Bank of Montreal Can lowered its stake in shares of Discover Financial Services (NYSE:DFS) by 7.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,154,288 shares of the financial services provider’s stock after selling 163,591 shares during the period. Bank of Montreal Can’s holdings in Discover Financial Services were worth $165,707,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of DFS. Diamond Hill Capital Management Inc. boosted its stake 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 buying an additional 3,475,126 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Discover Financial Services by 84.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,904,200 shares of the financial services provider’s stock valued at $380,703,000 after buying an additional 2,698,700 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Discover Financial Services by 320.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,672,385 shares of the financial services provider’s stock valued at $166,196,000 after buying an additional 2,037,515 shares during the period. Capital World Investors boosted its stake in shares of Discover Financial Services by 18.3% during the 2nd quarter. Capital World Investors now owns 10,578,342 shares of the financial services provider’s stock valued at $657,867,000 after buying an additional 1,638,334 shares during the period. Finally, FMR LLC boosted its stake in shares of Discover Financial Services by 17.4% during the 2nd quarter. FMR LLC now owns 10,374,397 shares of the financial services provider’s stock valued at $645,184,000 after buying an additional 1,534,882 shares during the period. 84.78% of the stock is owned by institutional investors.

Several research firms recently issued reports on DFS. Zacks Investment Research lowered shares of Discover Financial Services from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. ValuEngine raised shares of Discover Financial Services from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Buckingham Research began coverage on shares of Discover Financial Services in a research note on Monday, October 2nd. They issued a “buy” rating and a $74.00 price objective for the company. Wells Fargo & Co began coverage on shares of Discover Financial Services in a research note on Tuesday, October 10th. They issued a “market perform” rating and a $69.00 price objective for the company. Finally, Oppenheimer set a $71.00 price objective on shares of Discover Financial Services and gave the company a “buy” rating in a research note on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eighteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $80.76.

In related news, CFO R. Mark Graf sold 16,503 shares of Discover Financial Services stock in a transaction on Friday, October 27th. The shares were sold at an average price of $66.67, for a total value of $1,100,255.01. Following the transaction, the chief financial officer now owns 82,402 shares in the company, valued at approximately $5,493,741.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Carlos Minetti sold 8,000 shares of Discover Financial Services stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $66.68, for a total transaction of $533,440.00. Following the completion of the transaction, the executive vice president now owns 173,149 shares in the company, valued at approximately $11,545,575.32. The disclosure for this sale can be found here. Insiders sold a total of 179,277 shares of company stock worth $12,673,925 in the last quarter. Insiders own 0.96% of the company’s stock.

Discover Financial Services (DFS) opened at $78.94 on Wednesday. The company has a market cap of $28,690.00, a price-to-earnings ratio of 13.59, a P/E/G ratio of 1.79 and a beta of 1.52. Discover Financial Services has a twelve month low of $57.50 and a twelve month high of $81.23. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 2.52.

Discover Financial Services (NYSE:DFS) last announced its earnings results on Tuesday, October 24th. The financial services provider reported $1.59 EPS for the quarter, topping the consensus estimate of $1.53 by $0.06. Discover Financial Services had a net margin of 20.04% and a return on equity of 21.01%. analysts expect that Discover Financial Services will post 5.93 earnings per share for the current fiscal year.

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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.

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

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