NorthRock Partners LLC Acquires 2,387 Shares of Discover Financial Services (NYSE:DFS)

NorthRock Partners LLC increased its position in shares of Discover Financial Services (NYSE:DFS - Free Report) by 82.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,277 shares of the financial services provider's stock after acquiring an additional 2,387 shares during the quarter. NorthRock Partners LLC's holdings in Discover Financial Services were worth $914,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in DFS. SBI Securities Co. Ltd. bought a new position in Discover Financial Services during the fourth quarter worth about $33,000. Flagship Wealth Advisors LLC bought a new position in shares of Discover Financial Services during the fourth quarter worth $34,000. Grove Bank & Trust increased its position in shares of Discover Financial Services by 78.1% in the 4th quarter. Grove Bank & Trust now owns 203 shares of the financial services provider's stock valued at $35,000 after buying an additional 89 shares in the last quarter. Bfsg LLC acquired a new stake in Discover Financial Services during the 4th quarter worth $35,000. Finally, Hantz Financial Services Inc. acquired a new position in Discover Financial Services in the fourth quarter valued at about $37,000. Institutional investors own 86.94% of the company's stock.

Discover Financial Services Stock Down 1.4%

Shares of Discover Financial Services stock traded down $2.73 during trading hours on Tuesday, reaching $197.76. The company's stock had a trading volume of 31,289,322 shares, compared to its average volume of 1,784,714. The company has a market capitalization of $49.77 billion, a P/E ratio of 12.39, 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 one year low of $119.95 and a one year high of $207.42. The stock's fifty day simple moving average is $173.02 and its two-hundred day simple moving average is $179.00.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on DFS shares. TD Securities lowered their price objective on shares of Discover Financial Services from $188.00 to $184.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Barclays lifted their target price on Discover Financial Services from $186.00 to $209.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. StockNews.com cut shares of Discover Financial Services from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. JPMorgan Chase & Co. decreased their target price on 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. Finally, Argus upgraded shares of Discover Financial Services to a "strong-buy" rating in a report on Friday, April 25th. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Discover Financial Services has an average rating of "Moderate Buy" and a consensus 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.