First National Trust Co lowered its position in Discover Financial Services (NYSE:DFS) by 25.8% during the 4th quarter, HoldingsChannel reports. The firm owned 12,828 shares of the financial services provider’s stock after selling 4,450 shares during the quarter. First National Trust Co’s holdings in Discover Financial Services were worth $987,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Grove Bank & Trust grew its stake in Discover Financial Services by 2,483.3% in the third quarter. Grove Bank & Trust now owns 1,550 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 1,490 shares in the last quarter. Rational Advisors LLC bought a new position in Discover Financial Services in the third quarter worth approximately $123,000. Americafirst Capital Management LLC bought a new position in Discover Financial Services in the third quarter worth approximately $140,000. Capstone Investment Advisors Netherlands B.V. bought a new position in Discover Financial Services in the second quarter worth approximately $157,000. Finally, Arbor Investment Advisors LLC bought a new position in Discover Financial Services in the fourth quarter worth approximately $203,000. 84.78% of the stock is currently owned by institutional investors.

Shares of Discover Financial Services (DFS) opened at $78.22 on Friday. Discover Financial Services has a twelve month low of $57.50 and a twelve month high of $81.23. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.52. The company has a market capitalization of $28,681.63, a price-to-earnings ratio of 13.44, a PEG ratio of 1.72 and a beta of 1.52.

Discover Financial Services (NYSE:DFS) last issued its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $1.59 EPS for the quarter, beating the consensus estimate of $1.53 by $0.06. Discover Financial Services had a return on equity of 21.01% and a net margin of 20.04%. sell-side analysts expect that Discover Financial Services will post 5.92 earnings per share for the current year.

The firm also recently disclosed 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%.

In other news, EVP Kathryn Mcnamara Corley sold 4,000 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $76.81, for a total transaction of $307,240.00. Following the completion of the sale, the executive vice president now owns 134,744 shares in the company, valued at approximately $10,349,686.64. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO R. Mark Graf sold 16,503 shares of the stock in a transaction on Friday, October 27th. The shares were sold at an average price of $66.67, for a total value of $1,100,255.01. Following the sale, the chief financial officer now owns 82,402 shares of the company’s stock, valued at approximately $5,493,741.34. The disclosure for this sale can be found here. In the last quarter, insiders have sold 179,277 shares of company stock valued at $12,673,925. Company insiders own 0.96% of the company’s stock.

Several research analysts recently issued reports on DFS shares. Barclays set a $73.00 price objective on Discover Financial Services and gave the stock a “hold” rating in a research note on Wednesday, October 25th. ValuEngine upgraded Discover Financial Services from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Oppenheimer set a $71.00 target price on Discover Financial Services and gave the stock a “buy” rating in a report on Tuesday, October 24th. Zacks Investment Research lowered Discover Financial Services from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Finally, Compass Point lowered Discover Financial Services from a “buy” rating to a “neutral” rating in a report on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eighteen have issued a buy rating to the stock. Discover Financial Services currently has an average rating of “Buy” and a consensus target price of $80.76.

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About Discover Financial Services

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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