Callahan Advisors LLC continued to hold its stake in shares of Discover Financial Services (NYSE:DFS) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 69,000 shares of the financial services provider’s stock at the end of the second quarter. Callahan Advisors LLC’s holdings in Discover Financial Services were worth $3,698,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Virginia Retirement System bought a new stake in shares of Discover Financial Services during the first quarter valued at about $353,000. Nisa Investment Advisors L.L.C. boosted its stake in shares of Discover Financial Services by 14.9% in the first quarter. Nisa Investment Advisors L.L.C. now owns 192,691 shares of the financial services provider’s stock valued at $9,812,000 after buying an additional 25,000 shares in the last quarter. Mn Services Vermogensbeheer B.V. acquired a new stake in shares of Discover Financial Services during the first quarter worth $477,000. Commonwealth Equity Services Inc boosted its stake in shares of Discover Financial Services by 26.6% in the first quarter. Commonwealth Equity Services Inc now owns 38,470 shares of the financial services provider’s stock worth $1,959,000 after buying an additional 8,090 shares during the period. Finally, Arvest Bank Trust Division acquired a new stake in shares of Discover Financial Services during the first quarter worth $15,322,000. 85.99% of the stock is owned by institutional investors.

Discover Financial Services (NYSE:DFS) traded up 0.28% during mid-day trading on Monday, reaching $57.25. 1,885,302 shares of the company traded hands. Discover Financial Services has a one year low of $42.86 and a one year high of $60.29. The firm has a market cap of $23.11 billion, a PE ratio of 10.76 and a beta of 1.20. The stock’s 50-day moving average price is $58.16 and its 200-day moving average price is $54.88.

Discover Financial Services (NYSE:DFS) last released its quarterly earnings data on Tuesday, July 19th. The financial services provider reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.05. Discover Financial Services had a net margin of 22.41% and a return on equity of 21.15%. Analysts forecast that Discover Financial Services will post $5.72 earnings per share for the current fiscal year.

A number of analysts recently weighed in on the stock. Barclays PLC cut shares of Discover Financial Services from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, September 7th. Evercore ISI reaffirmed a “buy” rating and set a $59.00 price target on shares of Discover Financial Services in a research report on Friday, July 22nd. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $75.00 price target on shares of Discover Financial Services in a research report on Friday, July 22nd. Jefferies Group upped their price target on shares of Discover Financial Services from $66.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, September 1st. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Discover Financial Services in a research report on Thursday, June 30th. Six investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $63.74.

In related news, SVP Edward W. Mcgrogan sold 1,300 shares of Discover Financial Services stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $56.69, for a total transaction of $73,697.00. Following the completion of the transaction, the senior vice president now directly owns 12,072 shares of the company’s stock, valued at approximately $684,361.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David W. Nelms sold 15,000 shares of Discover Financial Services stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $56.68, for a total transaction of $850,200.00. The disclosure for this sale can be found here. Insiders own 1.07% of the company’s stock.

About Discover Financial Services

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, which includes consumer banking and lending products, specifically Discover-branded credit cards issued to individuals and small businesses on the Discover Network and other consumer banking products and services, including personal loans, home equity loans, and other consumer lending and deposit products, and Payment Services segment, which includes PULSE and its Network Partners business.

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