Maven Securities LTD Has $6.83 Million Holdings in Discover Financial Services (NYSE:DFS)

Maven Securities LTD raised its position in Discover Financial Services (NYSE:DFS - Free Report) by 33.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 39,450 shares of the financial services provider's stock after purchasing an additional 9,933 shares during the period. Discover Financial Services accounts for approximately 0.2% of Maven Securities LTD's portfolio, making the stock its 12th largest position. Maven Securities LTD's holdings in Discover Financial Services were worth $6,834,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Measured Risk Portfolios Inc. purchased a new stake in shares of Discover Financial Services in the fourth quarter worth about $44,000. LMR Partners LLP grew its position in shares of Discover Financial Services by 67.9% during the 4th quarter. LMR Partners LLP now owns 93,811 shares of the financial services provider's stock valued at $16,251,000 after acquiring an additional 37,944 shares during the period. Investor s Fiduciary Advisor Network LLC bought a new stake in Discover Financial Services during the 4th quarter valued at approximately $218,000. Hudson Bay Capital Management LP increased its stake in Discover Financial Services by 14.5% in the 4th 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. Finally, Global Assets Advisory LLC purchased a new position in Discover Financial Services during the fourth quarter worth $223,000. 86.94% of the stock is currently owned by institutional investors and hedge funds.

Discover Financial Services Price Performance

Shares of NYSE:DFS opened at $202.65 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. The firm has a market cap of $51.00 billion, a price-to-earnings ratio of 12.70, a P/E/G ratio of 1.51 and a beta of 1.16. The business has a fifty day simple moving average of $169.32 and a 200 day simple moving average of $177.29. Discover Financial Services has a 1 year low of $119.95 and a 1 year high of $206.05.

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 earnings per share 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 analyst estimates of $4.25 billion. During the same period in the prior year, the company posted $1.10 EPS. As a group, sell-side analysts predict that Discover Financial Services will post 13.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

DFS has been the topic of several research reports. TD Securities cut their price objective on shares of Discover Financial Services from $188.00 to $184.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Barclays lifted their price target on Discover Financial Services from $186.00 to $209.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Truist Financial upped their target price on shares of Discover Financial Services from $219.00 to $229.00 and gave the stock a "buy" rating in a report on Friday, April 25th. UBS Group upgraded Discover Financial Services from a "neutral" rating to a "buy" rating and lifted their target price for the company from $150.00 to $239.00 in a research report on Monday, January 13th. Finally, Wells Fargo & Company lifted their target price on Discover Financial Services from $185.00 to $214.00 and gave the company an "equal weight" rating in a research report on Friday, January 24th. 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 stock. According to MarketBeat, Discover Financial Services currently has an average rating of "Moderate Buy" and an average price target 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.

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