Point72 Asia Singapore Pte. Ltd. Increases Stock Holdings in Discover Financial Services (NYSE:DFS)

Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Discover Financial Services (NYSE:DFS) by 2,186.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,894 shares of the financial services provider’s stock after purchasing an additional 4,680 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Discover Financial Services were worth $848,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hemington Wealth Management raised its stake in shares of Discover Financial Services by 11.0% in the fourth quarter. Hemington Wealth Management now owns 503 shares of the financial services provider’s stock valued at $87,000 after acquiring an additional 50 shares during the period. Rehmann Capital Advisory Group grew its holdings in Discover Financial Services by 1.0% during the 4th quarter. Rehmann Capital Advisory Group now owns 5,152 shares of the financial services provider’s stock valued at $892,000 after purchasing an additional 51 shares during the last quarter. UMB Bank n.a. raised its position in Discover Financial Services by 0.6% in the 4th quarter. UMB Bank n.a. now owns 9,248 shares of the financial services provider’s stock worth $1,602,000 after purchasing an additional 56 shares during the period. Stratos Wealth Partners LTD. lifted its stake in Discover Financial Services by 0.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 6,158 shares of the financial services provider’s stock worth $1,067,000 after purchasing an additional 57 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its position in shares of Discover Financial Services by 4.2% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,411 shares of the financial services provider’s stock valued at $244,000 after buying an additional 57 shares during the period. Hedge funds and other institutional investors own 86.94% of the company’s stock.

Wall Street Analyst Weigh In

DFS has been the topic of several recent analyst reports. Wells Fargo & Company increased their price target on Discover Financial Services from $185.00 to $214.00 and gave the stock an “equal weight” rating in a report on Friday, January 24th. JPMorgan Chase & Co. cut their price objective on 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. Royal Bank of Canada lifted their target price on 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. TD Securities lowered their target price on shares of Discover Financial Services from $188.00 to $184.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Finally, StockNews.com downgraded shares of Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Tuesday, April 15th. 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $191.64.

Discover Financial Services Trading Up 0.0%

NYSE DFS opened at $200.18 on Friday. Discover Financial Services has a one year low of $119.95 and a one year 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 company has a market capitalization of $50.38 billion, a price-to-earnings ratio of 12.54, a price-to-earnings-growth ratio of 1.51 and a beta of 1.16. The company’s 50-day simple moving average is $171.48 and its two-hundred day simple moving average is $177.96.

Discover Financial Services (NYSE:DFS) last issued its quarterly earnings data 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. The company had revenue of $4.25 billion for 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 period last year, the company posted $1.10 earnings per share. Equities analysts forecast that Discover Financial Services will post 13.88 EPS for the current fiscal year.

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.