Chevy Chase Trust Holdings Inc. decreased its position in Discover Financial Services (NYSE:DFS) by 14.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 343,321 shares of the financial services provider’s stock after selling 56,842 shares during the period. Chevy Chase Trust Holdings Inc. owned 0.09% of Discover Financial Services worth $22,138,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. GM Advisory Group Inc. lifted its stake in Discover Financial Services by 0.3% in the second quarter. GM Advisory Group Inc. now owns 5,304 shares of the financial services provider’s stock valued at $330,000 after buying an additional 17 shares during the period. South State Corp lifted its stake in Discover Financial Services by 0.7% in the second quarter. South State Corp now owns 3,457 shares of the financial services provider’s stock valued at $215,000 after buying an additional 25 shares during the period. New Amsterdam Partners LLC NY lifted its stake in Discover Financial Services by 1.2% in the second quarter. New Amsterdam Partners LLC NY now owns 5,043 shares of the financial services provider’s stock valued at $314,000 after buying an additional 60 shares during the period. M&R Capital Management Inc. lifted its stake in Discover Financial Services by 1.1% in the second quarter. M&R Capital Management Inc. now owns 6,595 shares of the financial services provider’s stock valued at $393,000 after buying an additional 70 shares during the period. Finally, Mariner Wealth Advisors LLC lifted its stake in Discover Financial Services by 1.8% in the second quarter. Mariner Wealth Advisors LLC now owns 5,245 shares of the financial services provider’s stock valued at $326,000 after buying an additional 93 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

In related news, EVP Diane E. Offereins sold 15,000 shares of Discover Financial Services stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $70.36, for a total value of $1,055,400.00. Following the sale, the executive vice president now owns 160,747 shares of the company’s stock, valued at approximately $11,310,158.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Carlos Minetti sold 8,000 shares of Discover Financial Services stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $64.51, for a total value of $516,080.00. The disclosure for this sale can be found here. In the last three months, insiders sold 183,277 shares of company stock worth $12,335,343. 0.96% of the stock is owned by insiders.

Several equities analysts have weighed in on the company. Wedbush reissued an “outperform” rating and issued a $80.00 target price (up previously from $70.00) on shares of Discover Financial Services in a research note on Monday. Barclays raised Discover Financial Services from an “equal weight” rating to a “buy” rating and set a $93.00 target price on the stock in a research note on Monday. ValuEngine raised Discover Financial Services from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Royal Bank Of Canada reissued a “buy” rating and issued a $86.00 target price on shares of Discover Financial Services in a research note on Wednesday, October 25th. Finally, BMO Capital Markets dropped their price target on Discover Financial Services from $69.00 to $67.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seventeen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $76.26.

Shares of Discover Financial Services (DFS) opened at $73.80 on Monday. The company has a market capitalization of $26,817.49, a PE ratio of 12.68, a PEG ratio of 1.95 and a beta of 1.53. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.52. Discover Financial Services has a 1 year low of $57.50 and a 1 year high of $74.41.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 7th. Stockholders of record on Wednesday, November 22nd were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Tuesday, November 21st. Discover Financial Services’s dividend payout ratio is currently 24.05%.

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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 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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