Thompson Investment Management Inc. Sells 680 Shares of Discover Financial Services (NYSE:DFS)

Thompson Investment Management Inc. reduced its position in shares of Discover Financial Services (NYSE:DFS) by 1.3% during the third quarter, Holdings Channel reports. The firm owned 49,999 shares of the financial services provider’s stock after selling 680 shares during the period. Thompson Investment Management Inc.’s holdings in Discover Financial Services were worth $4,054,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Landmark Bank raised its position in Discover Financial Services by 0.4% in the second quarter. Landmark Bank now owns 32,284 shares of the financial services provider’s stock worth $2,505,000 after acquiring an additional 142 shares during the period. Smithfield Trust Co. raised its position in Discover Financial Services by 22.1% in the third quarter. Smithfield Trust Co. now owns 830 shares of the financial services provider’s stock worth $68,000 after acquiring an additional 150 shares during the period. Usca Ria LLC raised its position in Discover Financial Services by 0.4% in the third quarter. Usca Ria LLC now owns 36,942 shares of the financial services provider’s stock worth $2,996,000 after acquiring an additional 155 shares during the period. Signaturefd LLC raised its position in Discover Financial Services by 4.5% in the third quarter. Signaturefd LLC now owns 3,632 shares of the financial services provider’s stock worth $295,000 after acquiring an additional 157 shares during the period. Finally, Girard Partners LTD. raised its position in Discover Financial Services by 5.0% in the second quarter. Girard Partners LTD. now owns 3,548 shares of the financial services provider’s stock worth $275,000 after acquiring an additional 169 shares during the period. 84.95% of the stock is currently owned by institutional investors.

Several analysts have commented on the stock. Nomura lifted their price objective on shares of Discover Financial Services from $86.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Zacks Investment Research upgraded shares of Discover Financial Services from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research note on Monday, September 9th. JMP Securities upgraded shares of Discover Financial Services from an “outperform” rating to a “buy” rating in a research note on Thursday, July 25th. UBS Group lifted their target price on shares of Discover Financial Services from $83.00 to $92.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Discover Financial Services from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $86.65.

Shares of DFS traded up $0.36 during trading hours on Friday, hitting $84.71. The company’s stock had a trading volume of 1,201,500 shares, compared to its average volume of 1,944,941. The business has a 50 day simple moving average of $80.22 and a two-hundred day simple moving average of $80.42. The company has a market cap of $26.05 billion, a price-to-earnings ratio of 10.87, a PEG ratio of 1.24 and a beta of 1.62. Discover Financial Services has a 52-week low of $54.36 and a 52-week high of $92.98. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.28 and a quick ratio of 1.28.

Discover Financial Services (NYSE:DFS) last issued its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $2.36 EPS for the quarter, beating the consensus estimate of $2.29 by $0.07. The company had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.89 billion. Discover Financial Services had a net margin of 20.97% and a return on equity of 26.79%. Discover Financial Services’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.05 earnings per share. Research analysts predict that Discover Financial Services will post 9.05 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be paid a dividend of $0.44 per share. The ex-dividend date is Wednesday, November 20th. This represents a $1.76 annualized dividend and a yield of 2.08%. Discover Financial Services’s dividend payout ratio is currently 22.59%.

About Discover Financial Services

Discover Financial Services, through its subsidiaries, operates as a direct banking and payment services company in the United States. The Direct Banking segment offers Discover-branded credit cards to individuals; and other consumer products and services, including private student loans, personal loans, home equity loans, and other consumer lending, as well as deposit products, such as certificates of deposit, money market accounts, savings accounts, checking accounts, and individual retirement arrangement certificates of deposit.

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

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