Amica Mutual Insurance Co. maintained its stake in Discover Financial Services (NYSE:DFS) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,850 shares of the financial services provider’s stock at the end of the third quarter. Amica Mutual Insurance Co.’s holdings in Discover Financial Services were worth $2,536,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Central Bank & Trust Co. boosted its stake in Discover Financial Services by 118.5% in the second quarter. Central Bank & Trust Co. now owns 88,438 shares of the financial services provider’s stock worth $4,739,000 after buying an additional 47,968 shares in the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in Discover Financial Services by 18.2% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 644,631 shares of the financial services provider’s stock worth $34,547,000 after buying an additional 99,329 shares in the last quarter. Exxonmobil Investment Management Inc. TX boosted its stake in Discover Financial Services by 5.8% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 106,705 shares of the financial services provider’s stock worth $5,718,000 after buying an additional 5,857 shares in the last quarter. LVM Capital Management Ltd. MI boosted its stake in Discover Financial Services by 2.1% in the second quarter. LVM Capital Management Ltd. MI now owns 68,465 shares of the financial services provider’s stock worth $3,669,000 after buying an additional 1,415 shares in the last quarter. Finally, F&V Capital Management LLC bought a new stake in Discover Financial Services during the second quarter worth approximately $207,000. 83.54% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Discover Financial Services (NYSE:DFS) traded down 0.19% during midday trading on Tuesday, hitting $67.62. The company had a trading volume of 2,568,432 shares. Discover Financial Services has a 12 month low of $42.86 and a 12 month high of $68.88. The company has a 50-day moving average of $59.64 and a 200-day moving average of $57.23. The company has a market capitalization of $26.67 billion, a PE ratio of 12.31 and a beta of 1.39.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 17th. Investors of record on Thursday, November 3rd were issued a $0.30 dividend. The ex-dividend date was Tuesday, November 1st. This represents a $1.20 dividend on an annualized basis and a yield of 1.77%. Discover Financial Services’s payout ratio is 21.74%.

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Several equities research analysts recently commented on DFS shares. Zacks Investment Research cut Discover Financial Services from a “buy” rating to a “hold” rating in a research report on Monday. JMP Securities increased their price objective on Discover Financial Services from $63.00 to $71.00 and gave the company a “market outperform” rating in a research report on Tuesday, November 22nd. Stephens started coverage on Discover Financial Services in a research report on Friday, November 18th. They set an “underweight” rating and a $62.00 price objective on the stock. Jefferies Group increased their price objective on Discover Financial Services from $66.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, September 1st. Finally, Barclays PLC cut Discover Financial Services from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, September 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $64.54.

In related news, EVP Kathryn Mcnamara Corley sold 15,000 shares of the company’s stock in a transaction dated Thursday, November 3rd. The stock was sold at an average price of $56.30, for a total value of $844,500.00. Following the completion of the transaction, the executive vice president now owns 156,476 shares of the company’s stock, valued at approximately $8,809,598.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Diane E. Offereins sold 10,000 shares of the company’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $56.45, for a total value of $564,500.00. Following the completion of the transaction, the executive vice president now directly owns 308,962 shares of the company’s stock, valued at approximately $17,440,904.90. The disclosure for this sale can be found here. 1.07% of the stock is owned by corporate insiders.

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, which includes consumer banking and lending products, specifically Discover-branded credit cards issued to individuals and small businesses on the Discover Network and other consumer banking products and services, including personal loans, home equity loans, and other consumer lending and deposit products, and Payment Services segment, which includes PULSE and its Network Partners business.

5 Day Chart for NYSE:DFS

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