Advisory Research Inc. lessened its holdings in shares of Discover Financial Services (NYSE:DFS) by 17.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 183,527 shares of the financial services provider’s stock after selling 39,507 shares during the quarter. Advisory Research Inc.’s holdings in Discover Financial Services were worth $14,117,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Diamond Hill Capital Management Inc. lifted its holdings in 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 period. TD Asset Management Inc. lifted its holdings in 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 period. Wasatch Advisors Inc. lifted its holdings in 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 period. Investec Asset Management LTD lifted its holdings in 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 period. Finally, Commerzbank Aktiengesellschaft FI lifted its holdings in 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 period. Institutional investors own 84.46% of the company’s stock.

Shares of Discover Financial Services (NYSE DFS) opened at $77.61 on Thursday. The company has a current ratio of 1.08, a quick ratio of 1.55 and a debt-to-equity ratio of 2.52. The company has a market cap of $27,798.62, a PE ratio of 12.81, a PEG ratio of 1.25 and a beta of 1.54. Discover Financial Services has a 52-week low of $57.50 and a 52-week high of $81.93.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 22nd will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Wednesday, February 21st. Discover Financial Services’s payout ratio is presently 25.88%.

Several equities analysts recently issued reports on the stock. Morgan Stanley boosted their target price on shares of Discover Financial Services from $91.00 to $93.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Instinet dropped their target price on shares of Discover Financial Services from $96.00 to $94.00 and set a “buy” rating on the stock in a report on Thursday, January 25th. BMO Capital Markets dropped their target price on shares of Discover Financial Services from $97.00 to $93.00 and set a “market perform” rating on the stock in a report on Thursday, January 25th. JPMorgan Chase & Co. dropped their target price on shares of Discover Financial Services from $82.50 to $82.00 and set a “neutral” rating on the stock in a report on Thursday, January 25th. Finally, JMP Securities boosted their target price on shares of Discover Financial Services to $91.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $85.61.

In other news, EVP Diane E. Offereins sold 15,000 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $70.36, for a total transaction of $1,055,400.00. Following the completion of the sale, the executive vice president now directly owns 160,747 shares of the company’s stock, valued at $11,310,158.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO David W. Nelms sold 30,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $79.65, for a total transaction of $2,389,500.00. Following the sale, the chief executive officer now directly owns 1,453,166 shares of the company’s stock, valued at $115,744,671.90. The disclosure for this sale can be found here. Over the last three months, insiders have bought 55,000 shares of company stock valued at $16,300 and have sold 242,673 shares valued at $18,685,542. Insiders own 0.96% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Advisory Research Inc. Sells 39,507 Shares of Discover Financial Services (DFS)” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international copyright and trademark laws. The correct version of this report can be viewed at https://www.thecerbatgem.com/2018/02/15/advisory-research-inc-sells-39507-shares-of-discover-financial-services-dfs.html.

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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