the same quarter last year, the company earned $1.10 earnings per share. As a group, analysts anticipate that Discover Financial Services will post 13.88 EPS for the current fiscal year.

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.