Obsidian Personal Planning Solutions LLC Buys Shares of 1,241 Discover Financial Services (NYSE:DFS)

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

Several other institutional investors also recently bought and sold shares of the business. SBI Securities Co. Ltd. purchased a new stake in shares of Discover Financial Services during the fourth quarter valued at about $33,000. Flagship Wealth Advisors LLC purchased a new position in Discover Financial Services in the fourth quarter worth $34,000. Grove Bank & Trust increased its position in shares of Discover Financial Services by 78.1% during the fourth quarter. Grove Bank & Trust now owns 203 shares of the financial services provider's stock worth $35,000 after purchasing an additional 89 shares in the last quarter. Bfsg LLC purchased a new stake in shares of Discover Financial Services during the 4th quarter valued at $35,000. Finally, Hantz Financial Services Inc. acquired a new stake in shares of Discover Financial Services in the 4th quarter worth $37,000. 86.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on DFS shares. StockNews.com lowered Discover Financial Services from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. UBS Group raised shares of Discover Financial Services from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $150.00 to $239.00 in a research report on Monday, January 13th. Barclays lifted their price objective on shares of Discover Financial Services from $186.00 to $209.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. TD Securities lowered their price target on 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. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a $180.00 price target on shares of Discover Financial Services in a report on Wednesday, May 7th. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $191.64.

Discover Financial Services Price Performance

Shares of NYSE DFS opened at $202.65 on Tuesday. The stock has a market capitalization of $51.00 billion, a price-to-earnings ratio of 12.70, a price-to-earnings-growth ratio of 1.51 and a beta of 1.16. Discover Financial Services has a 52 week low of $119.95 and a 52 week high of $206.05. The firm has a 50-day simple moving average of $169.32 and a 200-day simple moving average of $177.29. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 1.09.

Discover Financial Services (NYSE:DFS - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The financial services provider reported $4.25 earnings per share for the quarter, topping the consensus estimate of $3.33 by $0.92. The company had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.25 billion. Discover Financial Services had a net margin of 17.29% and a return on equity of 26.18%. During the same quarter last year, the firm posted $1.10 earnings per share. On average, equities analysts predict that Discover Financial Services will post 13.88 earnings per share for the current fiscal year.

Discover Financial Services Company 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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