Sciencast Management LP purchased a new position in Discover Financial Services (NYSE:DFS) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 17,033 shares of the financial services provider’s stock, valued at approximately $1,225,000.

Several other large investors also recently bought and sold shares of DFS. Amundi Pioneer Asset Management Inc. raised its holdings in shares of Discover Financial Services by 273.7% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 2,509,493 shares of the financial services provider’s stock worth $193,030,000 after purchasing an additional 1,837,913 shares during the period. Mackenzie Financial Corp bought a new stake in shares of Discover Financial Services in the 4th quarter worth approximately $76,302,000. Element Capital Management LLC bought a new stake in shares of Discover Financial Services in the 4th quarter worth approximately $48,135,000. Sirios Capital Management L P bought a new stake in shares of Discover Financial Services in the 4th quarter worth approximately $37,915,000. Finally, Diamond Hill Capital Management Inc. raised its holdings in Discover Financial Services by 6.3% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 7,712,071 shares of the financial services provider’s stock valued at $554,729,000 after acquiring an additional 454,282 shares during the period. 86.49% of the stock is currently owned by institutional investors.

In other news, Director Mary K. Bush sold 4,674 shares of the business’s stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $76.17, for a total transaction of $356,018.58. Following the completion of the transaction, the director now directly owns 54,060 shares in the company, valued at approximately $4,117,750.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael H. Moskow sold 2,324 shares of the company’s stock in a transaction on Wednesday, May 9th. The stock was sold at an average price of $74.02, for a total transaction of $172,022.48. Following the completion of the transaction, the director now owns 50,027 shares of the company’s stock, valued at $3,702,998.54. The disclosure for this sale can be found here. Insiders have sold a total of 101,007 shares of company stock valued at $7,131,881 over the last 90 days. Company insiders own 0.81% of the company’s stock.

DFS has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Discover Financial Services from a “sell” rating to a “hold” rating in a report on Wednesday, April 4th. Citigroup initiated coverage on shares of Discover Financial Services in a report on Thursday, April 5th. They set a “neutral” rating and a $78.00 target price on the stock. Wells Fargo & Co lowered their target price on shares of Discover Financial Services from $84.00 to $76.00 and set a “market perform” rating on the stock in a report on Thursday, March 29th. Stephens raised shares of Discover Financial Services from an “underweight” rating to an “equal” rating and set a $73.00 target price on the stock in a report on Monday, April 9th. Finally, Barclays lowered their target price on shares of Discover Financial Services from $94.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday, March 29th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Discover Financial Services presently has an average rating of “Buy” and an average price target of $85.43.

Discover Financial Services opened at $74.82 on Thursday, according to Marketbeat Ratings. The firm has a market cap of $26.27 billion, a PE ratio of 12.51, a PEG ratio of 0.92 and a beta of 1.46. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.55. Discover Financial Services has a one year low of $57.50 and a one year high of $81.93.

Discover Financial Services (NYSE:DFS) last released its quarterly earnings results on Thursday, April 26th. The financial services provider reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.05. The firm had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.58 billion. Discover Financial Services had a net margin of 18.43% and a return on equity of 22.79%. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.43 EPS. sell-side analysts forecast that Discover Financial Services will post 7.72 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 7th. Stockholders of record on Thursday, May 24th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, May 23rd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.87%. Discover Financial Services’s dividend payout ratio (DPR) is currently 23.41%.

Discover Financial Services Company Profile

Discover Financial Services, through its subsidiaries, operates as a direct banking and payment services company in the United States. The Direct Banking segment offers Discover-branded credit cards to individuals; and other consumer products and services, including private student loans, personal loans, home equity loans, and other consumer lending, as well as deposit products, such as certificates of deposit, money market accounts, savings accounts, checking accounts, and individual retirement arrangement certificates of deposit.

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

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