Obsidian Personal Planning Solutions LLC Takes Position in Discover Financial Services (NYSE:DFS)

Obsidian Personal Planning Solutions LLC bought a new stake in shares of Discover Financial Services (NYSE:DFS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,241 shares of the financial services provider's stock, valued at approximately $215,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Raymond James Financial Inc. bought a new position in shares of Discover Financial Services in the fourth quarter worth $38,489,000. Brookstone Capital Management bought a new position in shares of Discover Financial Services in the fourth quarter worth $282,000. Meyer Handelman Co. bought a new position in shares of Discover Financial Services in the fourth quarter worth $239,000. Mechanics Bank Trust Department bought a new position in shares of Discover Financial Services in the fourth quarter worth $234,000. Finally, JBGlobal.com LLC bought a new position in shares of Discover Financial Services in the fourth quarter worth $346,000. Institutional investors own 86.94% of the company's stock.

Analysts Set New Price Targets

DFS has been the subject of several research reports. Royal Bank of Canada upped 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 research report on Friday, January 24th. Barclays upped their target price on shares of Discover Financial Services from $186.00 to $209.00 and gave the stock an "overweight" rating in a research report 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 research report on Friday, April 25th. StockNews.com lowered shares of Discover Financial Services from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. cut their target price on shares of Discover Financial Services from $169.00 to $129.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Discover Financial Services presently has a consensus rating of "Moderate Buy" and an average price target of $191.64.

Discover Financial Services Trading Up 0.3%

NYSE DFS traded up $0.62 during trading on Friday, hitting $201.10. 31,289,322 shares of the company's stock traded hands, compared to its average volume of 1,784,714. The stock has a fifty day moving average of $172.34 and a two-hundred day moving average of $178.47. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.03. Discover Financial Services has a 12-month low of $119.95 and a 12-month high of $207.42. The firm has a market cap of $50.61 billion, a P/E ratio of 12.60, a PEG ratio of 1.51 and a beta of 1.16.

Discover Financial Services (NYSE:DFS - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $4.25 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.25 billion. During the same period in the prior year, the business posted $1.10 earnings per share. As a group, sell-side analysts expect that Discover Financial Services will post 13.88 EPS for the current year.

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.