3,587 Shares in Discover Financial Services (DFS) Purchased by Signition LP

Signition LP purchased a new position in Discover Financial Services (NYSE:DFS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,587 shares of the financial services provider’s stock, valued at approximately $276,000.

Several other institutional investors also recently added to or reduced their stakes in DFS. Raymond James Financial Services Advisors Inc. increased its stake in Discover Financial Services by 19.1% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 34,256 shares of the financial services provider’s stock valued at $2,130,000 after purchasing an additional 5,497 shares in the last quarter. Koch Industries Inc. bought a new stake in Discover Financial Services during the 2nd quarter valued at $250,000. Wasatch Advisors Inc. increased its stake in Discover Financial Services by 6.5% during the 2nd quarter. Wasatch Advisors Inc. now owns 13,152 shares of the financial services provider’s stock valued at $818,000 after purchasing an additional 800 shares in the last quarter. Dynamic Technology Lab Private Ltd increased its stake in Discover Financial Services by 11.4% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 10,462 shares of the financial services provider’s stock valued at $650,000 after purchasing an additional 1,072 shares in the last quarter. Finally, Advisory Services Network LLC increased its stake in Discover Financial Services by 8.5% during the 2nd quarter. Advisory Services Network LLC now owns 2,911 shares of the financial services provider’s stock valued at $181,000 after purchasing an additional 229 shares in the last quarter. Institutional investors own 84.08% of the company’s stock.

DFS has been the subject of a number of recent research reports. 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. ValuEngine upgraded shares of Discover Financial Services from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Argus upgraded shares of Discover Financial Services from an “average” rating to a “buy” rating and set a $90.00 price target for the company in a research note on Friday, January 26th. Instinet decreased their price target on shares of Discover Financial Services from $96.00 to $94.00 and set a “buy” rating for the company in a research note on Thursday, January 25th. Finally, Morgan Stanley boosted their price target 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 issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Discover Financial Services currently has a consensus rating of “Buy” and a consensus price target of $85.61.

In other Discover Financial Services news, CEO David W. Nelms sold 30,000 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $70.15, for a total transaction of $2,104,500.00. Following the sale, the chief executive officer now directly owns 1,441,912 shares of the company’s stock, valued at $101,150,126.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Kathryn Mcnamara Corley sold 37,000 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $80.08, for a total transaction of $2,962,960.00. Following the sale, the executive vice president now directly owns 147,770 shares in the company, valued at $11,833,421.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 55,000 shares of company stock worth $16,300 and have sold 242,673 shares worth $18,685,542. 0.96% of the stock is owned by corporate insiders.

Discover Financial Services (DFS) traded down $0.33 on Thursday, reaching $78.26. 761,505 shares of the company traded hands, compared to its average volume of 2,283,807. The company has a market capitalization of $28,936.00, a price-to-earnings ratio of 14.52, a P/E/G ratio of 1.30 and a beta of 1.54. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.55 and a current ratio of 1.08. Discover Financial Services has a one year low of $57.50 and a one year high of $81.93.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 22nd will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $1.40 annualized dividend and a yield of 1.79%. Discover Financial Services’s payout ratio is currently 25.88%.

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Discover Financial Services 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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