535,000 Shares in Discover Financial Services (NYSE:DFS) Acquired by Pentwater Capital Management LP

Pentwater Capital Management LP purchased a new stake in shares of Discover Financial Services (NYSE:DFS - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 535,000 shares of the financial services provider's stock, valued at approximately $92,678,000. Discover Financial Services makes up approximately 1.0% of Pentwater Capital Management LP's investment portfolio, making the stock its 10th biggest position. Pentwater Capital Management LP owned about 0.21% of Discover Financial Services as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in shares of Discover Financial Services during the fourth quarter valued at approximately $33,000. Flagship Wealth Advisors LLC bought a new stake in shares of Discover Financial Services during the fourth quarter valued at approximately $34,000. Bfsg LLC bought a new stake in shares of Discover Financial Services during the fourth quarter valued at approximately $35,000. Grove Bank & Trust boosted 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 valued at $35,000 after purchasing an additional 89 shares in the last quarter. Finally, Hantz Financial Services Inc. bought a new stake in shares of Discover Financial Services during the fourth quarter valued at approximately $37,000. 86.94% of the stock is currently owned by institutional investors.

Discover Financial Services Stock Performance

Shares of DFS traded up $0.33 during trading hours on Thursday, hitting $183.00. The stock had a trading volume of 1,257,383 shares, compared to its average volume of 1,619,711. 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 $205.76. The firm has a market capitalization of $46.04 billion, a PE ratio of 11.47, a PEG ratio of 1.51 and a beta of 1.20. The stock has a fifty day moving average price of $168.76 and a 200 day moving average price of $174.71.

Discover Financial Services (NYSE:DFS - Get Free Report) last released 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 return on equity of 26.18% and a net margin of 17.29%. The business had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.25 billion. During the same quarter in the previous year, the company posted $1.10 earnings per share. Analysts anticipate that Discover Financial Services will post 13.88 EPS for the current year.

Analyst Ratings Changes

DFS has been the subject of a number of recent research reports. Royal Bank of Canada lifted their price objective on Discover Financial Services from $193.00 to $210.00 and gave the company a "sector perform" rating in a research note on Friday, January 24th. Truist Financial lifted their price objective on Discover Financial Services from $219.00 to $229.00 and gave the company a "buy" rating in a research note on Friday, April 25th. StockNews.com cut Discover Financial Services from a "buy" rating to a "hold" rating in a research note on Tuesday, April 15th. UBS Group upgraded Discover Financial Services from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $150.00 to $239.00 in a research note on Monday, January 13th. Finally, Barclays lifted their price objective 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. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $188.91.

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.