Parametric Portfolio Associates LLC increased its position in shares of Discover Financial Services (NYSE:DFS) by 6.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,857,339 shares of the financial services provider’s stock after acquiring an additional 111,915 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.51% of Discover Financial Services worth $119,761,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of DFS. Diamond Hill Capital Management Inc. lifted its stake in shares of Discover Financial Services by 97.6% during 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 acquiring an additional 3,475,126 shares during the period. Hotchkis & Wiley Capital Management LLC acquired a new position in Discover Financial Services in the second quarter valued at about $199,350,000. Principal Financial Group Inc. lifted its stake in Discover Financial Services by 492.6% in the second quarter. Principal Financial Group Inc. now owns 3,504,010 shares of the financial services provider’s stock valued at $217,914,000 after buying an additional 2,912,742 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Discover Financial Services by 320.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,672,385 shares of the financial services provider’s stock valued at $166,196,000 after buying an additional 2,037,515 shares during the period. Finally, Capital World Investors lifted its stake in Discover Financial Services by 18.3% in the second quarter. Capital World Investors now owns 10,578,342 shares of the financial services provider’s stock valued at $657,867,000 after buying an additional 1,638,334 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Discover Financial Services (DFS) opened at $74.59 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.52. The stock has a market capitalization of $26,770.25, a PE ratio of 12.66, a P/E/G ratio of 1.94 and a beta of 1.53. Discover Financial Services has a fifty-two week low of $57.50 and a fifty-two week high of $75.51.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 7th. Investors of record on Wednesday, November 22nd were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.88%. Discover Financial Services’s payout ratio is presently 24.05%.

Several equities analysts have weighed in on DFS shares. ValuEngine lowered Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Wells Fargo & Company started coverage on Discover Financial Services in a research note on Tuesday, October 10th. They issued a “market perform” rating and a $69.00 target price on the stock. Zacks Investment Research raised Discover Financial Services from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Buckingham Research started coverage on Discover Financial Services in a research note on Monday, October 2nd. They issued a “buy” rating and a $74.00 target price on the stock. Finally, Bank of America increased their target price on Discover Financial Services from $67.00 to $69.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and sixteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $76.26.

In related news, COO Roger C. Hochschild sold 15,258 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $64.87, for a total transaction of $989,786.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Carlos Minetti sold 8,000 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $64.51, for a total value of $516,080.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 183,277 shares of company stock valued at $12,335,343. 0.96% of the stock is owned by corporate 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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