Trust Department MB Financial Bank N A Has $27,000 Stake in Discover Financial Services (DFS)

Share on StockTwits

Trust Department MB Financial Bank N A decreased its position in shares of Discover Financial Services (NYSE:DFS) by 35.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 461 shares of the financial services provider’s stock after selling 250 shares during the quarter. Trust Department MB Financial Bank N A’s holdings in Discover Financial Services were worth $27,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in DFS. Millennium Management LLC boosted its holdings in shares of Discover Financial Services by 87.1% during the second quarter. Millennium Management LLC now owns 1,263,969 shares of the financial services provider’s stock valued at $88,996,000 after acquiring an additional 588,371 shares during the period. Morgan Stanley boosted its holdings in shares of Discover Financial Services by 11.0% during the second quarter. Morgan Stanley now owns 4,863,732 shares of the financial services provider’s stock valued at $342,452,000 after acquiring an additional 482,980 shares during the period. Man Group plc boosted its holdings in shares of Discover Financial Services by 95.8% during the third quarter. Man Group plc now owns 953,485 shares of the financial services provider’s stock valued at $72,894,000 after acquiring an additional 466,429 shares during the period. Capital World Investors boosted its holdings in shares of Discover Financial Services by 2.8% during the third quarter. Capital World Investors now owns 14,395,380 shares of the financial services provider’s stock valued at $1,100,527,000 after acquiring an additional 393,987 shares during the period. Finally, Worldquant Millennium Quantitative Strategies LLC acquired a new position in shares of Discover Financial Services during the second quarter valued at $25,690,000. 85.90% of the stock is owned by institutional investors.

Several brokerages have recently issued reports on DFS. Zacks Investment Research downgraded shares of Discover Financial Services from a “hold” rating to a “sell” rating in a report on Monday. Stephens restated a “hold” rating and set a $80.00 price objective on shares of Discover Financial Services in a research note on Sunday. Barclays set a $85.00 price objective on shares of Discover Financial Services and gave the company a “buy” rating in a research note on Friday, December 14th. ValuEngine upgraded shares of Discover Financial Services from a “sell” rating to a “hold” rating in a research note on Tuesday, November 27th. Finally, Citigroup cut their price objective on shares of Discover Financial Services from $78.00 to $75.00 and set a “neutral” rating on the stock in a research note on Thursday, November 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $86.44.

NYSE DFS opened at $62.13 on Thursday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.48 and a current ratio of 1.48. The stock has a market cap of $20.59 billion, a price-to-earnings ratio of 10.39, a P/E/G ratio of 0.57 and a beta of 1.56. Discover Financial Services has a 1 year low of $54.36 and a 1 year high of $81.93.

Discover Financial Services (NYSE:DFS) last posted its quarterly earnings data on Thursday, October 25th. The financial services provider reported $2.05 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $2.05. The firm had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.69 billion. Discover Financial Services had a return on equity of 25.49% and a net margin of 19.51%. On average, sell-side analysts expect that Discover Financial Services will post 7.84 earnings per share for the current year.

In other Discover Financial Services news, insider David W. Nelms sold 30,000 shares of the business’s stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $69.81, for a total transaction of $2,094,300.00. Following the sale, the insider now owns 1,150,798 shares in the company, valued at approximately $80,337,208.38. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Edward W. Mcgrogan sold 850 shares of the business’s stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $70.00, for a total value of $59,500.00. Following the sale, the senior vice president now owns 12,075 shares in the company, valued at approximately $845,250. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 70,350 shares of company stock worth $4,985,938. Corporate insiders own 0.81% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by Ticker Report and is the property of of Ticker Report. If you are reading this piece of content on another site, it was illegally copied and republished in violation of U.S. & international copyright and trademark laws. The legal version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/4067869/trust-department-mb-financial-bank-n-a-has-27000-stake-in-discover-financial-services-dfs.html.

Discover Financial Services 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.

Read More: Intrinsic Value and Stock Selection

Want to see what other hedge funds are holding DFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Discover Financial Services (NYSE:DFS).

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

Receive News & Ratings for Discover Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discover Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

IslaCoin Price Hits $0.17 on Exchanges
IslaCoin Price Hits $0.17 on Exchanges
WP Carey Inc  Given Average Recommendation of “Hold” by Brokerages
WP Carey Inc Given Average Recommendation of “Hold” by Brokerages
Medtronic PLC  Given Consensus Recommendation of “Buy” by Analysts
Medtronic PLC Given Consensus Recommendation of “Buy” by Analysts
Zen Protocol Reaches 24 Hour Trading Volume of $240,660.00
Zen Protocol Reaches 24 Hour Trading Volume of $240,660.00
Zynerba Pharmaceuticals  Upgraded by Zacks Investment Research to Buy
Zynerba Pharmaceuticals Upgraded by Zacks Investment Research to Buy
Po.et Price Up 5.6% Over Last 7 Days
Po.et Price Up 5.6% Over Last 7 Days


Leave a Reply

© 2006-2019 Ticker Report