DF Dent & Co. Inc. decreased its holdings in shares of Discover Financial Services (NYSE:DFS) by 3.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 770,490 shares of the financial services provider’s stock after selling 29,616 shares during the period. DF Dent & Co. Inc. owned about 0.21% of Discover Financial Services worth $49,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of DFS. Diamond Hill Capital Management Inc. grew its position in shares of Discover Financial Services by 97.6% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 7,035,035 shares of the financial services provider’s stock valued at $453,619,000 after acquiring an additional 3,475,126 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new position in Discover Financial Services in the 2nd quarter worth $199,350,000. Principal Financial Group Inc. boosted its holdings in Discover Financial Services by 492.6% in the 2nd quarter. Principal Financial Group Inc. now owns 3,504,010 shares of the financial services provider’s stock worth $217,914,000 after buying an additional 2,912,742 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Discover Financial Services by 320.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,672,385 shares of the financial services provider’s stock worth $166,196,000 after buying an additional 2,037,515 shares during the period. Finally, Capital World Investors boosted its holdings in Discover Financial Services by 18.3% in the 2nd quarter. Capital World Investors now owns 10,578,342 shares of the financial services provider’s stock worth $657,867,000 after buying an additional 1,638,334 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Discover Financial Services (NYSE DFS) opened at $74.35 on Tuesday. Discover Financial Services has a 1-year low of $57.50 and a 1-year high of $74.68. The company has a market cap of $26,817.49, a PE ratio of 12.68, a price-to-earnings-growth 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.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 7th. Shareholders of record on Wednesday, November 22nd were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend was Tuesday, November 21st. Discover Financial Services’s dividend payout ratio (DPR) is presently 24.05%.

Several research analysts recently weighed in on the stock. Wedbush set a $80.00 target price on shares of Discover Financial Services and gave the stock a “buy” rating in a report on Monday. Barclays raised shares of Discover Financial Services from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $73.00 to $93.00 in a report on Monday. ValuEngine raised shares of Discover Financial Services from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research downgraded shares of Discover Financial Services from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Finally, Buckingham Research assumed coverage on shares of Discover Financial Services in a report on Monday, October 2nd. They issued a “buy” rating and a $74.00 target price for the company. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seventeen have issued a buy rating to the company’s stock. Discover Financial Services has an average rating of “Buy” and an average price target of $76.26.

In other Discover Financial Services news, CEO David W. Nelms sold 30,000 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $64.55, for a total transaction of $1,936,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Carlos Minetti sold 8,000 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $64.51, for a total transaction of $516,080.00. The disclosure for this sale can be found here. Insiders have sold a total of 183,277 shares of company stock valued at $12,335,343 in the last three months. Insiders own 0.96% of the company’s stock.

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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.

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

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