Discover Financial Services (NYSE:DFS) Shares Acquired by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp increased its holdings in shares of Discover Financial Services (NYSE:DFS) by 19.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,440 shares of the financial services provider’s stock after acquiring an additional 1,732 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Discover Financial Services were worth $1,809,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brookstone Capital Management acquired a new position in shares of Discover Financial Services during the 4th quarter worth $282,000. Capital Investment Advisors LLC raised its position in Discover Financial Services by 4.6% during the fourth quarter. Capital Investment Advisors LLC now owns 1,687 shares of the financial services provider’s stock worth $292,000 after acquiring an additional 74 shares during the last quarter. Wedmont Private Capital lifted its holdings in shares of Discover Financial Services by 4.8% in the fourth quarter. Wedmont Private Capital now owns 2,802 shares of the financial services provider’s stock valued at $475,000 after purchasing an additional 129 shares in the last quarter. Miracle Mile Advisors LLC lifted its holdings in shares of Discover Financial Services by 31.9% in the fourth quarter. Miracle Mile Advisors LLC now owns 2,736 shares of the financial services provider’s stock valued at $474,000 after purchasing an additional 662 shares in the last quarter. Finally, AdvisorNet Financial Inc grew its position in shares of Discover Financial Services by 18.0% in the fourth quarter. AdvisorNet Financial Inc now owns 2,522 shares of the financial services provider’s stock valued at $437,000 after purchasing an additional 385 shares during the last quarter. Institutional investors and hedge funds own 86.94% of the company’s stock.

Discover Financial Services Stock Up 0.0%

Discover Financial Services stock opened at $200.18 on Friday. Discover Financial Services has a twelve month low of $119.95 and a twelve month high of $207.42. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.09. The firm has a market cap of $50.38 billion, a PE ratio of 12.54, a P/E/G ratio of 1.51 and a beta of 1.16. The firm’s 50 day moving average price is $171.48 and its two-hundred day moving average price is $177.96.

Discover Financial Services (NYSE:DFS) last posted its earnings results on Wednesday, April 23rd. The financial services provider reported $4.25 earnings per share for the quarter, beating the consensus estimate 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 period last year, the company earned $1.10 earnings per share. On average, research analysts predict that Discover Financial Services will post 13.88 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on DFS shares. Truist Financial boosted their target price on shares of Discover Financial Services from $219.00 to $229.00 and gave the company a “buy” rating in a research note on Friday, April 25th. Wells Fargo & Company boosted their price objective on shares of Discover Financial Services from $185.00 to $214.00 and gave the company an “equal weight” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. decreased their target price on shares of 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. StockNews.com downgraded Discover Financial Services from a “buy” rating to a “hold” rating in a report on Tuesday, April 15th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $180.00 price target on shares of Discover Financial Services in a research note on Wednesday, May 7th. Eight equities research 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 stock. Based on data from MarketBeat.com, Discover Financial Services currently has an average rating of “Moderate Buy” and a consensus price target 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.