Discover Financial Services (DFS) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd decreased its stake in shares of Discover Financial Services (NYSE:DFS) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 119,331 shares of the financial services provider’s stock after selling 4,800 shares during the period. Gulf International Bank UK Ltd’s holdings in Discover Financial Services were worth $9,178,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Grove Bank & Trust lifted its position in shares of Discover Financial Services by 2,483.3% during the third quarter. Grove Bank & Trust now owns 1,550 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 1,490 shares during the last quarter. Rational Advisors LLC bought a new position in shares of Discover Financial Services during the third quarter worth about $123,000. Americafirst Capital Management LLC bought a new position in shares of Discover Financial Services during the third quarter worth about $140,000. Capstone Investment Advisors Netherlands B.V. bought a new position in shares of Discover Financial Services during the second quarter worth about $157,000. Finally, San Francisco Sentry Investment Group CA bought a new position in shares of Discover Financial Services during the second quarter worth about $170,000. 84.78% of the stock is currently owned by institutional investors and hedge funds.

In other Discover Financial Services news, EVP Carlos Minetti sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $66.68, for a total value of $533,440.00. Following the sale, the executive vice president now owns 173,149 shares in the company, valued at $11,545,575.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO R. Mark Graf sold 16,503 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $66.67, for a total transaction of $1,100,255.01. Following the completion of the sale, the chief financial officer now owns 82,402 shares in the company, valued at approximately $5,493,741.34. The disclosure for this sale can be found here. Insiders sold 179,277 shares of company stock worth $12,673,925 in the last 90 days. 0.96% of the stock is owned by company insiders.

Several equities analysts have recently commented on the stock. Barclays set a $95.00 price target on shares of Discover Financial Services and gave the stock a “buy” rating in a research report on Friday, January 12th. Jefferies Group reaffirmed a “buy” rating and set a $91.00 price target on shares of Discover Financial Services in a research report on Thursday, January 11th. Royal Bank of Canada reaffirmed a “buy” rating and set a $107.00 price target on shares of Discover Financial Services in a research report on Tuesday, January 9th. Wells Fargo & Co reissued a “market perform” rating and issued a $83.00 target price (up previously from $69.00) on shares of Discover Financial Services in a report on Tuesday, January 9th. Finally, Stephens set a $73.00 target price on shares of Discover Financial Services and gave the stock a “sell” rating in a report on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eighteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $80.76.

Shares of Discover Financial Services (NYSE:DFS) traded down $1.57 during trading hours on Wednesday, hitting $78.94. 1,985,000 shares of the company’s stock traded hands, compared to its average volume of 2,125,420. Discover Financial Services has a 12 month low of $57.50 and a 12 month high of $81.23. The firm has a market capitalization of $28,550.00, a price-to-earnings ratio of 13.59, a P/E/G ratio of 1.76 and a beta of 1.52. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 2.52.

Discover Financial Services (NYSE:DFS) last announced its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $1.59 EPS for the quarter, beating the consensus estimate of $1.53 by $0.06. Discover Financial Services had a net margin of 20.04% and a return on equity of 21.01%. sell-side analysts anticipate that Discover Financial Services will post 5.93 EPS for the current fiscal year.

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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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