Discover Financial Services (DFS) Shares Bought by Xact Kapitalforvaltning AB

Xact Kapitalforvaltning AB increased its stake in Discover Financial Services (NYSE:DFS) by 5.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,716 shares of the financial services provider’s stock after purchasing an additional 4,109 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Discover Financial Services were worth $6,286,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in DFS. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Discover Financial Services by 8.5% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 37,154 shares of the financial services provider’s stock valued at $2,396,000 after purchasing an additional 2,898 shares in the last quarter. New York State Common Retirement Fund increased its holdings in shares of Discover Financial Services by 4.7% in the 3rd quarter. New York State Common Retirement Fund now owns 965,900 shares of the financial services provider’s stock valued at $62,281,000 after purchasing an additional 43,400 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of Discover Financial Services by 10.1% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 10,294 shares of the financial services provider’s stock valued at $664,000 after purchasing an additional 944 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Discover Financial Services by 10.1% in the 3rd quarter. Pacer Advisors Inc. now owns 10,020 shares of the financial services provider’s stock valued at $646,000 after purchasing an additional 921 shares in the last quarter. Finally, Wasatch Advisors Inc. increased its holdings in shares of Discover Financial Services by 24.3% in the 3rd quarter. Wasatch Advisors Inc. now owns 16,352 shares of the financial services provider’s stock valued at $1,054,000 after purchasing an additional 3,200 shares in the last quarter. Institutional investors and hedge funds own 86.35% of the company’s stock.

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Shares of DFS stock opened at $70.07 on Friday. Discover Financial Services has a 12 month low of $57.50 and a 12 month high of $81.93. The stock has a market cap of $25,503.47, a PE ratio of 12.95, a price-to-earnings-growth ratio of 1.06 and a beta of 1.49. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 2.55.

Discover Financial Services (NYSE:DFS) last released its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.02. Discover Financial Services had a net margin of 17.95% and a return on equity of 21.49%. The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $1.85 billion. sell-side analysts predict that Discover Financial Services will post 7.63 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 8th. Shareholders of record on Thursday, February 22nd were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $1.40 annualized dividend and a dividend yield of 2.00%. Discover Financial Services’s dividend payout ratio is currently 25.88%.

In other Discover Financial Services news, SVP Daniel Peter Capozzi sold 5,000 shares of the firm’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $79.97, for a total transaction of $399,850.00. Following the sale, the senior vice president now directly owns 23,977 shares of the company’s stock, valued at approximately $1,917,440.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Roger C. Hochschild sold 15,258 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $76.78, for a total transaction of $1,171,509.24. Following the sale, the chief operating officer now directly owns 723,666 shares in the company, valued at $55,563,075.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 29,000 shares of company stock worth $8,670 and have sold 242,674 shares worth $19,140,541. 0.81% of the stock is owned by company insiders.

DFS has been the subject of a number of research analyst reports. Instinet cut their price target on shares of Discover Financial Services from $96.00 to $94.00 and set a “buy” rating for the company in a report on Thursday, January 25th. Barclays set a $95.00 target price on shares of Discover Financial Services and gave the company a “buy” rating in a report on Friday, January 12th. Jefferies Group restated a “buy” rating and set a $91.00 target price on shares of Discover Financial Services in a report on Thursday, January 11th. Deutsche Bank started coverage on shares of Discover Financial Services in a report on Tuesday, January 2nd. They set a “buy” rating and a $92.00 target price for the company. Finally, Zacks Investment Research upgraded shares of Discover Financial Services from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a report on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. Discover Financial Services currently has a consensus rating of “Buy” and an average target price of $85.61.

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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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