Daiwa Securities Group Inc. increased its position in Discover Financial Services (NYSE:DFS) by 18.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 46,179 shares of the financial services provider’s stock after acquiring an additional 7,096 shares during the period. Daiwa Securities Group Inc.’s holdings in Discover Financial Services were worth $3,552,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Diamond Hill Capital Management Inc. raised its position in shares of Discover Financial Services by 97.6% in the third 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 last quarter. TD Asset Management Inc. raised its position in shares of Discover Financial Services by 71.9% in the third quarter. TD Asset Management Inc. now owns 1,975,814 shares of the financial services provider’s stock valued at $127,401,000 after buying an additional 826,606 shares during the last quarter. Wasatch Advisors Inc. raised its position in shares of Discover Financial Services by 24.3% in the third quarter. Wasatch Advisors Inc. now owns 16,352 shares of the financial services provider’s stock valued at $1,054,000 after buying an additional 3,200 shares during the last quarter. Investec Asset Management LTD raised its position in shares of Discover Financial Services by 26.7% in the third quarter. Investec Asset Management LTD now owns 239,187 shares of the financial services provider’s stock valued at $15,423,000 after buying an additional 50,412 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its position in shares of Discover Financial Services by 50.9% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 13,460 shares of the financial services provider’s stock valued at $868,000 after buying an additional 4,539 shares during the last quarter. 84.46% of the stock is owned by institutional investors and hedge funds.

Shares of Discover Financial Services (NYSE DFS) opened at $76.50 on Wednesday. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.55 and a current ratio of 1.08. Discover Financial Services has a 52 week low of $57.50 and a 52 week high of $81.93. The stock has a market cap of $27,598.76, a P/E ratio of 12.72, a price-to-earnings-growth ratio of 1.24 and a beta of 1.54.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 22nd will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $1.40 annualized dividend and a yield of 1.83%. Discover Financial Services’s dividend payout ratio is currently 25.88%.

In other Discover Financial Services news, COO Roger C. Hochschild sold 15,258 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $70.54, for a total transaction of $1,076,299.32. Following the completion of the sale, the chief operating officer now directly owns 751,682 shares in the company, valued at $53,023,648.28. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Kathryn Mcnamara Corley sold 37,000 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $80.08, for a total transaction of $2,962,960.00. Following the sale, the executive vice president now owns 147,770 shares of the company’s stock, valued at $11,833,421.60. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 55,000 shares of company stock valued at $16,300 and have sold 242,673 shares valued at $18,685,542. 0.96% of the stock is owned by insiders.

DFS has been the subject of a number of analyst reports. ValuEngine raised shares of Discover Financial Services from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Barclays set a $73.00 price objective on shares of Discover Financial Services and gave the company a “hold” rating in a research report on Wednesday, October 25th. Argus upgraded shares of Discover Financial Services from an “average” rating to a “buy” rating and set a $90.00 target price for the company in a report on Friday, January 26th. Instinet lowered their target price on shares of Discover Financial Services from $96.00 to $94.00 and set a “buy” rating for the company in a report on Thursday, January 25th. Finally, Morgan Stanley boosted their target price on shares of Discover Financial Services from $79.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $85.61.

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Discover Financial Services Company 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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