NorthCoast Asset Management LLC cut its stake in shares of Discover Financial Services (NYSE:DFS) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,769 shares of the financial services provider’s stock after selling 2,413 shares during the quarter. NorthCoast Asset Management LLC’s holdings in Discover Financial Services were worth $2,598,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Boston Partners boosted its stake in shares of Discover Financial Services by 4.6% during the 3rd quarter. Boston Partners now owns 12,187,219 shares of the financial services provider’s stock worth $785,833,000 after acquiring an additional 538,244 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its stake 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 acquiring an additional 3,475,126 shares in the last quarter. LSV Asset Management boosted its stake in shares of Discover Financial Services by 3.5% during the 4th quarter. LSV Asset Management now owns 6,898,150 shares of the financial services provider’s stock worth $530,605,000 after acquiring an additional 234,467 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Discover Financial Services by 84.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,904,200 shares of the financial services provider’s stock worth $380,703,000 after acquiring an additional 2,698,700 shares in the last quarter. Finally, Bessemer Group Inc. boosted its stake in shares of Discover Financial Services by 4.3% during the 4th quarter. Bessemer Group Inc. now owns 3,836,438 shares of the financial services provider’s stock worth $295,099,000 after acquiring an additional 159,496 shares in the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.

Shares of Discover Financial Services (NYSE DFS) opened at $76.14 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 1.55 and a debt-to-equity ratio of 2.52. Discover Financial Services has a 1-year low of $57.50 and a 1-year high of $81.93. The stock has a market capitalization of $27,209.94, a price-to-earnings ratio of 12.54, a P/E/G ratio of 1.24 and a beta of 1.54.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 22nd will be issued a dividend of $0.35 per share. The ex-dividend date is Wednesday, February 21st. This represents a $1.40 annualized dividend and a dividend yield of 1.84%. Discover Financial Services’s dividend payout ratio is 25.88%.

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

In related news, SVP Edward W. Mcgrogan sold 2,435 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $81.63, for a total transaction of $198,769.05. Following the completion of the sale, the senior vice president now directly owns 12,033 shares in the company, valued at $982,253.79. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Daniel Peter Capozzi sold 5,000 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $79.97, for a total value of $399,850.00. Following the sale, the senior vice president now owns 23,977 shares of the company’s stock, valued at $1,917,440.69. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 55,000 shares of company stock valued at $16,300 and have sold 242,673 shares valued at $18,685,542. 0.96% of the stock is currently owned by company insiders.

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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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