Livforsakringsbolaget Skandia Omsesidigt Sells 2,900 Shares of Discover Financial Services (DFS)

Livforsakringsbolaget Skandia Omsesidigt trimmed its holdings in shares of Discover Financial Services (NYSE:DFS) by 12.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,449 shares of the financial services provider’s stock after selling 2,900 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Discover Financial Services were worth $1,573,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Grove Bank & Trust lifted its stake in Discover Financial Services by 2,483.3% in the 3rd quarter. Grove Bank & Trust now owns 1,550 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 1,490 shares during the last quarter. Rational Advisors LLC acquired a new stake in Discover Financial Services in the 3rd quarter valued at about $123,000. Americafirst Capital Management LLC acquired a new stake in Discover Financial Services in the 3rd quarter valued at about $140,000. Capstone Investment Advisors Netherlands B.V. acquired a new stake in Discover Financial Services in the 2nd quarter valued at about $157,000. Finally, San Francisco Sentry Investment Group CA acquired a new stake in Discover Financial Services in the 2nd quarter valued at about $170,000. Institutional investors own 84.78% of the company’s stock.

In other 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 transaction of $533,440.00. Following the transaction, the executive vice president now directly owns 173,149 shares of the company’s stock, valued at $11,545,575.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $66.67, for a total transaction of $1,100,255.01. Following the transaction, the chief financial officer now directly owns 82,402 shares in the company, valued at $5,493,741.34. The disclosure for this sale can be found here. Insiders have sold 179,277 shares of company stock worth $12,673,925 over the last ninety days. Insiders own 0.96% of the company’s stock.

DFS has been the subject of several recent analyst reports. Nomura cut their target price on shares of Discover Financial Services from $81.00 to $79.00 and set a “buy” rating for the company in a research note on Wednesday, October 25th. Buckingham Research initiated coverage on shares of Discover Financial Services in a research note on Monday, October 2nd. They issued a “buy” rating and a $74.00 target price for the company. ValuEngine upgraded shares of Discover Financial Services from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Oppenheimer set a $71.00 price target on shares of Discover Financial Services and gave the company a “buy” rating in a report on Tuesday, October 24th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $86.00 price target on shares of Discover Financial Services in a report on Wednesday, October 25th. Two equities 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. Discover Financial Services currently has a consensus rating of “Buy” and an average target price of $80.76.

Discover Financial Services (NYSE:DFS) opened at $78.32 on Friday. The firm has a market cap of $28,423.63, a PE ratio of 13.44, a price-to-earnings-growth ratio of 1.27 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 has a fifty-two week low of $57.50 and a fifty-two week high of $81.23.

Discover Financial Services (NYSE:DFS) last announced its earnings results on Tuesday, October 24th. The financial services provider reported $1.59 EPS for the quarter, topping the Thomson Reuters’ 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%. equities research analysts anticipate that Discover Financial Services will post 5.94 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 22nd will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.79%. Discover Financial Services’s dividend payout ratio is presently 24.05%.

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Discover Financial Services Company 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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