Relyea Zuckerberg Hanson LLC Invests $215,000 in Discover Financial Services (NYSE:DFS)

Relyea Zuckerberg Hanson LLC bought a new stake in Discover Financial Services (NYSE:DFS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,532 shares of the financial services provider’s stock, valued at approximately $215,000.

Several other hedge funds have also recently made changes to their positions in the company. UNIVEST FINANCIAL Corp boosted its holdings in Discover Financial Services by 5.3% in the 4th quarter. UNIVEST FINANCIAL Corp now owns 55,969 shares of the financial services provider’s stock worth $4,035,000 after buying an additional 2,798 shares during the period. Artemis Investment Management LLP boosted its holdings in shares of Discover Financial Services by 52.1% in the 4th quarter. Artemis Investment Management LLP now owns 288,418 shares of the financial services provider’s stock worth $24,446,000 after purchasing an additional 98,800 shares in the last quarter. CHICAGO TRUST Co NA boosted its holdings in shares of Discover Financial Services by 0.8% in the 4th quarter. CHICAGO TRUST Co NA now owns 35,060 shares of the financial services provider’s stock worth $2,974,000 after purchasing an additional 264 shares in the last quarter. IFM Investors Pty Ltd increased its position in shares of Discover Financial Services by 1.3% during the 4th quarter. IFM Investors Pty Ltd now owns 37,575 shares of the financial services provider’s stock valued at $3,187,000 after purchasing an additional 497 shares during the last quarter. Finally, Central Bank & Trust Co. increased its position in shares of Discover Financial Services by 3.7% during the 4th quarter. Central Bank & Trust Co. now owns 72,181 shares of the financial services provider’s stock valued at $6,122,000 after purchasing an additional 2,600 shares during the last quarter. Institutional investors own 84.54% of the company’s stock.

Shares of Discover Financial Services stock opened at $83.32 on Thursday. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.28 and a quick ratio of 1.28. Discover Financial Services has a one year low of $63.07 and a one year high of $92.98. The business’s 50 day simple moving average is $84.63 and its two-hundred day simple moving average is $82.58. The stock has a market capitalization of $26.03 billion, a P/E ratio of 9.37, a price-to-earnings-growth ratio of 1.18 and a beta of 1.61.

Discover Financial Services (NYSE:DFS) last released its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $2.36 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.07. Discover Financial Services had a return on equity of 26.79% and a net margin of 20.97%. The firm had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same quarter in the prior year, the firm posted $2.05 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. Sell-side analysts expect that Discover Financial Services will post 9.06 earnings per share for the current fiscal year.

DFS has been the subject of a number of recent research reports. Wells Fargo & Co restated a “neutral” rating on shares of Discover Financial Services in a research report on Monday, January 6th. JPMorgan Chase & Co. upped their target price on Discover Financial Services from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Nomura reiterated a “neutral” rating and set a $89.00 price target (down from $96.00) on shares of Discover Financial Services in a research report on Thursday, December 5th. Credit Suisse Group lifted their price target on shares of Discover Financial Services from $98.00 to $99.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Finally, ValuEngine lowered shares of Discover Financial Services from a “sell” rating to a “strong sell” rating in a report on Friday, January 3rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $86.63.

Discover Financial Services Company Profile

Discover Financial Services, through its subsidiaries, operates as a direct banking and payment services company in the United States. The Direct Banking segment offers Discover-branded credit cards to individuals; and other consumer products and services, including private student loans, personal loans, home equity loans, and other consumer lending, as well as deposit products, such as certificates of deposit, money market accounts, savings accounts, checking accounts, and individual retirement arrangement certificates of deposit.

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Institutional Ownership by Quarter for Discover Financial Services (NYSE:DFS)

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