Private Trust Co. NA acquired a new stake in Discover Financial Services (NYSE:DFS) during the second quarter, Holdings Channel reports. The firm acquired 3,780 shares of the financial services provider’s stock, valued at approximately $235,000.

A number of other large investors also recently added to or reduced their stakes in the company. Orrstown Financial Services Inc. raised its stake in Discover Financial Services by 64.2% in the first quarter. Orrstown Financial Services Inc. now owns 1,716 shares of the financial services provider’s stock valued at $117,000 after buying an additional 671 shares in the last quarter. FNY Managed Accounts LLC bought a new stake in Discover Financial Services during the first quarter valued at approximately $124,000. Perigon Wealth Management LLC raised its stake in Discover Financial Services by 2.3% in the first quarter. Perigon Wealth Management LLC now owns 2,146 shares of the financial services provider’s stock valued at $147,000 after buying an additional 48 shares in the last quarter. Advisory Services Network LLC bought a new stake in Discover Financial Services during the first quarter valued at approximately $183,000. Finally, Whittier Trust Co. raised its stake in Discover Financial Services by 32.4% in the first quarter. Whittier Trust Co. now owns 2,820 shares of the financial services provider’s stock valued at $193,000 after buying an additional 690 shares in the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

Shares of Discover Financial Services (DFS) opened at 61.26 on Monday. The firm has a 50 day moving average price of $60.07 and a 200-day moving average price of $66.69. Discover Financial Services has a 52 week low of $53.91 and a 52 week high of $74.33. The firm has a market capitalization of $23.29 billion, a P/E ratio of 10.46 and a beta of 1.47.

Discover Financial Services (NYSE:DFS) last issued its quarterly earnings data on Tuesday, April 25th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.01. Discover Financial Services had a return on equity of 21.86% and a net margin of 22.08%. The business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the prior year, the business earned $1.35 earnings per share. The business’s revenue was up 5.2% on a year-over-year basis. Equities research analysts predict that Discover Financial Services will post $5.99 EPS for the current fiscal year.

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Several equities research analysts have commented on DFS shares. Instinet restated a “buy” rating and issued a $86.00 price objective (down previously from $88.00) on shares of Discover Financial Services in a research report on Saturday, April 29th. Wells Fargo & Company lowered Discover Financial Services to a “buy” rating and set a $70.00 price objective on the stock. in a research report on Friday, May 19th. Royal Bank Of Canada restated a “buy” rating and issued a $82.00 price objective on shares of Discover Financial Services in a research report on Tuesday, May 16th. Keefe, Bruyette & Woods restated a “buy” rating on shares of Discover Financial Services in a research report on Friday, May 12th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $82.00 price objective on shares of Discover Financial Services in a research report on Friday, May 12th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seventeen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $74.58.

In other news, EVP Julie A. Loeger sold 5,000 shares of the company’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $62.54, for a total value of $312,700.00. Following the sale, the executive vice president now directly owns 28,345 shares in the company, valued at $1,772,696.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Carlos Minetti sold 8,000 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $62.42, for a total value of $499,360.00. Following the completion of the sale, the executive vice president now owns 205,149 shares in the company, valued at $12,805,400.58. The disclosure for this sale can be found here. Insiders sold 142,600 shares of company stock worth $8,976,046 over the last 90 days. Company insiders own 0.96% 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 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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