Discover Financial Services (NYSE:DFS) Shares Bought by LMR Partners LLP

LMR Partners LLP boosted its stake in shares of Discover Financial Services (NYSE:DFS - Free Report) by 67.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 93,811 shares of the financial services provider's stock after purchasing an additional 37,944 shares during the period. LMR Partners LLP's holdings in Discover Financial Services were worth $16,251,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hemington Wealth Management lifted its stake in Discover Financial Services by 11.0% in the 4th quarter. Hemington Wealth Management now owns 503 shares of the financial services provider's stock valued at $87,000 after buying an additional 50 shares in the last quarter. Rehmann Capital Advisory Group lifted its stake in Discover Financial Services by 1.0% in the 4th quarter. Rehmann Capital Advisory Group now owns 5,152 shares of the financial services provider's stock valued at $892,000 after buying an additional 51 shares in the last quarter. UMB Bank n.a. lifted its stake in Discover Financial Services by 0.6% in the 4th quarter. UMB Bank n.a. now owns 9,248 shares of the financial services provider's stock valued at $1,602,000 after buying an additional 56 shares in the last quarter. Stratos Wealth Partners LTD. lifted its stake in Discover Financial Services by 0.9% in the 4th quarter. Stratos Wealth Partners LTD. now owns 6,158 shares of the financial services provider's stock valued at $1,067,000 after buying an additional 57 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its holdings in shares of Discover Financial Services by 4.2% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,411 shares of the financial services provider's stock worth $244,000 after purchasing an additional 57 shares during the last quarter. 86.94% of the stock is owned by institutional investors and hedge funds.

Discover Financial Services Stock Up 0.3%

Shares of NYSE:DFS traded up $0.62 during trading on Friday, hitting $201.10. The company's stock had a trading volume of 31,289,322 shares, compared to its average volume of 1,781,912. The business has a 50 day moving average price of $172.34 and a two-hundred day moving average price of $178.30. The company has a market capitalization of $50.61 billion, a PE ratio of 12.60, a P/E/G ratio of 1.51 and a beta of 1.16. 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 fifty-two week low of $119.95 and a fifty-two week high of $207.42.

Discover Financial Services (NYSE:DFS - Get Free Report) last issued 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 firm 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 earnings per share. As a group, research analysts expect that Discover Financial Services will post 13.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DFS. StockNews.com cut Discover Financial Services from a "buy" rating to a "hold" rating in a report on Tuesday, April 15th. Argus raised shares of Discover Financial Services to a "strong-buy" rating in a research report on Friday, April 25th. 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. Barclays lifted their price target on shares of Discover Financial Services from $186.00 to $209.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Finally, Truist Financial lifted their price target on shares of Discover Financial Services from $219.00 to $229.00 and gave the company a "buy" rating in a research report on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average 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.