Teacher Retirement System of Texas lifted its stake in shares of Discover Financial Services (NYSE:DFS) by 173.4% in the fourth quarter, Holdings Channel reports. The fund owned 174,486 shares of the financial services provider’s stock after acquiring an additional 110,676 shares during the quarter. Teacher Retirement System of Texas’ holdings in Discover Financial Services were worth $13,421,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Grove Bank & Trust lifted its holdings in shares of Discover Financial Services by 2,483.3% during the 3rd quarter. Grove Bank & Trust now owns 1,550 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 1,490 shares during the last quarter. Rational Advisors LLC bought a new stake in shares of Discover Financial Services during the 3rd quarter worth $123,000. Americafirst Capital Management LLC bought a new stake in shares of Discover Financial Services during the 3rd quarter worth $140,000. Advisory Services Network LLC lifted its holdings in shares of Discover Financial Services by 8.5% during the 2nd quarter. Advisory Services Network LLC now owns 2,911 shares of the financial services provider’s stock worth $181,000 after acquiring an additional 229 shares during the last quarter. Finally, Arbor Investment Advisors LLC bought a new stake in shares of Discover Financial Services during the 4th quarter worth $203,000. 84.46% of the stock is owned by institutional investors.

In other Discover Financial Services news, SVP Daniel Peter Capozzi sold 5,000 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $79.97, for a total value of $399,850.00. Following the transaction, the senior vice president now owns 23,977 shares in the company, valued at $1,917,440.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Roger C. Hochschild sold 15,258 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $53,023,648.28. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 55,000 shares of company stock worth $16,300 and sold 242,673 shares worth $18,685,542. 0.96% of the stock is currently owned by insiders.

A number of analysts have recently issued reports on the stock. JMP Securities lifted their price objective on shares of Discover Financial Services to $91.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Deutsche Bank assumed coverage on shares of Discover Financial Services in a report on Tuesday, January 2nd. They set a “buy” rating and a $92.00 price objective for the company. Zacks Investment Research downgraded shares of Discover Financial Services from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Bank of America raised shares of Discover Financial Services from a “neutral” rating to a “buy” rating and set a $83.00 price objective for the company in a report on Monday, December 18th. Finally, BMO Capital Markets lowered their price target on shares of Discover Financial Services from $97.00 to $93.00 and set a “market perform” rating for the company in a research note on Thursday, January 25th. Two equities 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 given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $85.61.

Shares of Discover Financial Services (DFS) opened at $74.11 on Monday. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.08 and a quick ratio of 1.55. The firm has a market cap of $26,930.14, a price-to-earnings ratio of 13.70, a price-to-earnings-growth ratio of 1.21 and a beta of 1.54. Discover Financial Services has a one year low of $57.50 and a one year high of $81.93.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 22nd will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Wednesday, February 21st. Discover Financial Services’s payout ratio is 25.88%.

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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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