Weatherstone Capital Management bought a new position in Discover Financial Services (NYSE:DFS) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,983 shares of the financial services provider’s stock, valued at approximately $229,000.

A number of other hedge funds have also bought and sold shares of the business. Diamond Hill Capital Management Inc. boosted its holdings 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 worth $453,619,000 after buying an additional 3,475,126 shares during the period. TD Asset Management Inc. boosted its holdings in shares of Discover Financial Services by 71.9% during the 3rd quarter. TD Asset Management Inc. now owns 1,975,814 shares of the financial services provider’s stock worth $127,401,000 after buying an additional 826,606 shares during the period. Wasatch Advisors Inc. boosted its holdings in shares of Discover Financial Services by 24.3% during the 3rd quarter. Wasatch Advisors Inc. now owns 16,352 shares of the financial services provider’s stock worth $1,054,000 after buying an additional 3,200 shares during the period. Investec Asset Management LTD boosted its holdings in shares of Discover Financial Services by 26.7% during the 3rd quarter. Investec Asset Management LTD now owns 239,187 shares of the financial services provider’s stock worth $15,423,000 after buying an additional 50,412 shares during the period. Finally, Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Discover Financial Services by 50.9% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 13,460 shares of the financial services provider’s stock worth $868,000 after buying an additional 4,539 shares during the period. 84.46% of the stock is owned by institutional investors.

In other news, CEO David W. Nelms sold 30,000 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $70.15, for a total value of $2,104,500.00. Following the completion of the transaction, the chief executive officer now owns 1,441,912 shares in the company, valued at approximately $101,150,126.80. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Roger C. Hochschild sold 15,258 shares of the stock in a transaction 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 transaction, the chief operating officer now owns 751,682 shares of the company’s stock, valued at approximately $53,023,648.28. The disclosure for this sale can be found here. In the last 90 days, insiders bought 55,000 shares of company stock valued at $16,300 and sold 242,673 shares valued at $18,685,542. Corporate insiders own 0.96% of the company’s stock.

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

Discover Financial Services (DFS) opened at $76.91 on Wednesday. Discover Financial Services has a one year low of $57.50 and a one year high of $81.93. The company has a market cap of $27,598.76, a price-to-earnings ratio of 12.72, a P/E/G ratio of 1.24 and a beta of 1.54. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.55 and a current ratio of 1.08.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 22nd will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Wednesday, February 21st. Discover Financial Services’s dividend payout ratio is 25.88%.

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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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