Stephens Inc. AR lessened its holdings in Discover Financial Services (NYSE:DFS) by 19.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,346 shares of the financial services provider’s stock after selling 2,782 shares during the quarter. Stephens Inc. AR’s holdings in Discover Financial Services were worth $732,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Chicago Partners Investment Group LLC acquired a new stake in Discover Financial Services during the 2nd quarter worth approximately $168,000. Capstone Investment Advisors Netherlands B.V. acquired a new stake in Discover Financial Services during the 2nd quarter worth approximately $157,000. San Francisco Sentry Investment Group CA acquired a new stake in Discover Financial Services during the 2nd quarter worth approximately $170,000. Sun Life Financial INC raised its holdings in 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 buying an additional 2,782 shares during the period. Finally, Advisory Services Network LLC raised its holdings 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 worth $181,000 after buying an additional 229 shares during the period. 86.89% of the stock is currently owned by institutional investors.

In related news, EVP Kathryn Mcnamara Corley sold 4,000 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $59.63, for a total value of $238,520.00. Following the completion of the transaction, the executive vice president now owns 150,744 shares of the company’s stock, valued at $8,988,864.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Roger C. Hochschild sold 15,258 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $59.64, for a total value of $909,987.12. Following the completion of the transaction, the chief operating officer now directly owns 799,741 shares of the company’s stock, valued at approximately $47,696,553.24. The disclosure for this sale can be found here. In the last three months, insiders sold 172,277 shares of company stock valued at $11,020,650. 0.96% of the stock is currently owned by company insiders.

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Several analysts have commented on DFS shares. Jefferies Group LLC restated a “buy” rating and set a $75.00 target price (down from $82.00) on shares of Discover Financial Services in a report on Thursday, July 27th. Buckingham Research assumed coverage on shares of Discover Financial Services in a report on Monday, October 2nd. They set a “buy” rating and a $74.00 target price on the stock. ValuEngine upgraded shares of Discover Financial Services from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Oppenheimer Holdings, Inc. set a $71.00 price objective on shares of Discover Financial Services and gave the company a “buy” rating in a report on Tuesday, October 24th. Finally, Nomura lowered their price objective on shares of Discover Financial Services from $81.00 to $79.00 and set a “buy” rating on the stock in a report on Wednesday, October 25th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $74.45.

Discover Financial Services (DFS) traded down $0.14 during mid-day trading on Friday, reaching $65.50. 2,026,200 shares of the company’s stock were exchanged, compared to its average volume of 2,645,418. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.55 and a current ratio of 1.55. Discover Financial Services has a 1 year low of $57.50 and a 1 year high of $74.33. The company has a market capitalization of $23,801.43, a PE ratio of 11.25, a price-to-earnings-growth ratio of 1.73 and a beta of 1.52.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Wednesday, November 22nd will be given a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.14%. Discover Financial Services’s payout ratio is presently 24.05%.

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.

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

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