BB&T Investment Services Inc. increased its position in Discover Financial Services (NYSE:DFS) by 10.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,993 shares of the financial services provider’s stock after purchasing an additional 1,273 shares during the quarter. BB&T Investment Services Inc.’s holdings in Discover Financial Services were worth $835,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Discover Financial Services by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 25,748,479 shares of the financial services provider’s stock valued at $1,601,297,000 after acquiring an additional 217,535 shares during the last quarter. Boston Partners boosted its stake in Discover Financial Services by 4.6% during the 3rd quarter. Boston Partners now owns 12,187,219 shares of the financial services provider’s stock valued at $785,833,000 after acquiring an additional 538,244 shares during the last quarter. Capital World Investors boosted its stake in Discover Financial Services by 18.3% during the 2nd quarter. Capital World Investors now owns 10,578,342 shares of the financial services provider’s stock valued at $657,867,000 after acquiring an additional 1,638,334 shares during the last quarter. FMR LLC boosted its stake in Discover Financial Services by 17.4% during the 2nd quarter. FMR LLC now owns 10,374,397 shares of the financial services provider’s stock valued at $645,184,000 after acquiring an additional 1,534,882 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its stake in Discover Financial Services by 97.6% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 7,035,035 shares of the financial services provider’s stock valued at $453,619,000 after acquiring an additional 3,475,126 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

A number of research analysts have commented on DFS shares. Zacks Investment Research upgraded shares of Discover Financial Services from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Morgan Stanley reduced their price objective on shares of Discover Financial Services from $71.00 to $70.00 and set an “overweight” rating on the stock in a research note on Friday, September 8th. BMO Capital Markets reduced their price objective on shares of Discover Financial Services from $69.00 to $67.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 25th. Bank of America increased their price objective on shares of Discover Financial Services from $67.00 to $69.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $86.00 price objective on shares of Discover Financial Services in a research note on Wednesday, October 25th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $74.45.

Discover Financial Services (NYSE DFS) traded up $2.32 during mid-day trading on Tuesday, hitting $73.44. 3,998,000 shares of the company were exchanged, compared to its average volume of 2,644,308. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.55 and a current ratio of 1.55. Discover Financial Services has a 1-year low of $57.50 and a 1-year high of $74.33. The firm has a market cap of $25,843.63, a PE ratio of 12.22, a PEG ratio of 1.87 and a beta of 1.53.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Wednesday, November 22nd will be issued a $0.35 dividend. The ex-dividend date is Tuesday, November 21st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.91%. Discover Financial Services’s dividend payout ratio (DPR) is presently 24.05%.

In related news, CEO David W. Nelms sold 30,000 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $64.55, for a total value of $1,936,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO R. Mark Graf sold 16,503 shares of the stock in a transaction dated 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 completion of the sale, the chief financial officer now directly owns 82,402 shares in the company, valued at approximately $5,493,741.34. The disclosure for this sale can be found here. In the last ninety days, insiders sold 123,019 shares of company stock worth $8,099,143. Corporate insiders own 0.96% of the company’s stock.

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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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