Discover Financial Services (NYSE:DFS) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lowered its stake in shares of Discover Financial Services (NYSE:DFS) by 2.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 95,900 shares of the financial services provider’s stock after selling 2,400 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Discover Financial Services were worth $13,454,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in DFS. Cooke & Bieler LP lifted its position in shares of Discover Financial Services by 5.1% during the 2nd quarter. Cooke & Bieler LP now owns 1,281,950 shares of the financial services provider’s stock worth $167,692,000 after purchasing an additional 62,595 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of Discover Financial Services by 6.7% during the second quarter. Hsbc Holdings PLC now owns 1,181,333 shares of the financial services provider’s stock worth $154,064,000 after acquiring an additional 73,902 shares during the period. AustralianSuper Pty Ltd boosted its holdings in Discover Financial Services by 0.5% during the second quarter. AustralianSuper Pty Ltd now owns 1,162,495 shares of the financial services provider’s stock worth $152,066,000 after buying an additional 6,042 shares in the last quarter. Elser Financial Planning Inc purchased a new stake in Discover Financial Services during the second quarter worth about $91,044,000. Finally, Samlyn Capital LLC boosted its holdings in Discover Financial Services by 368.0% during the second quarter. Samlyn Capital LLC now owns 646,691 shares of the financial services provider’s stock worth $84,594,000 after buying an additional 508,504 shares in the last quarter. Hedge funds and other institutional investors own 86.94% of the company’s stock.

Discover Financial Services Price Performance

DFS opened at $149.14 on Tuesday. The company has a market capitalization of $37.44 billion, a P/E ratio of 12.04, a PEG ratio of 0.96 and a beta of 1.41. The company has a 50-day moving average of $140.91 and a 200-day moving average of $133.07. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.04 and a current ratio of 1.08. Discover Financial Services has a 1-year low of $82.15 and a 1-year high of $157.06.

Discover Financial Services (NYSE:DFS) last announced its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.28 by $0.41. The firm had revenue of $5.91 billion for the quarter, compared to analysts’ expectations of $4.36 billion. Discover Financial Services had a return on equity of 21.38% and a net margin of 13.78%. During the same quarter in the prior year, the firm posted $2.59 earnings per share. Equities analysts expect that Discover Financial Services will post 13.28 EPS for the current fiscal year.

Discover Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.88%. The ex-dividend date is Thursday, November 21st. Discover Financial Services’s dividend payout ratio (DPR) is presently 22.60%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DFS shares. Jefferies Financial Group upped their price target on shares of Discover Financial Services from $145.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Keefe, Bruyette & Woods increased their price target on shares of Discover Financial Services from $145.00 to $160.00 and gave the stock an “outperform” rating in a research note on Monday, July 8th. JPMorgan Chase & Co. increased their price target on shares of Discover Financial Services from $132.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. BMO Capital Markets raised their target price on shares of Discover Financial Services from $115.00 to $119.00 and gave the company a “market perform” rating in a research note on Friday, July 19th. Finally, Royal Bank of Canada raised their target price on shares of Discover Financial Services from $148.00 to $161.00 and gave the company a “sector perform” rating in a research note on Friday, October 18th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $138.81.

Discover Financial Services Company Profile

Discover Financial Services, through its subsidiaries, provides digital banking products and services, and payment services in the United States. It operates in two segments, Digital Banking and Payment Services. The Digital Banking segment offers Discover-branded credit cards to individuals; personal loans, home loans, and other consumer lending; and direct-to-consumer deposit products comprising savings accounts, certificates of deposit, money market accounts, IRA certificates of deposit, IRA savings accounts and checking accounts, and sweep accounts.