Discover Financial Services (DFS) Holdings Lifted by Ladenburg Thalmann Financial Services Inc.

Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Discover Financial Services (NYSE:DFS) by 7.4% during the 4th quarter, Holdings Channel reports. The firm owned 25,606 shares of the financial services provider’s stock after buying an additional 1,770 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Discover Financial Services were worth $1,970,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Victory Capital Management Inc. increased its holdings in shares of Discover Financial Services by 9.7% during the 4th quarter. Victory Capital Management Inc. now owns 46,112 shares of the financial services provider’s stock worth $3,547,000 after acquiring an additional 4,096 shares during the last quarter. TD Asset Management Inc. increased its holdings in shares of Discover Financial Services by 71.9% during the 3rd quarter. TD Asset Management Inc. now owns 1,975,814 shares of the financial services provider’s stock worth $127,401,000 after acquiring an additional 826,606 shares during the last quarter. Wasatch Advisors Inc. increased its holdings in shares of Discover Financial Services by 24.3% during the 3rd quarter. Wasatch Advisors Inc. now owns 16,352 shares of the financial services provider’s stock worth $1,054,000 after acquiring an additional 3,200 shares during the last quarter. Bbva Compass Bancshares Inc. increased its holdings in shares of Discover Financial Services by 59.5% during the 4th quarter. Bbva Compass Bancshares Inc. now owns 87,684 shares of the financial services provider’s stock worth $6,744,000 after acquiring an additional 32,708 shares during the last quarter. Finally, Investec Asset Management LTD increased its holdings in shares of Discover Financial Services by 26.7% during the 3rd quarter. Investec Asset Management LTD now owns 239,187 shares of the financial services provider’s stock worth $15,423,000 after acquiring an additional 50,412 shares during the last quarter. 86.35% of the stock is currently owned by hedge funds and other institutional investors.

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DFS has been the topic of a number of recent analyst reports. Bank of America raised Discover Financial Services from a “neutral” rating to a “buy” rating and set a $83.00 target price on the stock in a report on Monday, December 18th. Wells Fargo reissued a “market perform” rating and set a $83.00 target price (up from $69.00) on shares of Discover Financial Services in a report on Tuesday, January 9th. Royal Bank of Canada reissued a “buy” rating and set a $107.00 target price on shares of Discover Financial Services in a report on Tuesday, January 9th. ValuEngine raised Discover Financial Services from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Barclays raised Discover Financial Services from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $73.00 to $93.00 in a report on Monday, December 11th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. Discover Financial Services currently has a consensus rating of “Buy” and a consensus price target of $85.61.

Shares of Discover Financial Services stock opened at $70.07 on Friday. The firm has a market capitalization of $24,857.82, a price-to-earnings ratio of 12.95, a PEG ratio of 1.03 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 has a 1 year low of $57.50 and a 1 year high of $81.93.

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

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

In other news, EVP Kathryn Mcnamara Corley sold 37,000 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $80.08, for a total transaction of $2,962,960.00. Following the completion of the sale, the executive vice president now directly owns 147,770 shares in the company, valued at approximately $11,833,421.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Roger C. Hochschild sold 15,259 shares of the company’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $76.83, for a total value of $1,172,348.97. Following the sale, the chief operating officer now owns 734,878 shares of the company’s stock, valued at $56,460,676.74. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 29,000 shares of company stock valued at $8,670 and have sold 242,674 shares valued at $19,140,541. Corporate insiders own 0.81% of the company’s stock.

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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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