Discover Financial Services (NYSE:DFS) Shares Sold by Deroy & Devereaux Private Investment Counsel Inc.

Deroy & Devereaux Private Investment Counsel Inc. reduced its holdings in shares of Discover Financial Services (NYSE:DFS) by 0.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 233,747 shares of the financial services provider’s stock after selling 1,924 shares during the quarter. Discover Financial Services makes up approximately 1.9% of Deroy & Devereaux Private Investment Counsel Inc.’s holdings, making the stock its 18th biggest position. Deroy & Devereaux Private Investment Counsel Inc. owned approximately 0.06% of Discover Financial Services worth $17,980,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in Discover Financial Services by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,700,136 shares of the financial services provider’s stock valued at $105,725,000 after purchasing an additional 4,302 shares during the last quarter. People s United Financial Inc. increased its position in shares of Discover Financial Services by 12.6% during the 2nd quarter. People s United Financial Inc. now owns 16,541 shares of the financial services provider’s stock worth $1,028,000 after purchasing an additional 1,855 shares during the last quarter. Institute for Wealth Management LLC. bought a new stake in shares of Discover Financial Services during the 2nd quarter worth approximately $237,000. Sun Life Financial INC raised its stake in shares of Discover Financial Services by 19,871.4% during the 2nd quarter. Sun Life Financial INC now owns 2,796 shares of the financial services provider’s stock worth $174,000 after purchasing an additional 2,782 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI boosted its holdings in shares of Discover Financial Services by 7.3% in the 2nd quarter. Zurich Insurance Group Ltd FI now owns 59,750 shares of the financial services provider’s stock valued at $3,716,000 after buying an additional 4,051 shares during the last quarter. Institutional investors own 84.46% of the company’s stock.

DFS has been the subject of several analyst reports. ValuEngine raised shares of Discover Financial Services from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Barclays set a $73.00 price target on shares of Discover Financial Services and gave the company a “hold” rating in a research note on Wednesday, October 25th. Argus upgraded shares of Discover Financial Services from an “average” rating to a “buy” rating and set a $90.00 price objective on the stock in a research note on Friday, January 26th. Instinet dropped their target price on shares of Discover Financial Services from $96.00 to $94.00 and set a “buy” rating on the stock in a report on Thursday, January 25th. Finally, Morgan Stanley raised their target price on shares of Discover Financial Services from $79.00 to $91.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $85.61.

In other Discover Financial Services news, COO Roger C. Hochschild sold 15,258 shares of Discover Financial Services stock in a transaction on Friday, December 1st. The stock was sold at an average price of $70.54, for a total value of $1,076,299.32. Following the completion of the transaction, the chief operating officer now directly owns 751,682 shares of the company’s stock, valued at approximately $53,023,648.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Diane E. Offereins sold 15,000 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $70.36, for a total value of $1,055,400.00. Following the sale, the executive vice president now directly owns 160,747 shares in the company, valued at $11,310,158.92. The disclosure for this sale can be found here. In the last three months, insiders bought 55,000 shares of company stock valued at $16,300 and sold 242,673 shares valued at $18,685,542. Insiders own 0.96% of the company’s stock.

Discover Financial Services (NYSE DFS) traded up $1.07 on Wednesday, reaching $77.57. The company had a trading volume of 1,038,622 shares, compared to its average volume of 2,295,941. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.08 and a quick ratio of 1.55. The company has a market cap of $27,830.00, a P/E ratio of 14.16, a PEG ratio of 1.24 and a beta of 1.54. Discover Financial Services has a twelve month low of $57.50 and a twelve month high of $81.93.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 22nd will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Wednesday, February 21st. Discover Financial Services’s dividend payout ratio is currently 25.88%.

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Discover Financial Services Company Profile

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.

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

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