Discover Financial Services (DFS) Shares Bought by National Pension Service

National Pension Service lifted its holdings in shares of Discover Financial Services (NYSE:DFS) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 378,747 shares of the financial services provider’s stock after purchasing an additional 7,323 shares during the quarter. National Pension Service owned 0.10% of Discover Financial Services worth $29,133,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Grove Bank & Trust raised its position in Discover Financial Services by 2,483.3% in the 3rd quarter. Grove Bank & Trust now owns 1,550 shares of the financial services provider’s stock valued at $100,000 after buying an additional 1,490 shares during the last quarter. Rational Advisors LLC acquired a new stake in Discover Financial Services in the 3rd quarter valued at approximately $123,000. Americafirst Capital Management LLC acquired a new stake in Discover Financial Services in the 3rd quarter valued at approximately $140,000. Capstone Investment Advisors Netherlands B.V. acquired a new stake in Discover Financial Services in the 2nd quarter valued at approximately $157,000. Finally, San Francisco Sentry Investment Group CA acquired a new stake in Discover Financial Services in the 2nd quarter valued at approximately $170,000. 84.78% of the stock is currently owned by institutional investors.

Discover Financial Services (NYSE:DFS) opened at $78.22 on Friday. The firm has a market capitalization of $28,681.63, a P/E ratio of 13.44, a price-to-earnings-growth ratio of 1.72 and a beta of 1.52. Discover Financial Services has a 1 year low of $57.50 and a 1 year high of $81.23. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.55 and a current ratio of 1.55.

Discover Financial Services (NYSE:DFS) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $1.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.06. Discover Financial Services had a return on equity of 21.01% and a net margin of 20.04%. sell-side analysts forecast that Discover Financial Services will post 5.92 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 22nd will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.79%. Discover Financial Services’s dividend payout ratio is currently 24.05%.

In other news, CFO R. Mark Graf sold 16,503 shares of Discover Financial Services stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $66.67, for a total transaction of $1,100,255.01. Following the completion of the transaction, the chief financial officer now directly owns 82,402 shares in the company, valued at approximately $5,493,741.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Carlos Minetti sold 8,000 shares of Discover Financial Services stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $66.68, for a total value of $533,440.00. Following the transaction, the executive vice president now owns 173,149 shares of the company’s stock, valued at $11,545,575.32. The disclosure for this sale can be found here. Insiders have sold a total of 179,277 shares of company stock valued at $12,673,925 over the last quarter. 0.96% of the stock is currently owned by corporate insiders.

A number of equities research analysts recently issued reports on DFS shares. Barclays set a $73.00 target price on Discover Financial Services and gave the company a “hold” rating in a research report on Wednesday, October 25th. ValuEngine raised Discover Financial Services from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Oppenheimer set a $71.00 target price on Discover Financial Services and gave the company a “buy” rating in a research report on Tuesday, October 24th. Zacks Investment Research lowered Discover Financial Services from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Finally, Compass Point lowered Discover Financial Services from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eighteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $80.76.

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About Discover Financial Services

Discover Financial Services (DFS) is a direct banking and payment services company. The Company is a bank holding company, as well as a financial holding company. The Company operates through two segments: Direct Banking and Payment Services. It provides direct banking products and services, and payment services through its subsidiaries.

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

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