Andra AP fonden lifted its holdings in Discover Financial Services (NYSE:DFS) by 3.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 75,700 shares of the financial services provider’s stock after purchasing an additional 2,500 shares during the quarter. Andra AP fonden’s holdings in Discover Financial Services were worth $4,881,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. V Wealth Management LLC bought a new position in Discover Financial Services during the second quarter valued at about $101,000. FNY Managed Accounts LLC purchased a new stake in Discover Financial Services in the 1st quarter worth about $124,000. Orrstown Financial Services Inc. lifted its stake in Discover Financial Services by 16.7% in the 2nd quarter. Orrstown Financial Services Inc. now owns 2,002 shares of the financial services provider’s stock worth $125,000 after acquiring an additional 286 shares in the last quarter. Perigon Wealth Management LLC lifted its stake in Discover Financial Services by 2.3% in the 1st quarter. Perigon Wealth Management LLC now owns 2,146 shares of the financial services provider’s stock worth $147,000 after acquiring an additional 48 shares in the last quarter. Finally, Chicago Partners Investment Group LLC purchased a new stake in Discover Financial Services in the 2nd quarter worth about $168,000. 87.86% of the stock is owned by institutional investors.

A number of research analysts have recently commented on DFS shares. Barclays PLC reissued an “equal weight” rating and set a $70.00 price objective (down previously from $79.00) on shares of Discover Financial Services in a report on Thursday, July 13th. Compass Point lowered Discover Financial Services from a “buy” rating to a “neutral” rating in a report on Wednesday, October 25th. Oppenheimer Holdings, Inc. set a $69.00 target price on Discover Financial Services and gave the company a “buy” rating in a report on Wednesday, July 26th. Zacks Investment Research lowered Discover Financial Services from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Finally, ValuEngine raised Discover Financial Services from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have given a buy rating to the company’s stock. Discover Financial Services has an average rating of “Hold” and a consensus target price of $74.45.

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In other Discover Financial Services news, EVP Kathryn Mcnamara Corley sold 4,000 shares of Discover Financial Services stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $59.63, for a total transaction of $238,520.00. Following the completion of the transaction, the executive vice president now owns 150,744 shares in the company, valued at approximately $8,988,864.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David W. Nelms sold 30,000 shares of Discover Financial Services stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $59.10, for a total value of $1,773,000.00. Following the transaction, the chief executive officer now owns 1,529,912 shares of the company’s stock, valued at approximately $90,417,799.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 172,277 shares of company stock valued at $11,020,650. 0.96% of the stock is currently owned by company insiders.

Shares of Discover Financial Services (NYSE DFS) opened at $67.02 on Tuesday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.52. Discover Financial Services has a 1-year low of $55.71 and a 1-year high of $74.33. The firm has a market capitalization of $24,506.39, a PE ratio of 11.59, a price-to-earnings-growth ratio of 1.78 and a beta of 1.52.

Discover Financial Services announced that its board has approved a share repurchase program on Tuesday, July 25th that authorizes the company to repurchase $2.75 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to buy up to 11.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Wednesday, November 22nd will be issued a dividend of $0.35 per share. The ex-dividend date is Tuesday, November 21st. This represents a $1.40 dividend on an annualized basis and a yield of 2.09%. Discover Financial Services’s payout ratio is currently 24.05%.

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.

Institutional Ownership by Quarter for Discover Financial Services (NYSE:DFS)

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