UBS Asset Management Americas Inc. increased its position in shares of Discover Financial Services (NYSE:DFS) by 3.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,455,970 shares of the financial services provider’s stock after buying an additional 51,494 shares during the period. UBS Asset Management Americas Inc. owned 0.37% of Discover Financial Services worth $82,335,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Financial Architects Inc boosted its stake in Discover Financial Services by 724.6% in the second quarter. Financial Architects Inc now owns 1,880 shares of the financial services provider’s stock worth $100,000 after buying an additional 1,652 shares during the last quarter. Evercore Wealth Management LLC boosted its stake in Discover Financial Services by 24.9% in the second quarter. Evercore Wealth Management LLC now owns 1,989 shares of the financial services provider’s stock worth $107,000 after buying an additional 396 shares during the last quarter. Mycio Wealth Partners LLC boosted its stake in Discover Financial Services by 43.7% in the second quarter. Mycio Wealth Partners LLC now owns 2,054 shares of the financial services provider’s stock worth $110,000 after buying an additional 625 shares during the last quarter. Advisory Services Network LLC boosted its stake in Discover Financial Services by 21.0% in the second quarter. Advisory Services Network LLC now owns 2,257 shares of the financial services provider’s stock worth $121,000 after buying an additional 391 shares during the last quarter. Finally, Seven Eight Capital LLC bought a new stake in Discover Financial Services during the second quarter worth about $124,000. Institutional investors own 83.54% of the company’s stock.

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

Shares of Discover Financial Services (NYSE:DFS) opened at 67.62 on Wednesday. The firm has a 50-day moving average price of $59.64 and a 200-day moving average price of $57.23. Discover Financial Services has a 12 month low of $42.86 and a 12 month high of $68.88. 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 disclosed a quarterly dividend, which was paid on Thursday, November 17th. Stockholders of record on Thursday, November 3rd were given a $0.30 dividend. The ex-dividend date was Tuesday, November 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.77%. Discover Financial Services’s payout ratio is 21.74%.

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

In other news, CFO R. Mark Graf sold 25,032 shares of the firm’s stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $56.78, for a total value of $1,421,316.96. Following the completion of the sale, the chief financial officer now directly owns 116,052 shares of the company’s stock, valued at $6,589,432.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael H. Moskow sold 2,229 shares of the firm’s stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $56.61, for a total value of $126,183.69. Following the completion of the sale, the director now directly owns 50,392 shares of the company’s stock, valued at $2,852,691.12. The disclosure for this sale can be found here. 1.07% of the stock is owned by 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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